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Steel wire rod: top exporters and importers (2024)

In 2024, world trade in steel wire rod totaled $13.1 billion (20.4 million tonnes). The top exporters were China (18%), Germany (10%) and Italy (5%); the top importers were the United States (7%), Israel (5%) and Thailand (4%). Compared with 2019, the value rose 7%.

Summary

World trade
$13.1billion
Tonnes
20.4million tonnes
Price per tonne
$641
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$2.3 billion · 17.5%
  2. Germany$1.3 billion · 10%
  3. Italy$718 million · 5.5%
  4. Japan$586 million · 4.5%
  5. Turkey$556 million · 4.3%
  6. Malaysia$520 million · 4%
  7. United Arab Emirates$424 million · 3.2%
  8. Czechia$407 million · 3.1%
  9. Indonesia$400 million · 3.1%
  10. Egypt$398 million · 3%
  11. South Korea$397 million · 3%
  12. France$387 million · 3%
  13. Canada$352 million · 2.7%
  14. Spain$346 million · 2.7%
  15. Vietnam$317 million · 2.4%
  16. Portugal$311 million · 2.4%
  17. Russia$303 million · 2.3%
  18. Poland$262 million · 2%
  19. Thailand$223 million · 1.7%
  20. Ukraine$198 million · 1.5%

Top importers

  1. United States$894 million · 6.8%
  2. Israel$633 million · 4.8%
  3. Thailand$477 million · 3.7%
  4. Romania$452 million · 3.5%
  5. Netherlands$436 million · 3.3%
    re-exports
  6. Germany$395 million · 3%
  7. Italy$379 million · 2.9%
  8. South Korea$378 million · 2.9%
  9. Spain$363 million · 2.8%
  10. Czechia$353 million · 2.7%
  11. Malaysia$350 million · 2.7%
  12. Vietnam$322 million · 2.5%
  13. Poland$315 million · 2.4%
  14. Belgium$309 million · 2.4%
    re-exports
  15. France$298 million · 2.3%
  16. Turkey$267 million · 2%
  17. Slovakia$245 million · 1.9%
  18. Philippines$241 million · 1.8%
  19. Switzerland$209 million · 1.6%
  20. Taiwan$185 million · 1.4%

Trend

Who sells it

China has been the top exporter since 2023

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

  • China 2.3
  • Germany 1.3
  • Italy 0.72
  • Japan 0.59
  • Turkey 0.56

Source: CEPII BACI

Show the numbers
Country19952024
China0.152.3
Germany0.831.3
Italy0.160.72
Japan0.370.59
Turkey0.230.56

Price

Implied price

The price per tonne rose 69% since 1995

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

  • 2024: $641

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$379
1996$354
1997$334
1998$319
1999$269
2000$269
2001$259
2002$271
2003$329
2004$484
2005$522
2006$524
2007$600
2008$835
2009$577
2010$594
2011$788
2012$725
2013$700
2014$660
2015$522
2016$470
2017$561
2018$642
2019$577
2020$541
2021$748
2022$858
2023$680
2024$641

What it includes

  • 7213 · Steel wire rod

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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