🇬🇧 United Kingdom exports of reduced iron and sponge iron: 2024 trade data
The United Kingdom exported $2.6 million of reduced iron and sponge iron in 2024 (3.5 thousand tonnes). Value rose 16% on 2023. Over 2017-2024 it shrank by about 9% a year on average. The peak in this period was 2021, at $15.4 million.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of reduced iron and sponge iron by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.6M | 3.5K t |
| 2023 | $2.2M | 3.2K t |
| 2022 | $5.4M | 10.6K t |
| 2021 | $15.4M | 22.7K t |
| 2020 | $7.6M | 16.1K t |
| 2019 | $7.9M | 14.7K t |
| 2018 | $7.0M | 15.3K t |
| 2017 | $4.8M | 16.9K t |
Where the United Kingdom exports reduced iron and sponge iron to
Most of it went to India (40%), Finland (22%), Angola (5%). Among the main buyer markets, Norway grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| 🇮🇳 India | $1.0M | 40% |
| 🇫🇮 Finland | $563K | 22% |
| 🇦🇴 Angola | $117K | 4.5% |
| 🇮🇪 Ireland | $106K | 4.1% |
| 🇲🇾 Malaysia | $104K | 4.1% |
| 🇩🇪 Germany | $91K | 3.5% |
| 🇳🇴 Norway | $90K | 3.5% |
| 🇺🇸 United States | $82K | 3.2% |
| 🇸🇬 Singapore | $77K | 3% |
| 🇨🇳 China | $75K | 2.9% |
Types of reduced iron and sponge iron under HS 7203
| 7203.10 | Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms | 84% |
| 7203.90 | Ferrous products: spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms | 17% |
Codes and full descriptions: HS heading 7203.
Average export price of reduced iron and sponge iron
The average declared value was about $0.74 per kg, 147% above the world average of $0.30. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United Kingdom also imports reduced iron and sponge iron
Imports of reduced iron and sponge iron by the United Kingdom reached $1.5 million in 2024 (366 tonnes). One supplier dominates: Japan accounted for 74% of the value. Among the main suppliers, Italy grew fastest (+643% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇯🇵 Japan | $1.1M | 74% |
| 🇮🇹 Italy | $223K | 15% |
| 🇨🇳 China | $73K | 4.8% |
| 🇳🇴 Norway | $41K | 2.7% |
| 🇺🇸 United States | $26K | 1.7% |
| 🇳🇱 Netherlands | $10K | 0.6% |
| 🇩🇰 Denmark | $6K | 0.4% |
| 🇨🇦 Canada | $5K | 0.4% |
| 🇪🇸 Spain | $5K | 0.3% |
| 🇫🇷 France | $2K | 0.2% |
Who is behind these numbers in the United Kingdom?
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.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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.
Reduced iron and sponge iron trade in the United Kingdom: questions
What is the value of reduced iron and sponge iron imported by the United Kingdom?
The United Kingdom imported reduced iron and sponge iron worth $1.5 million in 2024 (366 tonnes).
Where does the United Kingdom import reduced iron and sponge iron from?
The main supplier countries in 2024 were Japan (74%), Italy (15%), China (5%).
What is the average import price of reduced iron and sponge iron in the United Kingdom?
The average declared import value was about $4.16 per kg in 2024, against a world average of $0.30 per kg.
Does the United Kingdom export reduced iron and sponge iron?
Yes. The United Kingdom exported reduced iron and sponge iron worth $2.6 million in 2024, mainly to India, Finland, Angola.
What is the HS code for reduced iron and sponge iron?
Reduced iron and sponge iron falls under HS heading 7203 (Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the li). The six-digit codes under it split the product by type.
How can I find the companies trading reduced iron and sponge iron with the United Kingdom?
These public statistics stop at country level. EximDataX has a direct customs feed for the United Kingdom with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Reduced iron and sponge iron trade in other countries
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