HS4 subsector intelligence

Iron or steel
HS4 7317 trade overview

A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.

HS4 73171995-2024 coverageDeclining
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$3.1BGlobal subsector value
02

Annual change

-2.4%Latest year on year
03

Exporters

168Active reporting countries
04

Importers

199Active reporting countries
05

HS6 products

1Classifications inside HS4

The subsector read

$3.1B in trade, with -6.7% annualized growth over three years.

Iron or steel is recorded across 5,065 active corridors, with 168 exporters and 199 importers.

Annual trend

Subsector momentum over time

Reported global trade from 1995 to 2024. Read the methodology ↗

Annual subsector tradeReported global trade from 1995 to 2024.1995: $879.1M1996: $910.2M1997: $952.4M1998: $976.6M1999: $1.0B2000: $1.1B2001: $1.0B2002: $1.2B2003: $1.4B2004: $2.0B2005: $2.1B2006: $2.2B2007: $2.4B2008: $2.9B2009: $1.9B2010: $2.1B2011: $2.5B2012: $2.5B2013: $2.6B2014: $2.7B2015: $2.6B2016: $2.3B2017: $2.5B2018: $3.1B2019: $2.9B2020: $2.9B2021: $3.8B2022: $4.4B2023: $3.2B2024: $3.1B
Reported global trade by year.

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
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1ChinaCHNUSA, Puerto Rico and US Virgin IslandsUSA$246.9M-11.1%111,883 kmNo
2OmanOMNUSA, Puerto Rico and US Virgin IslandsUSA$112.9M-8%111,367 kmYes
3IndiaINDUSA, Puerto Rico and US Virgin IslandsUSA$86.2M+21.4%111,771 kmNo
4ThailandTHAUSA, Puerto Rico and US Virgin IslandsUSA$83.3M+5.5%113,951 kmNo
5ChinaCHNCanadaCAN$79.3M-8.5%111,441 kmNo
6ChinaCHNJapanJPN$72.1M-11.6%11,763 kmNo
7LithuaniaLTUUSA, Puerto Rico and US Virgin IslandsUSA$66.9M+30.6%16,970 kmNo
8MexicoMEXUSA, Puerto Rico and US Virgin IslandsUSA$64.1M+5.5%13,359 kmYes
9CanadaCANUSA, Puerto Rico and US Virgin IslandsUSA$61.8M-7.8%1556 kmYes
10TaiwanTWNUSA, Puerto Rico and US Virgin IslandsUSA$46.9M-15.4%112,555 kmNo

Market structure

Where supply and demand concentrate

Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1ChinaCHN$1.4B1971
2OmanOMN$117.5M411
3GermanyDEU$116.7M1541
4PolandPOL$100.9M1021
5IndiaIND$98.5M1421
6Switzerland, LiechtensteinCHE$98.0M1451
7ThailandTHA$89.8M721
8LithuaniaLTU$81.2M471
9MexicoMEX$71.2M651
10TaiwanTWN$69.7M1301
Top importers2024 ranking
RankCountryImportsPartnersHS6
1USA, Puerto Rico and US Virgin IslandsUSA$1.1B721
2CanadaCAN$131.7M591
3GermanyDEU$108.2M691
4United KingdomGBR$103.7M571
5JapanJPN$83.4M391
6FranceFRA$78.6M711
7NetherlandsNLD$57.8M581
8ItalyITA$46.8M521
9RussiaRUS$45.0M291
10AustraliaAUS$39.8M391

HS6 product coverage

The products inside HS4 7317

Six-digit classifications make the subsector specific. Browse the product workspace ↗

1 classifications shownIron or steel
01
Iron or steel: nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, with heads of other material or not, but excluding articles with heads of copperHS6 731700

Definitions and coverage

Read the numbers with context

Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations.

03

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.