# Iron or steel (HS4 7320) Trade Overview | Yugalinks

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Iron or steel at HS4 7320, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7320

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## Answer

The iron or steel subsector recorded $8.1B in reported global trade in 2024, with +1% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $8.1B |
| Latest annual change | +1% |
| Active exporters | 182 |
| Active importers | 198 |
| Active HS6 products | 3 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $2.1B | 3,388 | 3 |
| 1996 | $2.2B | 3,531 | 3 |
| 1997 | $2.2B | 3,540 | 3 |
| 1998 | $2.4B | 3,598 | 3 |
| 1999 | $2.7B | 3,915 | 3 |
| 2000 | $2.8B | 5,235 | 3 |
| 2001 | $2.6B | 5,394 | 3 |
| 2002 | $2.8B | 5,591 | 3 |
| 2003 | $3.3B | 5,702 | 3 |
| 2004 | $3.9B | 5,895 | 3 |
| 2005 | $4.5B | 6,163 | 3 |
| 2006 | $4.9B | 6,436 | 3 |
| 2007 | $5.6B | 6,678 | 3 |
| 2008 | $6.1B | 6,758 | 3 |
| 2009 | $4.3B | 6,929 | 3 |
| 2010 | $5.6B | 7,017 | 3 |
| 2011 | $6.6B | 7,383 | 3 |
| 2012 | $6.5B | 7,700 | 3 |
| 2013 | $6.7B | 7,518 | 3 |
| 2014 | $7.0B | 7,818 | 3 |
| 2015 | $6.3B | 7,923 | 3 |
| 2016 | $6.4B | 8,056 | 3 |
| 2017 | $6.8B | 8,151 | 3 |
| 2018 | $7.5B | 8,225 | 3 |
| 2019 | $7.1B | 8,431 | 3 |
| 2020 | $6.3B | 8,143 | 3 |
| 2021 | $7.9B | 8,407 | 3 |
| 2022 | $7.8B | 8,405 | 3 |
| 2023 | $8.0B | 8,574 | 3 |
| 2024 | $8.1B | 8,471 | 3 |

## Leading corridors

- Mexico to USA, Puerto Rico and US Virgin Islands: $747.4M; growth +6.3%.
- USA, Puerto Rico and US Virgin Islands to Mexico: $382.9M; growth +3.5%.
- Germany to Poland: $145.5M; growth -2.7%.
- USA, Puerto Rico and US Virgin Islands to Canada: $137.0M; growth +1.3%.
- Canada to USA, Puerto Rico and US Virgin Islands: $132.5M; growth -0.9%.
- Germany to China: $123.1M; growth -6.9%.
- Germany to Czechia: $111.7M; growth -5.3%.
- China to USA, Puerto Rico and US Virgin Islands: $105.2M; growth -9.1%.
- Japan to USA, Puerto Rico and US Virgin Islands: $101.3M; growth +5.4%.
- Germany to USA, Puerto Rico and US Virgin Islands: $94.5M; growth -7.4%.

## HS6 products

- Iron or steel: leaf-springs and leaves therefor (HS6 732010)
- Iron or steel: helical springs and leaves for springs (HS6 732020)
- Iron or steel: springs n.e.c. in heading no. 7320 (HS6 732090)

## 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.