# Steel (HS4 7324) Trade Overview | Yugalinks

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Steel at HS4 7324, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7324

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## Answer

The steel subsector recorded $4.2B in reported global trade in 2024, with -0.5% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $4.2B |
| Latest annual change | -0.5% |
| Active exporters | 173 |
| Active importers | 199 |
| Active HS6 products | 4 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $876.9M | 3,102 | 4 |
| 1996 | $916.0M | 3,207 | 4 |
| 1997 | $926.3M | 3,240 | 4 |
| 1998 | $923.9M | 3,255 | 4 |
| 1999 | $965.0M | 3,526 | 4 |
| 2000 | $1.0B | 4,126 | 4 |
| 2001 | $1.0B | 4,180 | 4 |
| 2002 | $1.2B | 4,365 | 4 |
| 2003 | $1.4B | 4,539 | 4 |
| 2004 | $1.7B | 4,710 | 4 |
| 2005 | $1.9B | 4,688 | 4 |
| 2006 | $2.2B | 4,768 | 4 |
| 2007 | $2.6B | 4,938 | 4 |
| 2008 | $2.8B | 4,970 | 4 |
| 2009 | $2.2B | 5,019 | 4 |
| 2010 | $2.4B | 5,052 | 4 |
| 2011 | $2.7B | 5,151 | 4 |
| 2012 | $2.7B | 5,228 | 4 |
| 2013 | $3.0B | 5,270 | 4 |
| 2014 | $3.1B | 5,547 | 4 |
| 2015 | $3.0B | 5,545 | 4 |
| 2016 | $2.8B | 5,659 | 4 |
| 2017 | $3.0B | 5,805 | 4 |
| 2018 | $3.2B | 5,853 | 4 |
| 2019 | $3.3B | 5,896 | 4 |
| 2020 | $3.5B | 5,611 | 4 |
| 2021 | $4.3B | 5,676 | 4 |
| 2022 | $4.4B | 5,747 | 4 |
| 2023 | $4.0B | 5,908 | 4 |
| 2024 | $4.2B | 5,840 | 4 |

## Leading corridors

- China to USA, Puerto Rico and US Virgin Islands: $418.7M; growth -9.3%.
- Viet Nam to USA, Puerto Rico and US Virgin Islands: $125.5M; growth +12.7%.
- China to Malaysia: $106.1M; growth +0.2%.
- China to Thailand: $90.2M; growth +9%.
- China to Viet Nam: $89.2M; growth -4%.
- China to Australia: $77.5M; growth -3.3%.
- China to United Kingdom: $73.9M; growth +2.8%.
- China to Germany: $72.6M; growth +2.3%.
- China to Russia: $71.1M; growth +16.9%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $66.6M; growth -6%.

## HS6 products

- Steel: sinks and wash basins, of stainless steel (HS6 732410)
- Cast iron, baths, whether or not enamelled (HS6 732421)
- Iron (other than cast) or steel: baths (HS6 732429)
- Iron or steel: sanitary ware and parts thereof, excluding sinks, wash basins and baths (HS6 732490)

## 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.