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Coated flat steel: top exporters and importers (2024)

In 2024, world trade in coated flat steel totaled $58 billion (59.2 million tonnes). The top exporters were China (28%), South Korea (10%) and Germany (7%); the top importers were the United States (11%), Germany (6%) and Poland (5%). Compared with 2019, the value rose 20%.

Summary

World trade
$58billion
Tonnes
59.2million tonnes
Price per tonne
$979
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$16 billion · 27.6%
  2. South Korea$6 billion · 10.3%
  3. Germany$4.2 billion · 7.2%
  4. Belgium$2.8 billion · 4.8%
    re-exports
  5. Japan$2.8 billion · 4.8%
  6. Vietnam$2.6 billion · 4.5%
  7. France$2.2 billion · 3.9%
  8. Netherlands$2.1 billion · 3.7%
    re-exports
  9. Taiwan$1.7 billion · 2.9%
  10. United States$1.7 billion · 2.9%
  11. Austria$1.5 billion · 2.6%
  12. Italy$1.4 billion · 2.4%
  13. Canada$1.3 billion · 2.3%
  14. Turkey$1.3 billion · 2.2%
  15. Spain$1.2 billion · 2.1%
  16. India$1.2 billion · 2.1%
  17. Mexico$789 million · 1.4%
  18. Slovakia$750 million · 1.3%
  19. United Kingdom$454 million · 0.78%
  20. Finland$416 million · 0.72%

Top importers

  1. United States$6.1 billion · 10.5%
  2. Germany$3.3 billion · 5.7%
  3. Poland$2.7 billion · 4.6%
  4. Mexico$2.4 billion · 4.2%
  5. Italy$2.1 billion · 3.6%
  6. Thailand$2.1 billion · 3.6%
  7. Spain$1.9 billion · 3.2%
  8. South Korea$1.6 billion · 2.7%
  9. France$1.5 billion · 2.6%
  10. Canada$1.4 billion · 2.4%
  11. India$1.3 billion · 2.2%
  12. Brazil$1.3 billion · 2.2%
  13. Czechia$1.2 billion · 2.1%
  14. Japan$1.2 billion · 2%
  15. United Kingdom$1.1 billion · 1.8%
  16. Philippines$1 billion · 1.8%
  17. Indonesia$989 million · 1.7%
  18. China$986 million · 1.7%
  19. Belgium$947 million · 1.6%
    re-exports
  20. Turkey$886 million · 1.5%

Trend

Who sells it

China has been the top exporter since 2011

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

  • China 16
  • South Korea 6
  • Germany 4.2
  • Belgium 2.8
  • Japan 2.8

Source: CEPII BACI

Show the numbers
Country19952024
China0.116
South Korea0.826
Germany2.14.2
Belgium1.92.8
Japan2.92.8

Price

Implied price

The price per tonne rose 33% since 1995

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

  • 2024: $979

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$735
1996$703
1997$360
1998$625
1999$585
2000$561
2001$521
2002$495
2003$602
2004$718
2005$816
2006$830
2007$942
2008$1,095
2009$945
2010$953
2011$1,077
2012$1,011
2013$822
2014$941
2015$776
2016$724
2017$831
2018$918
2019$841
2020$796
2021$1,101
2022$1,278
2023$1,063
2024$979

What it includes

  • 7210 · Coated flat steel

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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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