# Iron or steel (HS4 7308) Trade Overview | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
> [Follow Yugalinks on LinkedIn](https://in.linkedin.com/company/yugalinks)

Iron or steel at HS4 7308, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7308

## Explore Yugalinks

- [Open the trade workspace](https://www.yugalinks.com/app)
- [Read the methodology](https://www.yugalinks.com/methodology)
- [Review data sources](https://www.yugalinks.com/data-sources)
- [Check data coverage](https://www.yugalinks.com/data-coverage)
- [Read Responsible AI principles](https://www.yugalinks.com/responsible-ai)

## Answer

The iron or steel subsector recorded $68.8B in reported global trade in 2024, with +3% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $68.8B |
| Latest annual change | +3% |
| Active exporters | 194 |
| Active importers | 199 |
| Active HS6 products | 5 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $8.9B | 4,465 | 5 |
| 1996 | $8.6B | 4,617 | 5 |
| 1997 | $9.5B | 4,811 | 5 |
| 1998 | $9.3B | 4,916 | 5 |
| 1999 | $10.2B | 5,309 | 5 |
| 2000 | $9.9B | 5,844 | 5 |
| 2001 | $10.5B | 6,095 | 5 |
| 2002 | $11.5B | 6,264 | 5 |
| 2003 | $13.2B | 6,352 | 5 |
| 2004 | $16.9B | 6,686 | 5 |
| 2005 | $20.4B | 6,863 | 5 |
| 2006 | $26.6B | 7,190 | 5 |
| 2007 | $35.1B | 7,416 | 5 |
| 2008 | $45.9B | 7,545 | 5 |
| 2009 | $38.3B | 7,586 | 5 |
| 2010 | $35.7B | 7,821 | 5 |
| 2011 | $42.3B | 7,975 | 5 |
| 2012 | $44.8B | 8,190 | 5 |
| 2013 | $47.1B | 8,133 | 5 |
| 2014 | $48.2B | 8,461 | 5 |
| 2015 | $45.8B | 8,613 | 5 |
| 2016 | $43.2B | 8,538 | 5 |
| 2017 | $46.0B | 8,741 | 5 |
| 2018 | $49.5B | 8,858 | 5 |
| 2019 | $50.2B | 8,806 | 5 |
| 2020 | $46.6B | 8,332 | 5 |
| 2021 | $57.7B | 8,539 | 5 |
| 2022 | $64.6B | 8,531 | 5 |
| 2023 | $65.9B | 8,573 | 5 |
| 2024 | $68.8B | 8,579 | 5 |

## Leading corridors

- Canada to USA, Puerto Rico and US Virgin Islands: $1.7B; growth +5.9%.
- China to Republic of Korea: $1.7B; growth +30.3%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $1.7B; growth +8.9%.
- China to Japan: $1.3B; growth +0.5%.
- China to USA, Puerto Rico and US Virgin Islands: $1.2B; growth +3.2%.
- Poland to Germany: $1.0B; growth +0.3%.
- China to Australia: $932.2M; growth +1.1%.
- China to Indonesia: $818.0M; growth +17.9%.
- China to Thailand: $786.8M; growth +28.1%.
- China to China, Hong Kong Special Administrative Region: $776.4M; growth +5.4%.

## HS6 products

- Iron or steel: structures and parts thereof, bridges and bridge-sections (HS6 730810)
- Iron or steel: structures and parts thereof, towers and lattice masts (HS6 730820)
- Iron or steel: structures and parts thereof, doors, windows and their frames and thresholds for doors (HS6 730830)
- Iron or steel: structures and parts thereof, props and similar equipment for scaffolding, shuttering or pit-propping (HS6 730840)
- Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 (HS6 730890)

## 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.

## Continue your research

- [Explore HS4 7308 in the workspace](https://www.yugalinks.com/app?hs=7308)
- [Open the Yugalinks workspace](https://www.yugalinks.com/app)

## Other formats

- [HTML](https://www.yugalinks.com/trade/sector/hs4/7308/index.html)
- [JSON](https://www.yugalinks.com/trade/sector/hs4/7308/index.json)
- [JSON-LD](https://www.yugalinks.com/trade/sector/hs4/7308/index.ld.json)


## Continue your research

- [Explore HS4 7308 in the workspace](https://www.yugalinks.com/app?hs=7308)
- [Open the Yugalinks workspace](https://www.yugalinks.com/app)

## 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.