# Iron or steel (HS4 7317) Trade Overview | Yugalinks

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Iron or steel at HS4 7317, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7317

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## Answer

The iron or steel subsector recorded $3.1B in reported global trade in 2024, with -2.4% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $3.1B |
| Latest annual change | -2.4% |
| Active exporters | 168 |
| Active importers | 199 |
| Active HS6 products | 1 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $879.1M | 3,081 | 1 |
| 1996 | $910.2M | 3,163 | 1 |
| 1997 | $952.4M | 3,240 | 1 |
| 1998 | $976.6M | 3,174 | 1 |
| 1999 | $1.0B | 3,402 | 1 |
| 2000 | $1.1B | 4,113 | 1 |
| 2001 | $1.0B | 4,083 | 1 |
| 2002 | $1.2B | 4,352 | 1 |
| 2003 | $1.4B | 4,359 | 1 |
| 2004 | $2.0B | 4,498 | 1 |
| 2005 | $2.1B | 4,624 | 1 |
| 2006 | $2.2B | 4,656 | 1 |
| 2007 | $2.4B | 4,752 | 1 |
| 2008 | $2.9B | 4,836 | 1 |
| 2009 | $1.9B | 5,000 | 1 |
| 2010 | $2.1B | 4,954 | 1 |
| 2011 | $2.5B | 5,053 | 1 |
| 2012 | $2.5B | 5,117 | 1 |
| 2013 | $2.6B | 5,099 | 1 |
| 2014 | $2.7B | 5,205 | 1 |
| 2015 | $2.6B | 5,234 | 1 |
| 2016 | $2.3B | 5,187 | 1 |
| 2017 | $2.5B | 5,257 | 1 |
| 2018 | $3.1B | 5,379 | 1 |
| 2019 | $2.9B | 5,271 | 1 |
| 2020 | $2.9B | 4,988 | 1 |
| 2021 | $3.8B | 5,141 | 1 |
| 2022 | $4.4B | 5,106 | 1 |
| 2023 | $3.2B | 5,168 | 1 |
| 2024 | $3.1B | 5,065 | 1 |

## Leading corridors

- China to USA, Puerto Rico and US Virgin Islands: $246.9M; growth -11.1%.
- Oman to USA, Puerto Rico and US Virgin Islands: $112.9M; growth -8%.
- India to USA, Puerto Rico and US Virgin Islands: $86.2M; growth +21.4%.
- Thailand to USA, Puerto Rico and US Virgin Islands: $83.3M; growth +5.5%.
- China to Canada: $79.3M; growth -8.5%.
- China to Japan: $72.1M; growth -11.6%.
- Lithuania to USA, Puerto Rico and US Virgin Islands: $66.9M; growth +30.6%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $64.1M; growth +5.5%.
- Canada to USA, Puerto Rico and US Virgin Islands: $61.8M; growth -7.8%.
- Taiwan to USA, Puerto Rico and US Virgin Islands: $46.9M; growth -15.4%.

## HS6 products

- 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 copper (HS6 731700)

## 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.