Summary
- World trade
- $348.5billion
- Tonnes
- 382.9million tonnes
- Price per tonne
- $907
Top exporters
Top importers
Trend
Who sells it
China has been the top exporter since 2012
Value in USD billions. The five largest exporters in 2024.
- China 68.8
- Japan 25.9
- Germany 25
- South Korea 22.6
- Italy 13.5
Source: CEPII BACI
Show the numbers
| Country | 1995 | 2024 |
|---|---|---|
| China | 3.5 | 68.8 |
| Japan | 15.4 | 25.9 |
| Germany | 14.4 | 25 |
| South Korea | 5.1 | 22.6 |
| Italy | 5.6 | 13.5 |
Price
Implied price
The price per tonne rose 60% since 1995
Current US dollars per tonne: value over the weight reported by BACI.
- 2024: $907
Source: CEPII BACI
Show the numbers
| Year | USD per tonne |
|---|---|
| 1995 | $566 |
| 1996 | $508 |
| 1997 | $431 |
| 1998 | $459 |
| 1999 | $403 |
| 2000 | $410 |
| 2001 | $389 |
| 2002 | $383 |
| 2003 | $473 |
| 2004 | $624 |
| 2005 | $709 |
| 2006 | $721 |
| 2007 | $853 |
| 2008 | $1,064 |
| 2009 | $779 |
| 2010 | $833 |
| 2011 | $984 |
| 2012 | $901 |
| 2013 | $731 |
| 2014 | $846 |
| 2015 | $661 |
| 2016 | $620 |
| 2017 | $742 |
| 2018 | $845 |
| 2019 | $767 |
| 2020 | $713 |
| 2021 | $1,000 |
| 2022 | $1,179 |
| 2023 | $997 |
| 2024 | $907 |
What it includes
Semi-finished and flat products, bars, sections and wire of iron and steel (headings 7206 to 7229); excludes pig iron, ferroalloys, scrap and articles.
- 7206 · Iron and nonalloy steel ingots
- 7207 · Semi-finished steel
- 7208 · Hot-rolled flat steel
- 7209 · Cold-rolled flat steel
- 7210 · Coated flat steel
- 7211 · Uncoated narrow steel strip
- 7212 · Coated narrow steel strip
- 7213 · Steel wire rod
- 7214 · Steel bars
- 7215 · Other steel bars
- 7216 · Steel angles and sections
- 7217 · Steel wire
- 7218 · Stainless steel ingots and semi-finished products
- 7219 · Stainless steel sheet
- 7220 · Stainless steel strip
- 7221 · Stainless steel wire rod
- 7222 · Stainless steel bars and sections
- 7223 · Stainless steel wire
- 7224 · Alloy steel ingots and semi-finished products
- 7225 · Alloy steel sheet
- 7226 · Alloy steel strip
- 7227 · Alloy steel wire rod
- 7228 · Alloy steel bars and sections
- 7229 · Alloy steel wire
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Natural Earth · Public domain
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.