In 2023, China led global exports of articles of iron or steel, valued at 51.89 billion USD, followed by Germany and the United States with 26.69 billion USD and 17.48 billion USD, respectively. Italy, South Korea, and Japan showed moderate export levels. The Netherlands, Spain, France, and the Czech Republic rounded out the top ten exporters.
Year-on-year growth in 2023 showed a moderate increase across most countries, with China continuing to expand its lead. European exports from Germany, Italy, and the Czech Republic demonstrated stability, while the United States saw robust growth. The five-year CAGR highlighted growth in Asian countries, notably South Korea and Japan.
Future trends to watch include potential shifts due to geopolitical influences, sustainability demands impacting steel production, and technological innovations enhancing manufacturing efficiency. Economic policies and trade agreements in major exporting countries could further reshape the landscape. Monitoring these factors will be crucial for stakeholders in the steel industry.
Top countries in Top Exporters of Articles of Iron or Steel
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 51,890 | 2016 | |
| 2 | 2 Germany | 26,690 | 2016 | |
| 3 | 3 United States | 17,480 | 2016 | |
| 4 | 4 Italy | 16,030 | 2016 | |
| 5 | 5 South Korea | 11,110 | 2016 | |
| 6 | 6 Japan | 9,440 | 2016 | |
| 7 | 7 Netherlands | 7,270 | 2016 | |
| 8 | 8 Spain | 6,680 | 2016 | |
| 9 | 9 France | 6,530 | 2016 | |
| 10 | 10 Czech Republic | 6,060 | 2016 |
