# Iron or steel (HS4 7306) Trade Overview | Yugalinks

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Iron or steel at HS4 7306, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7306

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## Answer

The iron or steel subsector recorded $25.4B in reported global trade in 2024, with -10.7% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $25.4B |
| Latest annual change | -10.7% |
| Active exporters | 181 |
| Active importers | 200 |
| Active HS6 products | 10 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $7.0B | 3,453 | 10 |
| 1996 | $6.7B | 3,593 | 10 |
| 1997 | $7.1B | 3,706 | 10 |
| 1998 | $7.3B | 3,784 | 10 |
| 1999 | $6.8B | 4,049 | 10 |
| 2000 | $7.7B | 4,612 | 10 |
| 2001 | $7.2B | 4,690 | 10 |
| 2002 | $7.8B | 4,911 | 10 |
| 2003 | $9.3B | 4,958 | 10 |
| 2004 | $13.7B | 5,247 | 10 |
| 2005 | $15.8B | 5,357 | 10 |
| 2006 | $19.8B | 5,433 | 10 |
| 2007 | $23.9B | 5,585 | 10 |
| 2008 | $28.2B | 5,754 | 10 |
| 2009 | $16.6B | 5,771 | 10 |
| 2010 | $20.3B | 5,828 | 10 |
| 2011 | $25.4B | 6,010 | 10 |
| 2012 | $25.5B | 6,184 | 10 |
| 2013 | $24.4B | 6,231 | 10 |
| 2014 | $25.7B | 6,452 | 10 |
| 2015 | $20.5B | 6,425 | 10 |
| 2016 | $18.7B | 6,462 | 10 |
| 2017 | $23.3B | 6,612 | 10 |
| 2018 | $25.3B | 6,768 | 10 |
| 2019 | $22.4B | 6,778 | 10 |
| 2020 | $19.3B | 6,334 | 10 |
| 2021 | $29.0B | 6,414 | 10 |
| 2022 | $33.3B | 6,605 | 10 |
| 2023 | $27.8B | 6,738 | 10 |
| 2024 | $25.4B | 6,579 | 10 |

## Leading corridors

- Canada to USA, Puerto Rico and US Virgin Islands: $1.0B; growth -6.8%.
- Republic of Korea to USA, Puerto Rico and US Virgin Islands: $909.3M; growth -3.1%.
- Italy to Germany: $857.1M; growth -10.4%.
- USA, Puerto Rico and US Virgin Islands to Canada: $632.9M; growth -3.6%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $572.4M; growth +4.7%.
- Italy to France: $469.2M; growth -12.4%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $453.7M; growth +2.6%.
- Italy to Spain: $303.2M; growth -4%.
- Italy to Poland: $276.5M; growth -6.5%.
- Taiwan to USA, Puerto Rico and US Virgin Islands: $274.5M; growth +4.3%.

## HS6 products

- Iron or steel: line pipe of a kind used for oil or gas pipelines, n.e.s. (HS6 730610)
- Steel: stainless: line pipe of a kind used for oil or gas pipelines n.e.c. in chapter 73, welded, (not seamless) (HS6 730611)
- Iron or steel (excluding cast iron): line pipe of a kind used for oil or gas pipelines (other than of stainless steel or seamless), n.e.c. in chapter 73 (HS6 730619)
- Iron or steel: casing and tubing of a kind used in drilling for oil and gas, n.e.s. (HS6 730620)
- Steel, stainless: casing and tubing of a kind used in drilling for oil and gas, n.e.c. in chapter 73, welded, (not seamless) (HS6 730621)
- Iron or steel (excluding cast iron): casing and tubing of a kind used in drilling for oil and gas (other than stainless steel or seamless), n.e.c. in chapter 73 (HS6 730629)
- Iron or non-alloy steel: tubes and pipes, welded, of circular cross-section (HS6 730630)
- Steel, stainless: tubes and pipes, welded, of circular cross-section (HS6 730640)
- Steel, alloy: tubes, pipes and hollow profiles (other than stainless steel or seamless), welded, of circular cross-section, n.e.c. in chapter 73 (HS6 730650)
- Iron or steel: n.e.s. in heading no. 7306, tubes, pipes and hollow profiles, welded, of non-circular cross-section (HS6 730660)
- Iron or steel (excluding cast iron): tubes, pipes and hollow profiles (not seamless), welded, of square or rectangular cross-section, n.e.c. in chapter 73 (HS6 730661)
- Iron or steel (excluding cast iron): tubes, pipes and hollow profiles (not seamless), n.e.c. in chapter 73, welded, of non-circular cross-section (not square or rectangular cross-section) (HS6 730669)
- Iron or steel: tubes, pipes and hollow profiles n.e.s. in heading no. 7306 (HS6 730690)

## 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.