Import Export of Iron and Steel - Iron and Steel Industry Trade Data

21 July 2017

Iron and Steel Industry are one of the largest trade industry in the world. Iron and Steel are the key products for global economy. Pure iron is a silvery-white metal that’s easy to work and shape and it conducts electricity and heat very well. Steel is just another type of iron alloy but it has much lower carbon content than cast and other metals. The Iron and Steel HS code is 72. China is the largest iron and steel exporter country while Germany is the largest importer country in the world. Let’s take a comprehensive look at the analysis of five largest importer and exporter countries of Iron and Steel.

5 Largest Iron and Steel Exporting Countries in World

China is the largest Iron and Steel Exporter country in the world. It has recorded the iron and steel export value of USD 43413076 thousand during the year 2016. It is exporting in more than 200 countries across the world. Korea, Vietnam, Thailand and Philippines are its top iron and steel importing countries. China’s exports represent 14.4% of world exports of iron and steel. The most exporting product label under Iron and Steel come under HS code 7228 (other bars and rods of alloy steel other than stainless) and HS code 7210 (flat rolled products of non-alloy steel). Check the following table to know the list of iron and steel exporting countries in the world.

*above stats are based on the report of 2016

Japan stood as second largest iron and steel exporter country which recorded USD 24510778 thousand in the year 2016. As per the Iron and steel trade data, it has registered export value of USD 6891500 thousand In Q1 of 2017. Japan is exporting iron and steel in around 120 countries and China, Korea, Thailand are its top iron and steel importing countries. The most exported products by Japan come under HS code 7208 (Flat rolled products of iron) and HS code 7225 (Flat rolled products of alloy steel other than stainless) respectively.

Germany registered iron and steel export value of USD 21700643 thousand during 2016 and registered USD 6267540 thousand during the first quarter of year 2017. Ferrous waste and scrap, remelting scraps ingots of iron or steel that come under HS code 7204 are the most exported product from Germany in 2016. Germany is exporting in more than 150 countries while France, Netherlands and Italy are its top iron and steel importing countries.

Iron and Steel Importers – Top 5 Countries in World

Germany stood as largest iron and steel importer country in the world. It is importing from around 100 countries and recorded USD 23042657 thousand during the year 2016. Germany’s imports represent 7.5% of world imports for iron and steel. France, Belgium, Italy and Austria are its top iron and steel exporting countries. In Q1 2017, Germany has registered USD 6684545 thousand from iron and steel imports. Refer the table below to check the five largest iron and steel importer countries in the world.

United States of America got the 2^nd rank in the list of top iron and steel importing countries across the world. USA registered iron and steel import value of USD 22509230 thousand in 2016 and USD 6437842 thousand in Q1 2017. There are around 90 iron and steel exporter countries of USA including Canada, Brazil, Korea, Mexico etc. The iron and steel products under HS code 7210 and HS code 7208 are the most imported products in USA during the year 2016.

China recorded iron and steel import value of USD 16859864 thousand in the year 2016. It is importing from more than 90 countries. Japan, Korea, South Africa, Taipei and Indonesia are its top iron and steel exporting countries. China has imported Ferro Alloys under HS code 7202 with the value of USD 4561556 thousand during the year 2016.

How to Get Iron and Steel Import Export Data

Are you looking for Iron and Steel customs data? In case of exporting or importing, you need authentic data to analyse the market with the help of your competitor’s shipments. Export Genius will provide the list of importers and exporters companies in different countries. Here, we are providing the sample of Iron and Steel Trade data of Germany’s Imports during January 2017.

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