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Alloy steel wire rod: top exporters and importers (2024)

In 2024, world trade in alloy steel wire rod totaled $4 billion (4.4 million tonnes). The top exporters were China (26%), Japan (17%) and Germany (11%); the top importers were the United States (16%), Thailand (12%) and Germany (8%). Compared with 2019, the value fell 15%.

Summary

World trade
$4billion
Tonnes
4.4million tonnes
Price per tonne
$893
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1 billion · 25.9%
  2. Japan$682 million · 17.3%
  3. Germany$437 million · 11.1%
  4. South Korea$262 million · 6.6%
  5. Canada$248 million · 6.3%
  6. Italy$219 million · 5.6%
  7. Austria$193 million · 4.9%
  8. Spain$135 million · 3.4%
  9. Czechia$112 million · 2.8%
  10. Switzerland$64 million · 1.6%
  11. France$60 million · 1.5%
  12. Netherlands$59 million · 1.5%
    re-exports
  13. Turkey$48 million · 1.2%
  14. Brazil$45 million · 1.1%
  15. Taiwan$37 million · 0.94%
  16. Sweden$37 million · 0.93%
  17. Poland$33 million · 0.85%
  18. India$32 million · 0.82%
  19. Indonesia$30 million · 0.76%
  20. United States$29 million · 0.73%

Top importers

  1. United States$614 million · 15.5%
  2. Thailand$455 million · 11.5%
  3. Germany$317 million · 8%
  4. Italy$249 million · 6.3%
  5. South Korea$228 million · 5.8%
  6. China$197 million · 5%
  7. Indonesia$161 million · 4.1%
  8. Taiwan$152 million · 3.9%
  9. Vietnam$147 million · 3.7%
  10. France$117 million · 3%
  11. Czechia$116 million · 2.9%
  12. Poland$109 million · 2.8%
  13. Malaysia$102 million · 2.6%
  14. Mexico$102 million · 2.6%
  15. Turkey$79 million · 2%
  16. Japan$54 million · 1.4%
  17. Sweden$52 million · 1.3%
  18. Pakistan$47 million · 1.2%
  19. India$44 million · 1.1%
  20. Spain$43 million · 1.1%

Trend

Who sells it

China has been the top exporter since 2011

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

  • China 1
  • Japan 0.68
  • Germany 0.44
  • South Korea 0.26
  • Canada 0.25

Source: CEPII BACI

Show the numbers
Country19952024
China< 0.011
Japan0.170.68
Germany0.10.44
South Korea0.020.26
Canada0.050.25

Price

Implied price

The price per tonne rose 23% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $893

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$724
1996$629
1997$582
1998$568
1999$515
2000$454
2001$439
2002$417
2003$495
2004$646
2005$821
2006$811
2007$868
2008$1,034
2009$849
2010$847
2011$993
2012$860
2013$757
2014$709
2015$557
2016$587
2017$639
2018$760
2019$731
2020$678
2021$885
2022$1,048
2023$624
2024$893

What it includes

  • 7227 · Alloy steel wire rod

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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