# Iron or steel (HS4 7326) Trade Overview | Yugalinks

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Iron or steel at HS4 7326, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7326

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## Answer

The iron or steel subsector recorded $67.3B in reported global trade in 2024, with -2% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $67.3B |
| Latest annual change | -2% |
| Active exporters | 200 |
| Active importers | 200 |
| Active HS6 products | 4 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $10.0B | 5,828 | 4 |
| 1996 | $10.8B | 6,091 | 4 |
| 1997 | $11.3B | 6,173 | 4 |
| 1998 | $12.7B | 6,427 | 4 |
| 1999 | $13.9B | 6,939 | 4 |
| 2000 | $14.8B | 8,293 | 4 |
| 2001 | $14.5B | 8,603 | 4 |
| 2002 | $15.4B | 8,926 | 4 |
| 2003 | $18.1B | 9,228 | 4 |
| 2004 | $21.8B | 9,548 | 4 |
| 2005 | $25.1B | 9,782 | 4 |
| 2006 | $29.5B | 10,194 | 4 |
| 2007 | $36.6B | 10,499 | 4 |
| 2008 | $43.1B | 10,761 | 4 |
| 2009 | $31.6B | 10,933 | 4 |
| 2010 | $35.8B | 11,250 | 4 |
| 2011 | $42.8B | 11,536 | 4 |
| 2012 | $43.6B | 11,864 | 4 |
| 2013 | $45.8B | 12,105 | 4 |
| 2014 | $48.4B | 12,367 | 4 |
| 2015 | $45.0B | 12,337 | 4 |
| 2016 | $44.1B | 12,668 | 4 |
| 2017 | $47.5B | 12,832 | 4 |
| 2018 | $54.5B | 13,127 | 4 |
| 2019 | $53.7B | 13,069 | 4 |
| 2020 | $49.3B | 12,560 | 4 |
| 2021 | $61.9B | 12,993 | 4 |
| 2022 | $67.6B | 13,075 | 4 |
| 2023 | $66.8B | 13,296 | 4 |
| 2024 | $67.3B | 13,156 | 4 |

## Leading corridors

- USA, Puerto Rico and US Virgin Islands to Mexico: $2.8B; growth +10.1%.
- China to USA, Puerto Rico and US Virgin Islands: $2.7B; growth +3.8%.
- Mexico to USA, Puerto Rico and US Virgin Islands: $1.8B; growth +10.2%.
- China to Viet Nam: $1.3B; growth +14%.
- China to Thailand: $1.3B; growth +22.9%.
- Canada to USA, Puerto Rico and US Virgin Islands: $1.0B; growth +7.1%.
- China to Japan: $892.3M; growth -4.3%.
- China to Republic of Korea: $882.0M; growth +1.3%.
- USA, Puerto Rico and US Virgin Islands to Canada: $870.2M; growth +2.9%.
- China to Germany: $838.1M; growth +2.1%.

## HS6 products

- Iron or steel: grinding balls and similar articles for mills, forged or stamped, but not further worked (HS6 732611)
- Iron or steel: articles n.e.s. in item no. 7326.11, forged or stamped, but not further worked (HS6 732619)
- Iron or steel: wire articles (HS6 732620)
- Iron or steel: articles n.e.s. in heading no. 7326 (HS6 732690)

## 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.