Steel right now is one of the most used commodities in the industrial sectors due to its strength, durability, and versatility. The application over the different industrial sectors like the crucial role in building and maintaining infrastructure and its sustainability in the automotive, machinery, and appliance manufacturing industries make steel a globally exported commodity of 2023. The stable political relations of the nation along with the leading global markets like South Korea, Russia, India, and Taiwan maximizes the trade reach of the nation in 2023.

The use and aggregate production of this globally exported equipment is correlated with economic growth because of the increasing global demands. The recent projection of the Global Steel Export Data showcases the global export value as 1 trillion US dollars.

Top 10 Global Steel Exports of 2023

According to the Global Steel Customs Data, the top 10 global steel exports of 2023 are,

1. Hot-rolled Sheets and Coils – Global export value of Hot-rolled sheets and coils in 2023 – 220 billion US dollars.

2. Cold-Rolled Sheets – Global export value of Cold-rolled sheets in 2023 – 108 billion US dollars.

3. Wire Rods – Global export value of Wire rods in 2023 – 76 billion US dollars.

4. Galvanized Sheets – Global export value of Galvanized sheets in 2023 – 64 billion US dollars.

5. Bars – Global export value of Bars in 2023 – 53 billion US dollars.

6. Pipes and Tubes – Global export value of Pipes and tubes in 2023 – 48 billion US dollars.

7. Semi-Finished Products – Global export value of Semi-finished products in 2023 – 39 billion US dollars.

8. Stainless Steel – Global export value of Stainless steel in 2023 – 28 billion US dollars.

9. Electrical Sheet and Strip – Global export value of Electrical sheet and strip in 2023 – 22 billion US dollars.

10. Forgings – Global export value of Forgings in 2023 – 18 billion US dollars.

Top Global Steel Exporters of 2023

Steel being one of the most highly demanded commodities across the globe nowadays have become the top exported product of the leading trade destinations. As per the Global Steel Trade Data, the top 10 global steel exporters of 2023 are,

1. China – As per the China Export Data, the valuation of steel export in 2023 – 240 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Hot-Rolled Carbon Steel
• Carbon Steel Plates
• Carbon Steel Wire Rods
• Low-Alloy Steel
• Alloy Steel Plates

2. Japan – As per the Japan Export Data, valuation of steel export in 2023 – 100 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Alloy Steel Bars
• Maraging Steel
• Pre-Engineered Steel Buildings
• European Steel
• Ferrous Scrap

3. South Korea – As per the South Korea Export Data, valuation of steel export in 2023 – 89 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Steel for Landing Gear
• Steel for High-Speed Rail
• Steel for Rails
• Steel for Food Packaging
• Steel for Microwaves

4. Germany – As per the Germany Export Data, valuation of steel export in 2023 – 75 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Steel for Manufacturing Machines
• Steel for Large Machinery
• Steel for Crushers
• Steel for Motors
• Steel for Aerosol Containers

5. India – As per the India Export Data, the valuation of steel export in 2023 – 49 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Steel for Switches and Crossings
• Titanium-Steel Alloys
• Steel for Landing Gear
• Stainless Steel for Implants
• Steel Scrap for Melting

6. Russia – As per the Russia Export Data, the valuation of steel export in 2023 – 38 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Steel for Steel Frame Structures
• Steel for Facade Systems
• Industrial Steel Scrap
• Biocompatible Steel
• Steel for Satellites

7. Turkey – As per the Turkey Export Data, the valuation of steel export in 2023 – 25 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Tinplate Steel
• Steel for Food Containers
• Steel for Foundries
• High-tensile steel for Ship Hulls
• Shipbuilding Steel Coils

8. Italy – As per the Italy Export Data, valuation of steel export in 2023 – 18 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Steel for Foundries
• Offshore Platform Steel
• Heat-Resistant Steel for Boilers
• Steel for Foundations
• High-Strength Steel for Vehicles

9. Ukraine – As per the Ukraine Export Data, the valuation of steel export in 2023 – 15 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Cryogenic Steel
• Bearing Steel
• Magnetic Steel
• Spring Steel
• Ferritic Stainless Steel

10. United States – As per the USA Export Data, the valuation of steel export in 2023 – 10 billion US dollars.

SUBCATEGORIES OF STEEL EXPORT

• Alloy Steel Bars
• Alloy Steel Coils
• Alloy Steel Wire Rods
• Die Steel
• Cryogenic Steel

FAQ’S

Que. What is the global export trade value of steel in 2023?
Ans. The global export trade value of steel in 2023 is 1 trillion US dollars.

Que. Who is the top global exporter of steel in 2023?
Ans. China is the top global exporter of steel in 2023.

Que. What is the top exported product of steel in 2023?
Ans. China is the top exported product of steel in 2023.

Que. Where can you get the detailed trade analysis of steel exports in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of global steel exports in 2023.

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