HS4 subsector intelligence

Iron or steel
HS4 7323 trade overview

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

HS4 73231995-2024 coverageStable
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$15.8BGlobal subsector value
02

Annual change

+7.6%Latest year on year
03

Exporters

198Active reporting countries
04

Importers

200Active reporting countries
05

HS6 products

6Classifications inside HS4

The subsector read

$15.8B in trade, with -2.8% annualized growth over three years.

Iron or steel is recorded across 9,786 active corridors, with 198 exporters and 200 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: $3.3B1996: $3.5B1997: $3.6B1998: $3.5B1999: $3.9B2000: $4.2B2001: $4.2B2002: $4.6B2003: $5.2B2004: $5.6B2005: $5.9B2006: $6.5B2007: $7.4B2008: $7.9B2009: $7.0B2010: $8.3B2011: $9.2B2012: $9.5B2013: $10.1B2014: $10.7B2015: $10.6B2016: $10.3B2017: $11.0B2018: $11.6B2019: $12.5B2020: $13.6B2021: $17.2B2022: $16.7B2023: $14.8B2024: $15.8B
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$3.0B-3.7%611,883 kmNo
2ChinaCHNGermanyDEU$523.8M-4.6%68,415 kmNo
3ChinaCHNMalaysiaMYS$400.3M-3.5%63,737 kmYes
4ChinaCHNRepublic of KoreaKOR$364.1M+3.1%6867 kmYes
5ChinaCHNUnited KingdomGBR$311.9M-8.2%69,217 kmNo
6ChinaCHNJapanJPN$311.1M-6.9%61,763 kmNo
7ChinaCHNViet NamVNM$278.8M+1.5%62,732 kmYes
8ChinaCHNSingaporeSGP$277.1M+15.6%63,797 kmYes
9ChinaCHNCanadaCAN$260.0M-4.2%611,441 kmNo
10ChinaCHNThailandTHA$245.2M-6.1%62,887 kmYes

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$10.8B1996
2GermanyDEU$688.4M1706
3IndiaIND$574.6M1786
4FranceFRA$410.3M1766
5ItalyITA$402.8M1716
6TurkeyTUR$339.4M1816
7NetherlandsNLD$217.3M1686
8Viet NamVNM$191.1M1296
9USA, Puerto Rico and US Virgin IslandsUSA$186.4M1676
10PolandPOL$184.7M1316
Top importers2024 ranking
RankCountryImportsPartnersHS6
1USA, Puerto Rico and US Virgin IslandsUSA$3.7B1276
2GermanyDEU$1.1B1086
3FranceFRA$482.1M1426
4Republic of KoreaKOR$458.4M846
5United KingdomGBR$428.7M1036
6NetherlandsNLD$416.0M1126
7MalaysiaMYS$413.4M696
8JapanJPN$392.7M676
9CanadaCAN$389.7M1246
10PolandPOL$383.2M936

HS6 product coverage

The products inside HS4 7323

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

6 classifications shownIron or steel
01
Iron or steel: wool, pot scourers and scouring or polishing pads, gloves and the likeHS6 732310
02
Cast iron: table, kitchen and other household articles and parts thereof, of cast iron, not enamelledHS6 732391
03
Cast iron: table, kitchen and other household articles and parts thereof, of cast iron, enamelledHS6 732392
04
Steel, stainless: table, kitchen and other household articles and parts thereofHS6 732393
05
Iron (excluding cast) or steel: table, kitchen and other household articles and parts thereof, enamelledHS6 732394
06
Iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.s. in heading no. 7323HS6 732399

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.