Which country exports the most steel? In 2023, world crude steel output will reach nearly 1.84 billion tons. China is the world's largest steel producer, providing more than 50% of global steel production.In the article below, we invite you to join AG真人游戏 Steel to find out what country exports the most steel.What country exports the most steel? Find out more about AG真人游戏 Steel in the article belowOverview of the global steel industry situationAccording to data from the World Steel Association (Worldsteel), crude steel output in 71 countries reached 148.1 million tons in January 2024, down 1.6% over the same period last year. In particular, crude steel production in some regions has grown and recovered, such as Iran (39.3%), Turkey (24.7%), India (7.3%),...Meanwhile, China's crude steel production is still decreasing over the same period in 2023. Specifically, China's crude steel output reached 77.2 million tons, down 7% over the same period in 2022. Manufacturers and other exporters also recorded a decrease in crude steel output, such as Brazil, the US, Germany,...Previously, in 2023, the crude steel output of 71 countries reached about 1.84 billion tons. China still maintains its position as the world's largest steel producer, followed by India and Japan.5 countries with the largest crude steel production in the worldMajor steel exporting countries in the world. What country exports the most steel?Below, AG真人游戏 Steel will provide you with the top 5 countries biggest exporters of steel. And also find out what country exports the most steel.China - The world's biggest steel exportersAs the country with the largest steel industry globally, China accounts for over 50% of the world's steel output. In 2023, China's steel exports reached 90,264 up 36.2% over the same period last year, marking a near-record high. Export growth amid weak domestic demand reflects China's struggling real estate sector. China's 2023 steel exports to Southeast Asia and Central Europe see a significant increase. Among them, Vietnam and Turkey are two export markets with high levels of growth.Currently, China is also the world's biggest steel exporter. Every year, China provides more than 50% of global crude steel output. Therefore, this is also the reason why this country has become the biggest exporters of steel in the world.JapanRanked 2nd in the list of the biggest exporters of steel, in 2023 Japan produced 87,0 million tons, of which exports reached 32,7 million tons, up 1.2% over the same period last year. This is also one of the largest steel-exporting countries in the world. Japan's main export market is Korea with 5,6 million tons, up 3.8%; exports to China reached 2,85 million tons, down 28.9%; exports to Taiwan reached 1,6 million tons, down 12.4%; exports to Thailand reached 4,7 million tons, down 7.2%; and exports to the US decreased 3.1% to only 1,2 million tons.Although only producing 87,0 million tons, Japan exported more than 32 million tons, which shows that export output accounts for nearly 30% of the total steel output of the entire industry. With Japan's biggest steel exporters, Nippon Steel, having just agreed to acquire US Steel, it is predicted that by 2024, Japan's crude steel output will grow dramatically.Export volume and value of iron and steel products from Japan from 2014 to 2023KoreaAs one of the biggest exporters of steel, Korea will produce 66,7 million tons in 2023. However, according to SteelMint data, in the first half of 2023, Korea exported about 12,3 million tons of steel, up 3% over the same period last year. Currently, steel exports from Korea still have a high fluctuation range because this country is experiencing a decrease in domestic demand as well as crude steel output. Currently, Korean steel exports are still focused mainly on Asian markets and other developed countries.GermanyAs Europe's biggest steel exporters, in 2022 Germany exported about 29 million tons of steel, earning 36,9 billion USD. In particular, the largest export market is France with 10.1%, followed by Poland with 9.95%, Italy with 9.88%, the Netherlands with 4.48%, and Belgium with 7.48%. The remaining 10% belongs to other countries. In general, Germany's steel export market does not have many changes as it mainly exports to the European market, with the largest export items being galvanized steel and alloy steel products.ItalyItaly is one of the top 5 countries that export steel and ranked 2nd in Europe after Germany, by 2023, Italy's crude steel output will reach 21.1 million tons. According to the United Nations COMTRADE database on international trade, Italy's iron and steel exports in 2023 will reach 17.12 billion USD. Specifically, in the first six months of the year, Italy exported 7.5 million tons of steel, up 7% over the same period last year. Italy's main export markets are Germany, France, the United States, Spain, and Poland.Vietnam's steel exports grew outstandingAccording to statistics, in 2023 Vietnam domestic crude steel production reached nearly 19,2 million tons, ranking 13th in the world. In terms of export output alone, Vietnam's steel industry ranks 14th among the biggest exporters of steel. In 2023, according to the General Department of Customs, in the first 10 months of the year, Vietnam exported more than 9,1 million tons, an increase of 30.7% over the previous year, with the main export markets in the ASEAN region and the EU, the United States and India,... Among them, the EU market has emerged as a potential bright spot, accounting for about 26% of the steel export market share in this market each year. Of which, Italy is the country that imports the most steel from Vietnam with over 1,35 million tons, growing by 128%, Belgium imports 0,49 million tons, growing by 30%, Spain imports 0,35 million tons, growing by 30%. 70.2%.Vietnam's steel production prospects will increase by about 10% in 2024 and 8% in 2025 when demand for steel in domestic economic sectors recovers. It is expected that in 2024, steel consumption will increase by about 6.4% and export output will increase to nearly 13 million tons. With continuous development and increasing production output, Vietnam is on the journey to becoming one of the biggest exporters of steel.Top 5 largest steel export markets in Vietnam 2023AG真人游戏 Steel - Quality steel supply solutions in VietnamAs one of the countries with a developed steel industry, Vietnam's steel export output has been increasing in recent years. AG真人游戏 Steel is one of the steel exporters that receives the trust of customers from many countries around the world. We are proud to bring you steel products with outstanding quality and reasonable prices.Currently, we are supplying steel products to all markets around the world, including Southeast Asia, Mexico, Australia, America, Spain,... If you are interested in importing steel from Vietnam, please contact us or fill out our form.In the above article, AG真人游戏 Steel has given you information about the steel-exporting countries in the world and what country exports the most steel. Hopefully, the above article has been helpful to you. To read more articles about steel, remember to follow AG真人游戏 Steel to get the latest information.
