# Iron or non-alloy steel (HS4 7214) Trade Overview | Yugalinks

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Iron or non-alloy steel at HS4 7214, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7214

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## Answer

The iron or non-alloy steel subsector recorded $19.8B in reported global trade in 2024, with -12.4% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $19.8B |
| Latest annual change | -12.4% |
| Active exporters | 158 |
| Active importers | 199 |
| Active HS6 products | 5 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $5.7B | 2,412 | 5 |
| 1996 | $5.0B | 2,429 | 5 |
| 1997 | $4.9B | 2,453 | 5 |
| 1998 | $4.9B | 2,492 | 5 |
| 1999 | $4.8B | 2,695 | 5 |
| 2000 | $4.6B | 3,015 | 5 |
| 2001 | $5.1B | 3,007 | 5 |
| 2002 | $5.3B | 3,136 | 5 |
| 2003 | $7.5B | 3,184 | 5 |
| 2004 | $11.7B | 3,273 | 5 |
| 2005 | $12.4B | 3,400 | 5 |
| 2006 | $16.4B | 3,427 | 5 |
| 2007 | $23.1B | 3,579 | 5 |
| 2008 | $33.4B | 3,734 | 5 |
| 2009 | $15.1B | 3,656 | 5 |
| 2010 | $17.2B | 3,575 | 5 |
| 2011 | $23.4B | 3,565 | 5 |
| 2012 | $23.8B | 3,712 | 5 |
| 2013 | $22.2B | 3,729 | 5 |
| 2014 | $21.0B | 3,744 | 5 |
| 2015 | $16.2B | 3,710 | 5 |
| 2016 | $14.3B | 3,784 | 5 |
| 2017 | $15.3B | 3,736 | 5 |
| 2018 | $19.0B | 3,925 | 5 |
| 2019 | $16.8B | 3,815 | 5 |
| 2020 | $14.7B | 3,580 | 5 |
| 2021 | $24.9B | 3,692 | 5 |
| 2022 | $26.8B | 3,745 | 5 |
| 2023 | $21.4B | 3,835 | 5 |
| 2024 | $19.8B | 3,681 | 5 |

## Leading corridors

- Malaysia to China, Hong Kong Special Administrative Region: $969.0M; growth +531.6%.
- Malaysia to Singapore: $495.8M; growth +266.7%.
- Oman to United Arab Emirates: $410.7M; growth +9.3%.
- China to China, Hong Kong Special Administrative Region: $394.3M; growth +39.9%.
- Turkey to Former Arab Republic of Yemen: $388.1M; growth -11.1%.
- Russia to Kazakhstan: $280.6M; growth -2.9%.
- Germany to Poland: $254.6M; growth +12.4%.
- Viet Nam to Cambodia: $254.5M; growth -3.1%.
- Spain to Portugal: $250.6M; growth +1.6%.
- Italy to Germany: $237.0M; growth -15.6%.

## HS6 products

- Iron or non-alloy steel: bars and rods, forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling (HS6 721410)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling (HS6 721420)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, including those twisted after rolling, of free-cutting steel (HS6 721430)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing by weight less than 0.25% of carbon, including those twisted after rolling (HS6 721440)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing by weight 0.25% or more but less than 0.6% of carbon, including those twisted after rolling (HS6 721450)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing by weight 0.6% or more of carbon, including those twisted after rolling (HS6 721460)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, n.e.c. in heading no. 7214, of rectangular (other than square) cross-section (HS6 721491)
- Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, n.e.c. in heading no. 7214, other than of rectangular cross-section (HS6 721499)

## 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.