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Steel bars: top exporters and importers (2024)

In 2024, world trade in steel bars totaled $18.4 billion (27.9 million tonnes). The top exporters were Turkey (12%), China (11%) and Malaysia (10%); the top importers were Hong Kong (10%), Singapore (6%) and the United States (5%). Compared with 2019, the value rose 5%.

Summary

World trade
$18.4billion
Tonnes
27.9million tonnes
Price per tonne
$657
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Turkey$2.1 billion · 11.5%
  2. China$2 billion · 10.8%
  3. Malaysia$1.9 billion · 10.3%
  4. Italy$1.1 billion · 6.2%
  5. Germany$870 million · 4.7%
  6. Russia$784 million · 4.3%
  7. Spain$623 million · 3.4%
  8. Egypt$619 million · 3.4%
  9. France$468 million · 2.6%
  10. Poland$408 million · 2.2%
  11. Portugal$393 million · 2.1%
  12. United States$371 million · 2%
  13. Japan$361 million · 2%
  14. Bulgaria$287 million · 1.6%
  15. Vietnam$280 million · 1.5%
  16. Kazakhstan$263 million · 1.4%
  17. Algeria$262 million · 1.4%
  18. Iran$255 million · 1.4%
  19. Brazil$250 million · 1.4%
  20. Qatar$238 million · 1.3%

Top importers

  1. Hong Kong$1.7 billion · 9.5%
    re-exports
  2. Singapore$1.1 billion · 5.9%
    re-exports
  3. United States$915 million · 5%
  4. Germany$778 million · 4.2%
  5. Poland$464 million · 2.5%
  6. Canada$459 million · 2.5%
  7. Israel$426 million · 2.3%
  8. France$406 million · 2.2%
  9. Yemen$392 million · 2.1%
  10. United Kingdom$360 million · 2%
  11. Romania$350 million · 1.9%
  12. Kazakhstan$338 million · 1.8%
  13. Spain$276 million · 1.5%
  14. Czechia$274 million · 1.5%
  15. Cyprus$263 million · 1.4%
  16. Portugal$251 million · 1.4%
  17. Belgium$250 million · 1.4%
    re-exports
  18. Netherlands$244 million · 1.3%
    re-exports
  19. Thailand$234 million · 1.3%
  20. South Korea$230 million · 1.3%

Trend

Who sells it

Turkey was the top exporter throughout the period

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

  • Turkey 2.1
  • China 2
  • Malaysia 1.9
  • Italy 1.1
  • Germany 0.87

Source: CEPII BACI

Show the numbers
Country19952024
Turkey0.882.1
China0.132
Malaysia0.051.9
Italy0.671.1
Germany0.30.87

Price

Implied price

The price per tonne rose 86% since 1995

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

  • 2024: $657

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$353
1996$322
1997$263
1998$287
1999$266
2000$255
2001$239
2002$255
2003$319
2004$473
2005$475
2006$498
2007$607
2008$874
2009$530
2010$615
2011$740
2012$704
2013$661
2014$645
2015$499
2016$441
2017$540
2018$624
2019$557
2020$520
2021$712
2022$813
2023$701
2024$657

What it includes

  • 7214 · Steel bars

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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