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Pig iron: top exporters and importers (2024)

In 2024, world trade in pig iron totaled $5 billion (10.7 million tonnes). The top exporters were Brazil (37%), Russia (19%) and Ukraine (11%); the top importers were the United States (42%), Turkey (13%) and Italy (11%). Compared with 2019, the value rose 3%.

Summary

World trade
$5billion
Tonnes
10.7million tonnes
Price per tonne
$467
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Brazil$1.8 billion · 36.5%
    see destinations
  2. Russia$960 million · 19.3%
  3. Ukraine$525 million · 10.5%
  4. Indonesia$440 million · 8.8%
  5. South Africa$301 million · 6%
  6. India$121 million · 2.4%
  7. Kazakhstan$106 million · 2.1%
  8. Canada$77 million · 1.5%
  9. Latvia$71 million · 1.4%
  10. Germany$69 million · 1.4%
  11. Saudi Arabia$61 million · 1.2%
  12. Japan$59 million · 1.2%
  13. France$40 million · 0.81%
  14. Norway$40 million · 0.8%
  15. United Kingdom$32 million · 0.65%
  16. Netherlands$32 million · 0.65%
    re-exports
  17. Belgium$26 million · 0.53%
    re-exports
  18. Austria$26 million · 0.52%
  19. Malaysia$20 million · 0.41%
  20. Argentina$14 million · 0.29%

Top importers

  1. United States$2.1 billion · 42.2%
    see sources
  2. Turkey$628 million · 12.6%
  3. Italy$538 million · 10.8%
  4. China$374 million · 7.5%
  5. Netherlands$207 million · 4.1%
    re-exports
  6. Germany$109 million · 2.2%
  7. India$106 million · 2.1%
  8. Taiwan$105 million · 2.1%
  9. Spain$104 million · 2.1%
  10. South Korea$77 million · 1.6%
  11. Poland$75 million · 1.5%
  12. Mexico$74 million · 1.5%
  13. France$70 million · 1.4%
  14. Belgium$53 million · 1.1%
    re-exports
  15. Japan$34 million · 0.67%
  16. Czechia$33 million · 0.66%
  17. Thailand$27 million · 0.54%
  18. Kenya$24 million · 0.49%
  19. Nepal$22 million · 0.44%
  20. Bangladesh$21 million · 0.42%

Trend

Who sells it

Brazil has been the top exporter since 2022

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

  • Brazil 1.8
  • Russia 0.96
  • Ukraine 0.52
  • Indonesia 0.44
  • South Africa 0.3

Source: CEPII BACI

Show the numbers
Country19952024
Brazil0.491.8
Russia0.390.96
Ukraine0.210.52
Indonesia< 0.010.44
South Africa0.10.3

Price

Implied price

The price per tonne rose 170% since 1995

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

  • 2024: $467

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$173
1996$171
1997$171
1998$155
1999$124
2000$135
2001$135
2002$137
2003$174
2004$307
2005$419
2006$286
2007$352
2008$539
2009$354
2010$435
2011$497
2012$442
2013$413
2014$432
2015$321
2016$258
2017$354
2018$402
2019$368
2020$346
2021$519
2022$603
2023$468
2024$467

What it includes

  • 7201 · Pig iron

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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