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Where does Taiwan get its steel? Import sources 2024

In 2024, Taiwan imported $7.2 billion of steel (6.1 million tonnes), 2.1% of the world total. Its main sources were Indonesia (30%), China (23%) and Japan (18%). Taiwan was the world’s 16th-largest importer of steel.

Summary

Value
$7.2billion
Tonnes
6.1million tonnes
Share of world total
2.1%
World rank
16th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Indonesia2.2Tonnes: 1,009,992USD per tonne: $2,13829.8%Sea
China1.6Tonnes: 1,608,999USD per tonne: $1,02022.7%Sea
Japan1.3Tonnes: 1,436,896USD per tonne: $90417.9%Sea
Russia0.78Tonnes: 744,009USD per tonne: $85710.7%Sea
South Korea0.58Tonnes: 664,125USD per tonne: $8798.1%Sea
Vietnam0.36Tonnes: 243,763USD per tonne: $1,4624.9%Sea
India0.09Tonnes: 80,536USD per tonne: $1,1591.3%Sea
Saudi Arabia0.07Tonnes: 114,065USD per tonne: $5950.94%Sea
Germany0.03Tonnes: 15,950USD per tonne: $2,1360.47%Sea
Sweden0.03Tonnes: 8,470USD per tonne: $3,6570.43%Sea
United States0.03Tonnes: 8,482USD per tonne: $3,2490.38%Sea
Thailand0.02Tonnes: 22,247USD per tonne: $1,0310.32%Sea
Malaysia0.02Tonnes: 17,431USD per tonne: $1,2010.29%Sea
South Africa0.02Tonnes: 18,944USD per tonne: $9640.25%Sea
United Kingdom0.02Tonnes: 19,331USD per tonne: $9370.25%Sea
Bahrain0.01Tonnes: 20,080USD per tonne: $7370.2%Sea
United Arab Emirates0.01Tonnes: 10,935USD per tonne: $1,3270.2%Sea
Austria0.01Tonnes: 2,532USD per tonne: $4,4610.16%Sea
France0.01Tonnes: 2,662USD per tonne: $3,8620.14%Sea
Slovenia0.01Tonnes: 1,806USD per tonne: $4,3280.11%Sea

Trend

Who it buys from

Indonesia has been its main source since 2021

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

  • Indonesia 2.2
  • China 1.6
  • Japan 1.3
  • Russia 0.78
  • South Korea 0.58

Source: CEPII BACI

Show the numbers
Partner19952024
Indonesia< 0.012.2
China0.341.6
Japan1.81.3
Russia00.78
South Korea0.220.58

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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