Pig iron trade by country: top importers, exporters and prices
World trade in pig iron was worth $4.84 billion in 2024, about 10.70 million tonnes. That is an increase of 3% since 2017, and down 15% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.84B | 10.70M t |
| 2023 | $5.66B | 11.54M t |
| 2022 | $7.55B | 12.23M t |
| 2021 | $7.35B | 14.20M t |
| 2020 | $4.70B | 14.46M t |
| 2019 | $4.52B | 12.58M t |
| 2018 | $5.82B | 14.63M t |
| 2017 | $4.72B | 13.02M t |
Top pig iron exporting countries
Exports are led by Brazil (36%), Russia (20%) and Ukraine (11%). 87 countries reported exports, and the top three account for 66%.
| Exporter | Value | Share |
|---|---|---|
| Brazil | $1.72B | 36% |
| Russia | $960.1M | 20% |
| Ukraine | $512.7M | 11% |
| Indonesia | $352.2M | 7.3% |
| South Africa | $291.9M | 6% |
| India | $116.3M | 2.4% |
| Kazakhstan | $105.8M | 2.2% |
| Germany | $76.1M | 1.6% |
| Canada | $74.8M | 1.6% |
| France | $73.3M | 1.5% |
| Latvia | $71.0M | 1.5% |
| Saudi Arabia | $61.7M | 1.3% |
Top importing countries and buyer markets
The largest importers are the United States (42%), Turkey (13%) and Italy (11%). 137 countries imported it, and the top three take 66% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $2.01B | 42% |
| Turkey | $631.2M | 13% |
| Italy | $539.6M | 11% |
| China | $279.9M | 5.8% |
| Netherlands | $208.3M | 4.3% |
| India | $107.1M | 2.2% |
| Taiwan | $105.4M | 2.2% |
| Germany | $98.4M | 2% |
| Belgium | $91.7M | 1.9% |
| Spain | $87.9M | 1.8% |
| South Korea | $78.0M | 1.6% |
| Mexico | $77.6M | 1.6% |
Average price per kg
The world average declared value was about $0.45 per kg in 2024. Among the main exporters, Indonesia averaged $0.73 per kg and South Africa $0.38 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7201: Pig iron and spiegeleisen in pigs, blocks or other primary forms. HS 7201 codes.
Common questions
Which countries export the most pig iron?
Brazil exported $1.72 billion in 2024, 36% of the world total, followed by Russia (20%) and Ukraine (11%). In all, 87 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most pig iron?
The United States imported $2.01 billion in 2024, 42% of world imports, ahead of Turkey (13%) and Italy (11%). The top three importers together take 66%. Each country with its own page is linked from the table.
How big is the world trade in pig iron?
It was worth $4.84 billion in 2024, about 10.70 million tonnes. That is an increase of 3% since 2017. The peak year was 2022 at $7.55 billion. 87 countries reported exports and 137 reported imports.
What is the average price of pig iron per kg?
The world average declared value was about $0.45 per kg in 2024. Among the main exporters, Indonesia averaged $0.73 per kg and South Africa $0.38 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for pig iron?
The HS code for pig iron is heading 7201, in chapter 72 (iron and steel). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 7201 page.
How can I find pig iron buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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