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Where does Australia get its steel? Import sources 2024

In 2024, Australia imported $1.6 billion of steel (1.7 million tonnes), 0.5% of the world total. Its main sources were China (25%), South Korea (15%) and Taiwan (12%). Australia was the world’s 45th-largest importer of steel.

Summary

Value
$1.6billion
Tonnes
1.7million tonnes
Share of world total
0.5%
World rank
45th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China418Tonnes: 414,061USD per tonne: $1,00925.4%Sea
South Korea248Tonnes: 289,547USD per tonne: $85715.1%Sea
Taiwan195Tonnes: 183,940USD per tonne: $1,05911.8%Sea
Malaysia85.8Tonnes: 114,905USD per tonne: $7465.2%Sea
Vietnam79.3Tonnes: 89,252USD per tonne: $8884.8%Sea
Indonesia68.5Tonnes: 106,288USD per tonne: $6454.2%Sea
Turkey63Tonnes: 99,845USD per tonne: $6313.8%Sea
Singapore re-exports50.5Tonnes: 62,623USD per tonne: $8073.1%Sea
Oman46.4Tonnes: 75,220USD per tonne: $6172.8%Sea
Thailand42.7Tonnes: 49,833USD per tonne: $8572.6%Sea
Sweden42.5Tonnes: 10,206USD per tonne: $4,1622.6%Sea
India41.3Tonnes: 16,580USD per tonne: $2,4942.5%Sea
Japan40Tonnes: 33,015USD per tonne: $1,2122.4%Sea
Italy39.8Tonnes: 38,897USD per tonne: $1,0212.4%Sea
Kazakhstan26.2Tonnes: 41,270USD per tonne: $6351.6%Sea
Germany23.7Tonnes: 14,299USD per tonne: $1,6601.4%Sea
Finland21.5Tonnes: 10,281USD per tonne: $2,0921.3%Sea
United States14.8Tonnes: 4,393USD per tonne: $3,3600.9%Sea
Spain12Tonnes: 7,697USD per tonne: $1,5550.73%Sea
United Kingdom11.8Tonnes: 2,808USD per tonne: $3,9350.72%Sea

Trend

Who it buys from

China has been its main source since 2023

Value in USD millions. The five largest sources in 2024.

  • China 418
  • South Korea 248
  • Taiwan 195
  • Malaysia 85.8
  • Vietnam 79.3

Source: CEPII BACI

Show the numbers
Partner19952024
China25.2418
South Korea54.3248
Taiwan6.4195
Malaysia4.385.8
Vietnam079.3

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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