Latest trade
$4.5BGlobal subsector valueHS4 subsector intelligence
Ferrous products
HS4 7203 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-10%Latest year on yearExporters
106Active reporting countriesImporters
150Active reporting countriesHS6 products
2Classifications inside HS4The subsector read
$4.5B in trade, with -7.1% annualized growth over three years.
Ferrous products is recorded across 979 active corridors, with 106 exporters and 150 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | OmanOMN | Saudi ArabiaSAU | $689.0M | +7.5% | 1 | 1,213 km | Yes |
| 2 | Trinidad and TobagoTTO | USA, Puerto Rico and US Virgin IslandsUSA | $592.7M | -9.2% | 1 | 3,549 km | No |
| 3 | IndiaIND | NepalNPL | $265.6M | +36% | 2 | 803 km | Yes |
| 4 | PakistanPAK | OmanOMN | $185.1M | -4.8% | 1 | 874 km | No |
| 5 | RussiaRUS | ItalyITA | $168.0M | -22.5% | 2 | 2,381 km | No |
| 6 | RussiaRUS | TurkeyTUR | $157.2M | +36.7% | 1 | 1,757 km | No |
| 7 | RussiaRUS | IndiaIND | $136.6M | +1,611.2% | 1 | 4,341 km | No |
| 8 | IndiaIND | BangladeshBGD | $121.8M | -6.4% | 2 | 1,427 km | Yes |
| 9 | USA, Puerto Rico and US Virgin IslandsUSA | AustriaAUT | $115.6M | +8.7% | 2 | 6,814 km | No |
| 10 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $112.3M | +20.7% | 2 | 3,359 km | Yes |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | RussiaRUS | $941.5M | 19 | 2 |
| 2 | OmanOMN | $706.1M | 8 | 2 |
| 3 | Trinidad and TobagoTTO | $597.8M | 2 | 2 |
| 4 | IndiaIND | $451.6M | 42 | 2 |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | $421.5M | 55 | 2 |
| 6 | MalaysiaMYS | $232.2M | 17 | 2 |
| 7 | PakistanPAK | $185.1M | 5 | 2 |
| 8 | LibyaLBY | $148.4M | 15 | 2 |
| 9 | BahrainBHR | $113.6M | 8 | 2 |
| 10 | VenezuelaVEN | $97.0M | 7 | 2 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | Saudi ArabiaSAU | $900.0M | 21 | 2 |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | $602.1M | 21 | 2 |
| 3 | TurkeyTUR | $300.0M | 12 | 2 |
| 4 | NepalNPL | $265.7M | 2 | 2 |
| 5 | OmanOMN | $253.4M | 10 | 2 |
| 6 | ItalyITA | $241.7M | 29 | 2 |
| 7 | GermanyDEU | $175.2M | 34 | 2 |
| 8 | Viet NamVNM | $171.4M | 7 | 2 |
| 9 | IndiaIND | $163.7M | 18 | 2 |
| 10 | MexicoMEX | $132.8M | 14 | 2 |
HS6 product coverage
The products inside HS4 7203
Six-digit classifications make the subsector specific. Browse the product workspace ↗
2 classifications shownFerrous products
Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar formsHS6 720310
Ferrous products: spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar formsHS6 720390
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.