Imports
€17.5B
31.4B kg
Exports
€2.5B
3.7B kg
Balance
€-15.0B
Deficit
Price/kg
€0.5565/kg
Between Jan 2022 and Mar 2026, the EU ran a trade deficit of €15.0B for IRON AND STEEL, Semi-finished products of iron or non-alloy steel (NC8 7207), a predominantly imported product. Imports reached €17.5B versus €2.5B in exports. The average import cost stood at €0.5565/kg.
| 🇷🇺 Russia |
| €7.7B |
| 43.9% |
| 2 | 🇨🇳 China | €2.1B | 12.0% |
| 3 | 🇺🇦 Ukraine | €1.9B | 11.0% |
| 4 | 🇧🇷 Brazil | €1.3B | 7.5% |
| 5 | 🇻🇳 Vietnam | €947.6M | 5.4% |
| 6 | 🇮🇩 Indonesia | €356.2M | 2.0% |
| 7 | 🇮🇳 India | €228.3M | 1.3% |
| 8 | 🇳🇴 Norway | €200.1M | 1.1% |
| 9 | 🇬🇧 United Kingdom | €171.8M | 1.0% |
| 10 | 🇨🇭 Switzerland | €171.8M | 1.0% |
| # | Country | Value (EUR) | Share (%) |
|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €526.8M | 21.4% |
| 2 | 🇺🇸 United States | €479.1M | 19.5% |
| 3 | 🇲🇦 Morocco | €290.0M | 11.8% |
| 4 | 🇲🇰 North Macedonia | €228.4M | 9.3% |
| 5 | 🇲🇽 Mexico | €200.4M | 8.2% |
| 6 | 🇨🇦 Canada | €174.1M | 7.1% |
| 7 | 🇹🇷 Türkiye | €115.2M | 4.7% |
| 8 | 🇧🇷 Brazil | €82.2M | 3.3% |
| 9 | 🇨🇭 Switzerland | €80.2M | 3.3% |
| 10 | 🇽🇸 XS | €33.5M | 1.4% |
€0
€0
€0
€0.5565/kg
€0.6727/kg
3,070
ConcentratedThird-country sourcing partners
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇷🇺 Russia | €7.7B | 14.5Bt | €0.5301/kg | 50.8% | |
| 2 | 🇨🇳 China | €2.1B | 3.4Bt | €0.6139/kg | 14.0% | |
| 3 | 🇺🇦 Ukraine | €1.9B | 3.7Bt | €0.5155/kg | 12.7% | |
| 4 | 🇧🇷 Brazil | €1.3B | 2.4Bt | €0.5541/kg | 8.7% | |
| 5 | 🇻🇳 Vietnam | €947.6M | 1.8Bt | €0.5372/kg | 6.3% | |
| 6 | 🇮🇩 Indonesia | €356.2M | 539.4Mt | €0.6605/kg | 2.4% | |
| 7 | 🇮🇳 India | €228.3M | 451.2Mt | €0.5059/kg | 1.5% | |
| 8 | 🇳🇴 Norway | €200.1M | 328.3Mt | €0.6095/kg | 1.3% | |
| 9 | 🇬🇧 United Kingdom | €171.8M | 147.6Mt | €1.16/kg | 1.1% | |
| 10 | 🇨🇭 Switzerland | €171.8M | 205.1Mt | €0.8376/kg | 1.1% |
Third-country target markets
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €526.8M | 718.7Mt | €0.7330/kg | 23.8% | |
| 2 | 🇺🇸 United States | €479.1M | 711.5Mt | €0.6734/kg | 21.7% | |
| 3 | 🇲🇦 Morocco | €290.0M | 590.6Mt | €0.4910/kg | 13.1% | |
| 4 | 🇲🇰 North Macedonia | €228.4M | 425.1Mt | €0.5374/kg | 10.3% | |
| 5 | 🇲🇽 Mexico | €200.4M | 338.0Mt | €0.5929/kg | 9.1% | |
| 6 | 🇨🇦 Canada | €174.1M | 245.9Mt | €0.7081/kg | 7.9% | |
| 7 | 🇹🇷 Turkey | €115.2M | 198.1Mt | €0.5815/kg | 5.2% | |
| 8 | 🇧🇷 Brazil | €82.2M | 88.1Mt | €0.9325/kg | 3.7% | |
| 9 | 🇨🇭 Switzerland | €80.2M | 107.0Mt | €0.7496/kg | 3.6% | |
| 10 | 🇽🇸 XS | €33.5M | 30.7Mt | €1.09/kg | 1.5% |