Global Leaders in Iron and Steel Exports

In 2023, global iron and steel exports totaled $541 billion, growing at a compound annual growth rate (CAGR) of 6.0% from 2000 to 2023, slightly exceeding the 5.8% CAGR of total goods exports. Major exporters included China ($88.7 billion), Germany ($36.5 billion), Japan ($32.0 billion), South Korea ($29.6 billion), and Indonesia ($27.6 billion).