Latest trade
$4.2BGlobal subsector valueHS4 subsector intelligence
Steel
HS4 7324 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-0.5%Latest year on yearExporters
173Active reporting countriesImporters
199Active reporting countriesHS6 products
4Classifications inside HS4The subsector read
$4.2B in trade, with -0.9% annualized growth over three years.
Steel is recorded across 5,840 active corridors, with 173 exporters and 199 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
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
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | ChinaCHN | USA, Puerto Rico and US Virgin IslandsUSA | $418.7M | -9.3% | 4 | 11,883 km | No |
| 2 | Viet NamVNM | USA, Puerto Rico and US Virgin IslandsUSA | $125.5M | +12.7% | 4 | 14,306 km | No |
| 3 | ChinaCHN | MalaysiaMYS | $106.1M | +0.2% | 4 | 3,737 km | Yes |
| 4 | ChinaCHN | ThailandTHA | $90.2M | +9% | 4 | 2,887 km | Yes |
| 5 | ChinaCHN | Viet NamVNM | $89.2M | -4% | 4 | 2,732 km | Yes |
| 6 | ChinaCHN | AustraliaAUS | $77.5M | -3.3% | 4 | 8,024 km | Yes |
| 7 | ChinaCHN | United KingdomGBR | $73.9M | +2.8% | 4 | 9,217 km | No |
| 8 | ChinaCHN | GermanyDEU | $72.6M | +2.3% | 4 | 8,415 km | No |
| 9 | ChinaCHN | RussiaRUS | $71.1M | +16.9% | 4 | 6,831 km | No |
| 10 | MexicoMEX | USA, Puerto Rico and US Virgin IslandsUSA | $66.6M | -6% | 3 | 3,359 km | Yes |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $2.3B | 199 | 4 |
| 2 | GermanyDEU | $347.2M | 164 | 4 |
| 3 | ItalyITA | $152.7M | 159 | 4 |
| 4 | Viet NamVNM | $135.1M | 80 | 4 |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | $102.7M | 152 | 4 |
| 6 | TurkeyTUR | $88.4M | 161 | 4 |
| 7 | TaiwanTWN | $87.4M | 124 | 4 |
| 8 | MexicoMEX | $81.6M | 76 | 4 |
| 9 | SpainESP | $67.6M | 151 | 4 |
| 10 | PortugalPRT | $52.7M | 132 | 4 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $809.9M | 76 | 4 |
| 2 | GermanyDEU | $226.9M | 73 | 4 |
| 3 | United KingdomGBR | $150.6M | 62 | 4 |
| 4 | CanadaCAN | $124.1M | 65 | 4 |
| 5 | MalaysiaMYS | $116.8M | 39 | 4 |
| 6 | FranceFRA | $116.7M | 75 | 4 |
| 7 | NetherlandsNLD | $103.4M | 63 | 4 |
| 8 | AustraliaAUS | $97.1M | 49 | 4 |
| 9 | Viet NamVNM | $94.6M | 39 | 4 |
| 10 | ThailandTHA | $92.7M | 39 | 4 |
HS6 product coverage
The products inside HS4 7324
Six-digit classifications make the subsector specific. Browse the product workspace ↗
4 classifications shownSteel
Steel: sinks and wash basins, of stainless steelHS6 732410
Cast iron, baths, whether or not enamelledHS6 732421
Iron (other than cast) or steel: bathsHS6 732429
Iron or steel: sanitary ware and parts thereof, excluding sinks, wash basins and bathsHS6 732490
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
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.