Reduced iron and sponge iron exports from Libya: data, top buyers and prices
Exports of reduced iron and sponge iron by Libya reached $263.5 million in 2024 (772.6 thousand tonnes). It ranks 6th of 96 countries for exports of this product. That is 10% more than in 2023. Over 2017-2024 the trade grew strongly, by about 32% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $263.5M | 772.6K t |
| 2023 | $239.9M | 624.2K t |
| 2022 | $197.8M | 472.6K t |
| 2021 | $123.1M | 318.2K t |
| 2020 | $78.8M | 290.0K t |
| 2019 | $72.1M | 254.6K t |
| 2018 | $49.3M | 143.3K t |
| 2017 | $38.0M | 133.1K t |
Where Libya exports reduced iron and sponge iron to
Most of it went to Turkey (22%), Germany (18%), Egypt (13%). Among the main buyer markets, Portugal grew fastest (+926% on the year before).
Product types under HS 7203
| 7203.10 | Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms | 87% |
| 7203.90 | Sponge iron | 13% |
Codes and full descriptions: HS heading 7203.
Average export price per kg
The average declared value was about $0.34 per kg, close to the world average of $0.30.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Libya?
The shipment records behind Libya reduced iron and sponge iron exports (HS 7203): companies, dates, quantities and declared values.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
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 7203: Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms.
Common questions
What is the value of reduced iron and sponge iron exported by Libya?
Libya exported reduced iron and sponge iron worth $263.5 million in 2024, the latest year with complete public data, about 772.6 thousand tonnes. That ranks it 6th of 96 countries worldwide, with 5% of world exports. The value was up 10% on 2023.
Which countries buy reduced iron and sponge iron from Libya?
Turkey was the largest buyer with 22% of the value ($58.6 million), followed by Germany (18%) and Egypt (13%). The top three together account for 54%, out of 13 buyer countries in total. Portugal grew fastest among the top ten, up 926% on the year.
What is the average export price of reduced iron and sponge iron per kg?
The average declared export value was about $0.34 per kg in 2024, 13% above the world average of $0.30 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of reduced iron and sponge iron from Libya changed since 2017?
Exports went from $38.0 million in 2017 to $263.5 million in 2024, an increase of 592%. 2024 was the highest year in the period. Over 8 years the average was $132.8 million a year.
What is the HS code for reduced iron and sponge iron?
The HS code for reduced iron and sponge iron is heading 7203. In Libya the largest six-digit codes were 7203.10 (87% of the value) and 7203.90 (13%).
How can I find the companies behind this trade?
The totals here are public statistics; EximDataX adds the company names by reading partner countries' customs records for Libya. Tell us your product to see it live.
Same product, other countries
World reduced iron and sponge iron trade: top importers and exporters
Reduced iron and sponge iron product types in Libya
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