Australia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Australia totalled $ 1.5 billion in 2023. Sales of commodity group 72 from Australia decreased by 2.31% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 35 million (cumulative exports of commodity group 72 from Australia amounted $1.54 billion in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 0.407% of total exports from Australia (cumulative merchandise exports from Australia totalled $ 369 billion in 2023). The share of commodity group 72 in total exports from Australia increased by 0.032 p.p. compared to 2022 (it was 0.375% in 2022 and cumulative exports from Australia were equal to $ 410 billion).
Where does Australia export Iron and steel?
Top export destinations of "Iron and steel" from Australia in 2023:
- Bangladesh with a share of 17.4% (262 million US$)
- USA with a share of 15.7% (237 million US$)
- Vietnam with a share of 10% (151 million US$)
- India with a share of 8.92% (134 million US$)
- Indonesia with a share of 7.83% (117 million US$)
- Italy with a share of 5.59% (84 million US$)
- Other Asia, nes with a share of 4.93% (74 million US$)
- New Zealand with a share of 4.1% (61 million US$)
- Thailand with a share of 4.02% (60 million US$)
- United Arab Emirates with a share of 4% (60 million US$)
Exports structure of 72 - Iron and steel - from Australia in 2023 represented by the following main commodity groups:
- 56% (848 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 19.1% (288 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 13.4% (202 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 2.62% (39 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 2.44% (36 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 1.99% (30 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 1.18% (17.8 million US$): 7215 - Other bars and rods of iron or non-alloy steel
- 0.47% (7.09 million US$): 7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
- 0.432% (6.51 million US$): 7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
- 0.309% (4.66 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
The value of imports of commodity group 72 "Iron and steel" to Australia totalled $ 1.92 billion in 2023. Sales of commodity group 72 to Australia decreased by 22% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 568 million (the value of imports of commodity group 72 to Australia was equal to $2.49 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 0.668% of total import flow to Australia (in 2023, total imports to Australia amounted to $ 287 billion). The share of commodity group 72 in total imports to Australia decreased by 0.137 p.p. compared to 2022 (it was 0.805% in 2022 and cumulative imports to Australia were equal to $ 309 billion).
Where does Australia import Iron and steel from?
Top trading partners (import of "Iron and steel") of Australia in 2023:
- Areas, nes with a share of 41% (795 million US$)
- China with a share of 16.4% (315 million US$)
- Korea with a share of 5.54% (106 million US$)
- Other Asia, nes with a share of 4.94% (95 million US$)
- Vietnam with a share of 3.52% (67 million US$)
- Indonesia with a share of 2.74% (52 million US$)
- India with a share of 2.48% (47 million US$)
- Japan with a share of 2.34% (45 million US$)
- New Zealand with a share of 2.32% (44 million US$)
- Sweden with a share of 2.31% (44 million US$)
Imports structure of 72 - Iron and steel - to Australia in 2023 represented by the following main commodity groups:
- 18.5% (357 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 12.2% (236 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 11.9% (229 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 9.1% (175 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 8.77% (168 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 6.85% (131 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 6.12% (117 million US$): 7217 - Wire of iron or non-alloy steel
- 4.27% (82 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 4.17% (80 million US$): 7202 - Ferro-alloys.
- 3.45% (66 million US$): 7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
