HS 720310 Buyers of Ferrous products

Ferrous products; obtained by direct reduction of iron ore, in lumps, pellets or similar forms. World imports reached $4.72B in 2023.

Top buyers · Open tenders (29)

Top importing countries

World imports $4.72B (2023, 91 reporting countries, UN Comtrade).

#CountryImportsShare
1Saudi Arabia$1.16B24.6%
2USA$592.8M12.6%
3Oman$481.4M10.2%
4Italy$333.0M7.1%
5India$254.8M5.4%
6Türkiye$234.6M5.0%
7Kuwait$208.2M4.4%
8Germany$204.4M4.3%
9Rep. of Korea$161.4M3.4%
10Viet Nam$132.8M2.8%

Open government tenders

EU, UK and World Bank notices · updated 16 Oct 2026 · check full notice before bidding

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Exporting from India? Duty & RoDTEP rates

Basic customs duty (MFN)

5%

Applied MFN rate, 1 tariff line(s), WITS 2023. Excludes AIDC & SWS.

RoDTEP (export incentive)

Not listed

DGFT Appendix 4R, w.e.f. 10 Oct 2024.

IGST & duty drawback

Check official schedule

IGST: CBIC GST rates · Drawback: CBIC drawback schedule.

Related HS codes