# Iron or steel (other than cast iron) (HS4 7304) Trade Overview | Yugalinks

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Iron or steel (other than cast iron) at HS4 7304, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7304

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## Answer

The iron or steel (other than cast iron) subsector recorded $28.4B in reported global trade in 2024, with -10.3% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $28.4B |
| Latest annual change | -10.3% |
| Active exporters | 181 |
| Active importers | 200 |
| Active HS6 products | 13 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $8.3B | 3,601 | 13 |
| 1996 | $9.2B | 3,670 | 13 |
| 1997 | $9.0B | 3,746 | 13 |
| 1998 | $9.0B | 3,874 | 13 |
| 1999 | $6.7B | 4,003 | 13 |
| 2000 | $7.4B | 4,611 | 13 |
| 2001 | $9.1B | 4,833 | 13 |
| 2002 | $9.3B | 5,029 | 13 |
| 2003 | $9.9B | 5,161 | 13 |
| 2004 | $13.6B | 5,285 | 13 |
| 2005 | $20.6B | 5,644 | 13 |
| 2006 | $27.9B | 5,697 | 13 |
| 2007 | $34.9B | 5,829 | 13 |
| 2008 | $44.0B | 5,956 | 13 |
| 2009 | $29.2B | 6,054 | 13 |
| 2010 | $28.7B | 6,098 | 13 |
| 2011 | $36.8B | 6,434 | 13 |
| 2012 | $38.3B | 6,615 | 13 |
| 2013 | $36.3B | 6,586 | 13 |
| 2014 | $36.6B | 6,812 | 13 |
| 2015 | $26.1B | 6,878 | 13 |
| 2016 | $20.3B | 6,835 | 13 |
| 2017 | $23.1B | 6,750 | 13 |
| 2018 | $26.9B | 7,122 | 13 |
| 2019 | $25.3B | 7,024 | 13 |
| 2020 | $19.6B | 6,632 | 13 |
| 2021 | $21.5B | 6,781 | 13 |
| 2022 | $29.8B | 6,911 | 13 |
| 2023 | $32.2B | 7,072 | 13 |
| 2024 | $28.4B | 6,873 | 13 |

## Leading corridors

- China to United Arab Emirates: $622.5M; growth +39%.
- China to India: $507.3M; growth +4.8%.
- Japan to USA, Puerto Rico and US Virgin Islands: $455.1M; growth +31.7%.
- China to Indonesia: $429.9M; growth +26.1%.
- China to Republic of Korea: $380.1M; growth -2.5%.
- Japan to China: $377.5M; growth +5.4%.
- China to Oman: $361.8M; growth +14.7%.
- China to Thailand: $351.8M; growth +16.1%.
- China to Saudi Arabia: $337.7M; growth +48.3%.
- China to Turkey: $336.4M; growth +27.6%.

## HS6 products

- Iron or steel (other than cast iron): seamless, line pipe of a kind used for oil or gas pipelines (HS6 730410)
- Iron or steel (excluding cast iron): seamless, line pipe of a kind used for oil or gas pipelines, of stainless steel (HS6 730411)
- Iron or steel (excluding cast iron or stainless steel): seamless, line pipe of a kind used for oil or gas pipelines (HS6 730419)
- Iron or steel (other than cast iron): seamless casing, tubing and drill pipe, of a kind used in drilling for oil or gas (HS6 730420)
- Iron or steel: drill pipe, of a kind used in drilling for oil or gas (HS6 730421)
- Steel, stainless: seamless, drill pipe, of a kind used in drilling for oil or gas (HS6 730422)
- Iron or steel (excluding cast iron or stainless steel): seamless, drill pipe, of a kind used in drilling for oil or gas (HS6 730423)
- Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas (HS6 730424)
- Iron or steel: casing and tubing, of a kind used in drilling for oil or gas (HS6 730429)
- Iron or non-alloy steel (excluding cast iron): seamless, cold-drawn or cold-rolled, tubes, pipes and hollow profiles of circular cross-section (HS6 730431)
- Iron or non-alloy steel (excluding cast iron): seamless, (excluding cold-drawn or cold-rolled), tubes, pipes and hollow profiles of circular cross-section (HS6 730439)
- Steel, stainless: cold-drawn or cold-rolled (cold-reduced), tubes and pipes of circular cross-section (HS6 730441)
- Steel, stainless: (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-section (HS6 730449)
- Steel, alloy (not stainless steel): seamless, cold-drawn or cold-rolled (cold-reduced), tubes, pipes and hollow profiles of circular cross-section (HS6 730451)
- Steel, alloy (not stainless steel): (excluding cold-drawn or cold-rolled), tubes, pipes and hollow profiles of circular cross-section (HS6 730459)
- Iron or steel (excluding cast iron): seamless, tubes, pipes and hollow profiles, seamless, n.e.c. in heading no. 7304 (HS6 730490)

## 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.