# Iron (HS4 7201) Trade Overview | Yugalinks

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Iron at HS4 7201, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7201

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## Answer

The iron subsector recorded $4.8B in reported global trade in 2024, with +0.5% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $4.8B |
| Latest annual change | +0.5% |
| Active exporters | 99 |
| Active importers | 147 |
| Active HS6 products | 3 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $2.3B | 869 | 3 |
| 1996 | $2.1B | 941 | 3 |
| 1997 | $2.2B | 919 | 3 |
| 1998 | $2.0B | 911 | 3 |
| 1999 | $1.5B | 1,024 | 3 |
| 2000 | $1.8B | 1,008 | 3 |
| 2001 | $1.4B | 1,021 | 3 |
| 2002 | $1.5B | 1,046 | 3 |
| 2003 | $2.0B | 1,019 | 3 |
| 2004 | $4.3B | 1,129 | 3 |
| 2005 | $5.0B | 1,134 | 3 |
| 2006 | $4.8B | 1,138 | 3 |
| 2007 | $6.1B | 1,134 | 3 |
| 2008 | $8.9B | 1,154 | 3 |
| 2009 | $4.2B | 1,097 | 3 |
| 2010 | $4.9B | 1,080 | 3 |
| 2011 | $6.7B | 1,145 | 3 |
| 2012 | $5.7B | 1,119 | 3 |
| 2013 | $5.1B | 1,103 | 3 |
| 2014 | $5.2B | 1,194 | 3 |
| 2015 | $4.0B | 1,283 | 3 |
| 2016 | $3.4B | 1,154 | 3 |
| 2017 | $4.4B | 1,090 | 3 |
| 2018 | $5.6B | 1,086 | 3 |
| 2019 | $4.6B | 1,098 | 3 |
| 2020 | $4.8B | 1,065 | 3 |
| 2021 | $7.3B | 1,141 | 3 |
| 2022 | $7.0B | 1,108 | 3 |
| 2023 | $5.4B | 1,078 | 3 |
| 2024 | $4.8B | 1,125 | 3 |

## Leading corridors

- Brazil to USA, Puerto Rico and US Virgin Islands: $1.5B; growth +18.8%.
- Ukraine to USA, Puerto Rico and US Virgin Islands: $372.8M; growth -25.1%.
- Russia to Turkey: $341.7M; growth +0.8%.
- Russia to Italy: $318.4M; growth +15%.
- Indonesia to China: $314.5M; growth +72.3%.
- Brazil to Netherlands: $112.0M; growth -3.1%.
- Kazakhstan to Turkey: $95.0M; growth +681.9%.
- South Africa to Italy: $93.4M; growth +23.1%.
- Russia to Taiwan: $60.9M; growth +26.7%.
- France to Belgium: $59.9M; growth +12.9%.

## HS6 products

- Iron: non-alloy pig iron containing by weight 0.5% or less of phosphorus, in pigs, blocks or other primary forms (HS6 720110)
- Iron: non-alloy pig iron containing by weight more than 0.5% of phosphorus, in pigs, blocks or other primary forms (HS6 720120)
- Iron: alloy pig iron, in pigs, blocks or other primary forms (HS6 720130)
- Iron: spiegeleisen, in pigs, blocks or other primary forms (HS6 720140)
- Iron: alloy pig iron, spiegeleisen, in pigs, blocks or other primary forms (HS6 720150)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.