Latest trade
$2.4BGlobal subsector valueHS4 subsector intelligence
Iron or steel
HS4 7301 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
-5.2%Latest year on yearExporters
140Active reporting countriesImporters
199Active reporting countriesHS6 products
2Classifications inside HS4The subsector read
$2.4B in trade, with +2.3% annualized growth over three years.
Iron or steel is recorded across 2,956 active corridors, with 140 exporters and 199 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 | ChinaCHN | PhilippinesPHL | $417.8M | +17.8% | 2 | 1,841 km | Yes |
| 2 | LuxembourgLUX | USA, Puerto Rico and US Virgin IslandsUSA | $69.1M | +8.2% | 2 | 6,074 km | No |
| 3 | LuxembourgLUX | GermanyDEU | $54.0M | -7.8% | 2 | 604 km | Yes |
| 4 | PolandPOL | GermanyDEU | $49.5M | +3% | 2 | 518 km | Yes |
| 5 | ChinaCHN | China, Hong Kong Special Administrative RegionHKG | $48.9M | -8.1% | 2 | 1,226 km | Yes |
| 6 | LuxembourgLUX | Saudi ArabiaSAU | $48.2M | +611.6% | 2 | 4,458 km | No |
| 7 | LuxembourgLUX | NetherlandsNLD | $46.4M | -21.4% | 2 | 319 km | Yes |
| 8 | LuxembourgLUX | ItalyITA | $43.2M | +59.7% | 1 | 989 km | Yes |
| 9 | QatarQAT | United Arab EmiratesARE | $37.4M | +170.9% | 2 | 391 km | Yes |
| 10 | JapanJPN | TaiwanTWN | $31.9M | +7.3% | 2 | 2,109 km | No |
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 | ChinaCHN | $784.1M | 168 | 2 |
| 2 | LuxembourgLUX | $508.6M | 64 | 2 |
| 3 | PolandPOL | $110.5M | 67 | 2 |
| 4 | CzechiaCZE | $104.0M | 54 | 2 |
| 5 | NetherlandsNLD | $85.7M | 83 | 2 |
| 6 | GermanyDEU | $69.9M | 97 | 2 |
| 7 | United Arab EmiratesARE | $69.6M | 71 | 2 |
| 8 | USA, Puerto Rico and US Virgin IslandsUSA | $60.0M | 112 | 2 |
| 9 | JapanJPN | $54.0M | 46 | 2 |
| 10 | QatarQAT | $44.5M | 7 | 2 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | PhilippinesPHL | $423.3M | 20 | 2 |
| 2 | GermanyDEU | $198.0M | 50 | 2 |
| 3 | USA, Puerto Rico and US Virgin IslandsUSA | $125.4M | 55 | 2 |
| 4 | NetherlandsNLD | $124.5M | 49 | 2 |
| 5 | Saudi ArabiaSAU | $119.0M | 36 | 2 |
| 6 | United KingdomGBR | $97.8M | 45 | 2 |
| 7 | ItalyITA | $92.1M | 39 | 2 |
| 8 | United Arab EmiratesARE | $73.5M | 45 | 2 |
| 9 | TaiwanTWN | $64.0M | 22 | 2 |
| 10 | FranceFRA | $63.8M | 51 | 2 |
HS6 product coverage
The products inside HS4 7301
Six-digit classifications make the subsector specific. Browse the product workspace ↗
2 classifications shownIron or steel
Iron or steel: sheet piling, whether or not drilled, punched or made from assembled elementsHS6 730110
Iron or steel: angles, shapes and sections, weldedHS6 730120
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.