Imports
€6.2B
8.9B kg
Exports
€3.5B
4.5B kg
Balance
€-2.7B
Deficit
Price/kg
€0.6942/kg
Between Jan 2022 and Mar 2026, the EU ran a trade deficit of €2.7B for IRON AND STEEL, Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling (NC8 7214), a product with balanced trade flows. Imports reached €6.2B versus €3.5B in exports. The average import cost stood at €0.6942/kg.
| Value (EUR) |
|---|
| Share (%) |
|---|
| 1 | 🇹🇷 Türkiye | €1.2B | 19.9% |
| 2 | 🇨🇳 China | €990.5M | 16.1% |
| 3 | 🇳🇴 Norway | €562.1M | 9.1% |
| 4 | 🇪🇬 Egypt | €540.8M | 8.8% |
| 5 | 🇩🇿 Algeria | €497.1M | 8.1% |
| 6 | 🇨🇭 Switzerland | €317.1M | 5.1% |
| 7 | 🇺🇦 Ukraine | €268.7M | 4.4% |
| 8 | 🇬🇧 United Kingdom | €250.6M | 4.1% |
| 9 | 🇲🇰 North Macedonia | €160.7M | 2.6% |
| 10 | 🇰🇿 Kazakhstan | €96.1M | 1.6% |
| # | Country | Value (EUR) | Share (%) |
|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €923.9M | 26.4% |
| 2 | 🇨🇭 Switzerland | €505.5M | 14.4% |
| 3 | 🇺🇸 United States | €423.7M | 12.1% |
| 4 | 🇨🇦 Canada | €197.0M | 5.6% |
| 5 | 🇳🇴 Norway | €172.0M | 4.9% |
| 6 | 🇽🇸 XS | €50.9M | 1.5% |
| 7 | 🇹🇷 Türkiye | €41.5M | 1.2% |
| 8 | 🇧🇦 Bosnia & Herzegovina | €40.8M | 1.2% |
| 9 | 🇱🇮 Liechtenstein | €36.6M | 1.0% |
| 10 | 🇲🇦 Morocco | €19.7M | 0.6% |
€0
€0
€0
€0.6942/kg
€0.7713/kg
1,499
CompetitiveThird-country sourcing partners
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇹🇷 Turkey | €1.2B | 1.9Bt | €0.6356/kg | 25.0% | |
| 2 | 🇨🇳 China | €990.5M | 1.2Bt | €0.8374/kg | 20.2% | |
| 3 | 🇳🇴 Norway | €562.1M | 790.6Mt | €0.7109/kg | 11.4% | |
| 4 | 🇪🇬 Egypt | €540.8M | 928.5Mt | €0.5825/kg | 11.0% | |
| 5 | 🇩🇿 Algeria | €497.1M | 761.5Mt | €0.6528/kg | 10.1% | |
| 6 | 🇨🇭 Switzerland | €317.1M | 345.2Mt | €0.9187/kg | 6.5% | |
| 7 | 🇺🇦 Ukraine | €268.7M | 458.8Mt | €0.5855/kg | 5.5% | |
| 8 | 🇬🇧 United Kingdom | €250.6M | 301.9Mt | €0.8299/kg | 5.1% | |
| 9 | 🇲🇰 North Macedonia | €160.7M | 219.9Mt | €0.7305/kg | 3.3% | |
| 10 | 🇰🇿 Kazakhstan | €96.1M | 193.5Mt | €0.4968/kg | 2.0% |
Third-country target markets
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €923.9M | 1.2Bt | €0.7915/kg | 38.3% | |
| 2 | 🇨🇭 Switzerland | €505.5M | 640.5Mt | €0.7893/kg | 21.0% | |
| 3 | 🇺🇸 United States | €423.7M | 556.4Mt | €0.7615/kg | 17.6% | |
| 4 | 🇨🇦 Canada | €197.0M | 330.8Mt | €0.5957/kg | 8.2% | |
| 5 | 🇳🇴 Norway | €172.0M | 227.9Mt | €0.7547/kg | 7.1% | |
| 6 | 🇽🇸 XS | €50.9M | 61.6Mt | €0.8259/kg | 2.1% | |
| 7 | 🇹🇷 Turkey | €41.5M | 48.7Mt | €0.8538/kg | 1.7% | |
| 8 | 🇧🇦 Bosnia and Herzegovina | €40.8M | 49.9Mt | €0.8176/kg | 1.7% | |
| 9 | 🇱🇮 Liechtenstein | €36.6M | 30.3Mt | €1.21/kg | 1.5% | |
| 10 | 🇲🇦 Morocco | €19.7M | 29.3Mt | €0.6701/kg | 0.8% |