# Steel, alloy (HS4 7224) Trade Overview | Yugalinks

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Steel, alloy at HS4 7224, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7224

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## Answer

The steel, alloy subsector recorded $4.1B in reported global trade in 2024, with -13.4% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $4.1B |
| Latest annual change | -13.4% |
| Active exporters | 100 |
| Active importers | 163 |
| Active HS6 products | 2 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $726.2M | 938 | 2 |
| 1996 | $690.2M | 951 | 2 |
| 1997 | $857.3M | 991 | 2 |
| 1998 | $924.8M | 935 | 2 |
| 1999 | $796.9M | 1,041 | 2 |
| 2000 | $1.1B | 1,096 | 2 |
| 2001 | $930.2M | 1,165 | 2 |
| 2002 | $910.5M | 1,128 | 2 |
| 2003 | $1.1B | 1,147 | 2 |
| 2004 | $1.7B | 1,192 | 2 |
| 2005 | $2.5B | 1,283 | 2 |
| 2006 | $2.8B | 1,255 | 2 |
| 2007 | $3.8B | 1,368 | 2 |
| 2008 | $5.3B | 1,384 | 2 |
| 2009 | $1.7B | 1,275 | 2 |
| 2010 | $2.7B | 1,374 | 2 |
| 2011 | $4.7B | 1,371 | 2 |
| 2012 | $3.9B | 1,455 | 2 |
| 2013 | $3.3B | 1,489 | 2 |
| 2014 | $4.4B | 1,515 | 2 |
| 2015 | $3.4B | 1,494 | 2 |
| 2016 | $3.3B | 1,433 | 2 |
| 2017 | $3.5B | 1,502 | 2 |
| 2018 | $4.4B | 1,654 | 2 |
| 2019 | $3.7B | 1,604 | 2 |
| 2020 | $2.6B | 1,483 | 2 |
| 2021 | $4.7B | 1,493 | 2 |
| 2022 | $4.7B | 1,517 | 2 |
| 2023 | $4.9B | 1,554 | 2 |
| 2024 | $4.1B | 1,457 | 2 |

## Leading corridors

- Brazil to USA, Puerto Rico and US Virgin Islands: $666.8M; growth +3%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $446.9M; growth -4.6%.
- Romania to USA, Puerto Rico and US Virgin Islands: $191.0M; growth +8.8%.
- India to United Kingdom: $126.9M; growth +353.7%.
- Germany to France: $102.2M; growth +13.2%.
- Austria to Italy: $86.5M; growth +0.6%.
- Japan to Thailand: $82.8M; growth -7.6%.
- Argentina to Canada: $82.6M; growth -10%.
- Canada to USA, Puerto Rico and US Virgin Islands: $77.2M; growth +3.8%.
- Viet Nam to Taiwan: $71.0M; growth +120.7%.

## HS6 products

- Steel, alloy: ingots and other primary forms (HS6 722410)
- Steel, alloy: semi-finished products (HS6 722490)

## 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.