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Steel tanks over 300 liters: top exporters and importers (2024)

In 2024, world trade in steel tanks over 300 liters totaled $4.7 billion (1 million tonnes). The top exporters were China (19%), the United States (8%) and Germany (6%); the top importers were the United States (13%), Saudi Arabia (5%) and Indonesia (5%). Compared with 2019, the value rose 19%.

Summary

World trade
$4.7billion
Tonnes
1million tonnes
Price per tonne
$4,595
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$900 million · 19.2%
  2. United States$389 million · 8.3%
  3. Germany$296 million · 6.3%
  4. Italy$280 million · 6%
  5. South Korea$240 million · 5.1%
  6. Poland$223 million · 4.8%
  7. Canada$196 million · 4.2%
  8. Spain$174 million · 3.7%
  9. United Arab Emirates$148 million · 3.2%
  10. Japan$122 million · 2.6%
  11. Mexico$116 million · 2.5%
  12. Turkey$115 million · 2.5%
  13. United Kingdom$102 million · 2.2%
  14. France$101 million · 2.2%
  15. Czechia$91 million · 2%
  16. India$89 million · 1.9%
  17. Netherlands$86 million · 1.8%
    re-exports
  18. Austria$66 million · 1.4%
  19. Belgium$63 million · 1.4%
    re-exports
  20. Russia$50 million · 1.1%

Top importers

  1. United States$612 million · 13.1%
  2. Saudi Arabia$248 million · 5.3%
  3. Indonesia$222 million · 4.7%
  4. Germany$218 million · 4.7%
  5. France$163 million · 3.5%
  6. Canada$151 million · 3.2%
  7. South Korea$143 million · 3.1%
  8. China$128 million · 2.7%
  9. United Kingdom$127 million · 2.7%
  10. Mexico$120 million · 2.6%
  11. Austria$106 million · 2.3%
  12. Netherlands$98 million · 2.1%
    re-exports
  13. Switzerland$97 million · 2.1%
  14. Brazil$81 million · 1.7%
  15. Romania$71 million · 1.5%
  16. Turkey$71 million · 1.5%
  17. Belgium$68 million · 1.5%
    re-exports
  18. Russia$66 million · 1.4%
  19. Thailand$65 million · 1.4%
  20. Sweden$65 million · 1.4%

Trend

Who sells it

China has been the top exporter since 2015

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

  • China 900
  • United States 389
  • Germany 296
  • Italy 280
  • South Korea 240

Source: CEPII BACI

Show the numbers
Country19952024
China6900
United States128389
Germany148296
Italy117280
South Korea14.6240

Price

Implied price

The price per tonne rose 80% since 1995

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

  • 2024: $4,595

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,555
1996$2,762
1997$2,575
1998$2,877
1999$2,281
2000$2,683
2001$2,888
2002$2,571
2003$2,535
2004$2,927
2005$3,587
2006$3,479
2007$4,105
2008$5,055
2009$4,755
2010$4,423
2011$4,265
2012$4,210
2013$4,436
2014$4,740
2015$3,886
2016$3,724
2017$3,588
2018$4,408
2019$4,203
2020$4,288
2021$4,398
2022$4,809
2023$5,192
2024$4,595

What it includes

  • 7309 · Steel tanks over 300 liters

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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