Iron and steel | Imports and Exports | 2023

In 2023, the world imports of "Iron and steel" exceeded $434 billion (according to external trade statistics of 135 countries). It was $546 billion in the previous year (according to merchandise trade statistics of 140 countries).

There are no trade data (2023) for such importers as Korea (3.46% of the world imports in 2022), Vietnam (2.62%), Nepal (0.204%), Albania (0.096%), Cambodia (0.065%), State of Palestine (0.063%), Mongolia (0.061%), Angola (0.047%), Trinidad and Tobago (0.038%), Rwanda (0.036%), Burundi (0.014%), Lesotho (0.004%), Timor-Leste (0.003%)

Top importers of Iron and steel in 2023

The world's largest importers of this commodity group in 2023:

• China - 8.46% of the world imports ($36 billion)
• USA - 7.62% ($33 billion)
• Germany - 7.32% ($31 billion)
• Italy - 5.84% ($25 billion)
• Turkey - 5.55% ($24 billion)

«Iron and steel» accounted for a substantial share of total imports of

• Djibouti - 10.6% of Djibouti's total imports in 2023 ($566 million of $5.29 billion)
• Turkey - 6.67% ($24 billion of $361 billion)
• Uzbekistan - 5.56% ($2.03 billion of $36 billion)

According to statistics provided by the major importers, the largest flows of imports of «Iron and steel» in 2023:

• Imports to Canada from USA (1.14% of the world imports, $4.96 billion according to external trade statistics of Canada)
• Imports to China from Indonesia (4.17% of the world imports, $18.1 billion according to external trade statistics of China)
• Imports to France from Belgium (0.996% of the world imports, $4.33 billion according to external trade statistics of France)
• Imports to Germany from Belgium (0.937% of the world imports, $4.07 billion according to external trade statistics of Germany)
• Imports to Germany from France (0.889% of the world imports, $3.86 billion according to external trade statistics of Germany)
• Imports to Germany from Italy (0.875% of the world imports, $3.8 billion according to external trade statistics of Germany)
• Imports to Mexico from USA (1.7% of the world imports, $7.41 billion according to external trade statistics of Mexico)
• Imports to Thailand from Japan (1.02% of the world imports, $4.47 billion according to external trade statistics of Thailand)
• Imports to USA from Brazil (1.05% of the world imports, $4.56 billion according to external trade statistics of USA)
• Imports to USA from Canada (1.92% of the world imports, $8.36 billion according to external trade statistics of USA)

In 2023, the world exports of "Iron and steel" exceeded $407 billion (according to external trade statistics of 134 countries). It was $504 billion in the previous year (according to merchandise trade statistics of 138 countries).

There are no trade data (2023) for such exporters as Korea (5.57% of the world exports in 2022), Vietnam (1.62%), Trinidad and Tobago (0.174%), Albania (0.109%), State of Palestine (0.035%), Nepal (0.01%), Rwanda (0.006%), Angola (0.006%), Burundi (0.001%)

Top exporters of Iron and steel in 2023

The world's largest exporters of this commodity group in 2023:

• China - 16.9% of the world exports ($68 billion)
• Germany - 8.03% ($32 billion)
• Japan - 7.47% ($30 billion)
• Indonesia - 6.54% ($26 billion)
• USA - 5.01% ($20 billion)
• Italy - 4.19% ($17.1 billion)

«Iron and steel» accounted for a substantial share of total exports of

• Djibouti - 12.8% of Djibouti's total exports in 2023 ($614 million of $4.78 billion)
• Indonesia - 10.3% ($26 billion of $258 billion)
• Luxembourg - 8.83% ($1.44 billion of $16.3 billion)
• Ukraine - 7.31% ($2.64 billion of $36 billion)
• Seychelles - 7.11% ($38 million of $548 million)
• Finland - 6.98% ($5.76 billion of $82 billion)
• South Africa - 5.86% ($6.48 billion of $110 billion)

According to statistics provided by the major exporters, the largest flows of exports of «Iron and steel» in 2023:

• Exports from Brazil to USA: (1.69% of the world exports, $6.89 billion according to external trade statistics of Brazil)
• Exports from Canada to USA: (2.08% of the world exports, $8.51 billion according to external trade statistics of Canada)
• Exports from China to Korea: (1.54% of the world exports, $6.3 billion according to external trade statistics of China)
• Exports from China to Philippines: (0.934% of the world exports, $3.81 billion according to external trade statistics of China)
• Exports from China to Vietnam: (1.49% of the world exports, $6.07 billion according to external trade statistics of China)
• Exports from Indonesia to China: (4.49% of the world exports, $18.3 billion according to external trade statistics of Indonesia)
• Exports from Japan to Korea: (1.28% of the world exports, $5.23 billion according to external trade statistics of Japan)
• Exports from Japan to Thailand: (1.02% of the world exports, $4.17 billion according to external trade statistics of Japan)
• Exports from USA to Canada: (1.37% of the world exports, $5.61 billion according to external trade statistics of USA)
• Exports from USA to Mexico: (1.67% of the world exports, $6.81 billion according to external trade statistics of USA)