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Who buys Taiwan’s steel? Export destinations 2024

In 2024, Taiwan exported $8.3 billion of steel (8 million tonnes), 2.4% of the world total. Its main destinations were the United States (13%), Japan (10%) and Vietnam (7%). Taiwan was the world’s 12th-largest exporter of steel.

Summary

Value
$8.3billion
Tonnes
8million tonnes
Share of world total
2.4%
World rank
12th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States1.1Tonnes: 737,386USD per tonne: $1,51613.5%Sea
Japan0.86Tonnes: 963,826USD per tonne: $89010.3%Sea
Vietnam0.6Tonnes: 740,796USD per tonne: $7887.2%Sea
Italy0.57Tonnes: 482,431USD per tonne: $1,1736.8%Sea
Malaysia0.56Tonnes: 716,144USD per tonne: $7826.7%Sea
China0.49Tonnes: 368,461USD per tonne: $1,3315.9%Sea
Thailand0.43Tonnes: 390,097USD per tonne: $1,1015.2%Sea
Spain0.41Tonnes: 502,826USD per tonne: $8255%Sea
South Korea0.34Tonnes: 195,363USD per tonne: $1,7304.1%Sea
Canada0.29Tonnes: 233,712USD per tonne: $1,2283.5%Sea
Belgium re-exports0.24Tonnes: 377,678USD per tonne: $6332.9%Sea
Indonesia0.2Tonnes: 218,578USD per tonne: $9352.5%Sea
Australia0.19Tonnes: 183,940USD per tonne: $1,0592.3%Sea
Portugal0.18Tonnes: 243,779USD per tonne: $7472.2%Sea
Germany0.17Tonnes: 151,386USD per tonne: $1,1352.1%Sea
India0.15Tonnes: 121,590USD per tonne: $1,2191.8%Sea
United Kingdom0.15Tonnes: 114,006USD per tonne: $1,2811.8%Sea
Mexico0.13Tonnes: 106,736USD per tonne: $1,1741.5%Sea
Bangladesh0.12Tonnes: 181,271USD per tonne: $6481.4%Sea
Turkey0.12Tonnes: 137,148USD per tonne: $8511.4%Sea

Trend

Who it sells to

The United States has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • United States 1.1
  • Japan 0.86
  • Vietnam 0.6
  • Italy 0.57
  • Malaysia 0.56

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.111.1
Japan0.390.86
Vietnam00.6
Italy0.010.57
Malaysia0.180.56

Sources and methodology

Other products of this country

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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