# Ferrous products (HS4 7203) Trade Overview | Yugalinks

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Ferrous products at HS4 7203, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7203

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## Answer

The ferrous products subsector recorded $4.5B in reported global trade in 2024, with -10% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $4.5B |
| Latest annual change | -10% |
| Active exporters | 106 |
| Active importers | 150 |
| Active HS6 products | 2 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $557.1M | 561 | 2 |
| 1996 | $574.6M | 569 | 2 |
| 1997 | $459.8M | 620 | 2 |
| 1998 | $384.7M | 517 | 2 |
| 1999 | $393.2M | 603 | 2 |
| 2000 | $521.0M | 642 | 2 |
| 2001 | $649.2M | 631 | 2 |
| 2002 | $751.6M | 734 | 2 |
| 2003 | $975.9M | 757 | 2 |
| 2004 | $1.7B | 787 | 2 |
| 2005 | $1.6B | 877 | 2 |
| 2006 | $1.7B | 833 | 2 |
| 2007 | $1.8B | 892 | 2 |
| 2008 | $3.3B | 950 | 2 |
| 2009 | $1.5B | 919 | 2 |
| 2010 | $2.8B | 955 | 2 |
| 2011 | $3.7B | 931 | 2 |
| 2012 | $3.5B | 980 | 2 |
| 2013 | $3.4B | 1,030 | 2 |
| 2014 | $3.5B | 1,105 | 2 |
| 2015 | $2.0B | 964 | 2 |
| 2016 | $1.8B | 922 | 2 |
| 2017 | $3.1B | 919 | 2 |
| 2018 | $4.2B | 964 | 2 |
| 2019 | $4.3B | 969 | 2 |
| 2020 | $4.1B | 939 | 2 |
| 2021 | $5.6B | 983 | 2 |
| 2022 | $6.1B | 1,034 | 2 |
| 2023 | $4.5B | 1,003 | 2 |
| 2024 | $4.5B | 979 | 2 |

## Leading corridors

- Oman to Saudi Arabia: $689.0M; growth +7.5%.
- Trinidad and Tobago to USA, Puerto Rico and US Virgin Islands: $592.7M; growth -9.2%.
- India to Nepal: $265.6M; growth +36%.
- Pakistan to Oman: $185.1M; growth -4.8%.
- Russia to Italy: $168.0M; growth -22.5%.
- Russia to Turkey: $157.2M; growth +36.7%.
- Russia to India: $136.6M; growth +1,611.2%.
- India to Bangladesh: $121.8M; growth -6.4%.
- USA, Puerto Rico and US Virgin Islands to Austria: $115.6M; growth +8.7%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $112.3M; growth +20.7%.

## HS6 products

- Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms (HS6 720310)
- Ferrous products: spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms (HS6 720390)

## 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.