HS 72HS chapter
Iron and steel
Global trade in iron and steel during 2023, with the top exporting and importing countries. Sourced from CEPII BACI.
$176.44B
Reported exports (2023)
$138.03B
Reported imports (2023)
50
Exporting countries
Global merchandise trade in iron and steel totaled approximately $176.44 billion in reported exports during 2023, with 50 countries acting as exporters in CEPII BACI. Indonesia led the field with $25.48 billion in exports — 14.4% of the global market.
This page aggregates every HS6 product line within HS chapter 72. Country-level numbers reflect the sum of all subcategories that BACI reports. See methodology for caveats around mirror reconciliation and known data limitations, or data sources for the underlying CEPII BACI release.
Top exporters
1
Indonesia
Indonesia$25.48B
14.4%
2
Russian Federation
Russian Federation$12.01B
6.8%
3
China
China$11.31B
6.4%
4
Rep. of Korea
Rep. of Korea$10.53B
6.0%
5
Brazil
Brazil$10.03B
5.7%
6
Japan
Japan$9.71B
5.5%
7
Belgium
Belgium$5.87B
3.3%
8
USA
USA$5.65B
3.2%
9
South Africa
South Africa$5.48B
3.1%
10
Finland
Finland$4.44B
2.5%
11
Oman
Oman$4.39B
2.5%
12
Kazakhstan
Kazakhstan$4.20B
2.4%
13
India
India$3.64B
2.1%
14
Other Asia, nes
Other Asia, nes$3.15B
1.8%
15
Netherlands
Netherlands$2.94B
1.7%
16
Malaysia
Malaysia$2.83B
1.6%
17
Austria
Austria$2.79B
1.6%
18
Türkiye
Türkiye$2.74B
1.6%
19
France
France$2.65B
1.5%
20
United Kingdom
United Kingdom$2.56B
1.4%
21
Ukraine
Ukraine$2.27B
1.3%
22
Sweden
Sweden$2.21B
1.3%
23
Egypt
Egypt$2.01B
1.1%
24
Viet Nam
Viet Nam$1.92B
1.1%
25
Slovakia
Slovakia$1.89B
1.1%
Top importers
1China
China$19.80B
14.3%
2Türkiye
Türkiye$14.63B
10.6%
3India
India$7.03B
5.1%
4Viet Nam
Viet Nam$6.51B
4.7%
5
Italy
Italy$5.28B
3.8%
6Indonesia
Indonesia$4.80B
3.5%
7
Thailand
Thailand$4.61B
3.3%
8Other Asia, nes
Other Asia, nes$4.49B
3.3%
9Rep. of Korea
Rep. of Korea$4.37B
3.2%
10Belgium
Belgium$3.70B
2.7%
11
Saudi Arabia
Saudi Arabia$2.55B
1.8%
12
Poland
Poland$2.39B
1.7%
13
China, Hong Kong SAR
China, Hong Kong SAR$2.28B
1.7%
14
Bangladesh
Bangladesh$2.20B
1.6%
15Egypt
Egypt$2.18B
1.6%
16
Philippines
Philippines$2.08B
1.5%
17
Pakistan
Pakistan$2.03B
1.5%
18
Mexico
Mexico$1.99B
1.4%
19
Portugal
Portugal$1.82B
1.3%
20
United Arab Emirates
United Arab Emirates$1.71B
1.2%
21
Israel
Israel$1.56B
1.1%
22
Spain
Spain$1.43B
1.0%
23
Romania
Romania$1.28B
0.9%
24
Uzbekistan
Uzbekistan$1.21B
0.9%
25
Mozambique
Mozambique$1.16B
0.8%