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Iron and steel powder and shot: top exporters and importers (2024)

In 2024, world trade in iron and steel powder and shot totaled $2.4 billion (1.7 million tonnes). The top exporters were Sweden (19%), China (17%) and Japan (10%); the top importers were China (11%), the United States (10%) and Germany (8%). Compared with 2019, the value was stable.

Summary

World trade
$2.4billion
Tonnes
1.7million tonnes
Price per tonne
$1,406
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Sweden$455 million · 18.9%
  2. China$413 million · 17.2%
  3. Japan$243 million · 10.1%
  4. Germany$193 million · 8.1%
  5. Canada$166 million · 6.9%
  6. United States$164 million · 6.8%
  7. France$92 million · 3.8%
  8. Romania$75 million · 3.1%
  9. South Korea$69 million · 2.9%
  10. United Kingdom$61 million · 2.6%
  11. Belgium$59 million · 2.5%
    re-exports
  12. Thailand$51 million · 2.1%
  13. India$36 million · 1.5%
  14. Italy$35 million · 1.5%
  15. Slovenia$25 million · 1.1%
  16. Taiwan$24 million · 0.98%
  17. Spain$23 million · 0.94%
  18. South Africa$20 million · 0.85%
  19. Brazil$20 million · 0.84%
  20. Egypt$19 million · 0.81%

Top importers

  1. China$276 million · 11.5%
  2. United States$232 million · 9.7%
  3. Germany$193 million · 8.1%
  4. South Korea$186 million · 7.7%
  5. Japan$160 million · 6.7%
  6. Italy$113 million · 4.7%
  7. Taiwan$88 million · 3.7%
  8. Mexico$86 million · 3.6%
  9. India$86 million · 3.6%
  10. Spain$85 million · 3.6%
  11. Philippines$76 million · 3.2%
  12. Thailand$68 million · 2.8%
  13. Malaysia$56 million · 2.3%
  14. United Kingdom$52 million · 2.2%
  15. Vietnam$41 million · 1.7%
  16. Canada$39 million · 1.6%
  17. Indonesia$38 million · 1.6%
  18. France$37 million · 1.5%
  19. Poland$36 million · 1.5%
  20. Austria$35 million · 1.4%

Trend

Who sells it

Sweden was the top exporter throughout the period

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

  • Sweden 455
  • China 413
  • Japan 243
  • Germany 193
  • Canada 166

Source: CEPII BACI

Show the numbers
Country19952024
Sweden207455
China8.1413
Japan56243
Germany51.1193
Canada84.5166

Price

Implied price

The price per tonne rose 105% since 1995

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

  • 2024: $1,406

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$685
1996$745
1997$747
1998$841
1999$808
2000$1,017
2001$707
2002$808
2003$747
2004$769
2005$931
2006$849
2007$739
2008$744
2009$1,116
2010$782
2011$1,281
2012$1,387
2013$1,312
2014$1,480
2015$1,373
2016$1,145
2017$1,242
2018$1,581
2019$1,426
2020$1,302
2021$1,555
2022$1,534
2023$1,555
2024$1,406

What it includes

  • 7205 · Iron and steel powder and shot

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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