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Cold-rolled flat steel: top exporters and importers (2024)

In 2024, world trade in cold-rolled flat steel totaled $16.2 billion (20.2 million tonnes). The top exporters were China (19%), South Korea (15%) and Japan (9%); the top importers were Mexico (8%), the United States (8%) and Germany (5%). Compared with 2019, the value rose 7%.

Summary

World trade
$16.2billion
Tonnes
20.2million tonnes
Price per tonne
$799
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$3 billion · 18.5%
  2. South Korea$2.4 billion · 14.8%
  3. Japan$1.5 billion · 9.1%
  4. Belgium$1.1 billion · 6.6%
    re-exports
  5. Taiwan$897 million · 5.5%
  6. Germany$882 million · 5.4%
  7. United States$683 million · 4.2%
  8. Netherlands$601 million · 3.7%
    re-exports
  9. Canada$545 million · 3.4%
  10. Turkey$517 million · 3.2%
  11. Austria$393 million · 2.4%
  12. Kazakhstan$374 million · 2.3%
  13. India$318 million · 2%
  14. Vietnam$301 million · 1.9%
  15. Sweden$293 million · 1.8%
  16. Italy$230 million · 1.4%
  17. Russia$205 million · 1.3%
  18. France$194 million · 1.2%
  19. Spain$191 million · 1.2%
  20. Luxembourg$178 million · 1.1%

Top importers

  1. Mexico$1.3 billion · 8.2%
  2. United States$1.3 billion · 8%
  3. Germany$855 million · 5.3%
  4. Japan$666 million · 4.1%
  5. Italy$635 million · 3.9%
  6. Poland$628 million · 3.9%
  7. Spain$582 million · 3.6%
  8. Thailand$573 million · 3.5%
  9. Turkey$558 million · 3.5%
  10. Belgium$549 million · 3.4%
    re-exports
  11. Indonesia$529 million · 3.3%
  12. Malaysia$445 million · 2.8%
  13. France$434 million · 2.7%
  14. Taiwan$396 million · 2.4%
  15. Czechia$393 million · 2.4%
  16. China$368 million · 2.3%
  17. Netherlands$340 million · 2.1%
    re-exports
  18. Brazil$285 million · 1.8%
  19. United Arab Emirates$283 million · 1.8%
  20. Canada$269 million · 1.7%

Trend

Who sells it

China has been the top exporter since 2024

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

  • China 3
  • South Korea 2.4
  • Japan 1.5
  • Belgium 1.1
  • Taiwan 0.9

Source: CEPII BACI

Show the numbers
Country19952024
China0.353
South Korea0.952.4
Japan2.71.5
Belgium1.11.1
Taiwan0.410.9

Price

Implied price

The price per tonne rose 52% since 1995

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

  • 2024: $799

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$525
1996$477
1997$446
1998$409
1999$376
2000$383
2001$357
2002$344
2003$430
2004$546
2005$646
2006$599
2007$697
2008$877
2009$680
2010$749
2011$848
2012$801
2013$680
2014$720
2015$579
2016$542
2017$653
2018$718
2019$659
2020$622
2021$917
2022$1,037
2023$851
2024$799

What it includes

  • 7209 · Cold-rolled flat steel

Products in the same chapter

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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