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2022
Exports | Imports $39.3M | $3.12BWorld Rnk 15 / 104
Flag Rnk 985 / 1216
World Rnk 1 / 180
Flag Rnk 107 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $5.34M | $69.8MVietnam |  South Korea
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.17Rnk 114 / 1025

About

Exports In 2022, China exported $39.3M in Stainless Steel Ingots, making it the 15th largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 985th most exported product in China. The main destination of Stainless Steel Ingots exports from China are: Vietnam ($6.51M), Indonesia ($5.01M), United States ($3.87M), Japan ($3.06M), and India ($2.9M).

The fastest growing export markets for Stainless Steel Ingots of China between 2021 and 2022 were Vietnam ($5.34M), India ($2.7M), and Japan ($2.5M).

Imports In 2022, China imported $3.12B in Stainless Steel Ingots, becoming the 1st largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 107th most imported product in China. China imports Stainless Steel Ingots primarily from: Indonesia ($2.96B), South Korea ($93M), Chinese Taipei ($17M), United Kingdom ($16.7M), and France ($6.86M).

The fastest growing import markets in Stainless Steel Ingots for China between 2021 and 2022 were South Korea ($69.8M), Indonesia ($26.7M), and United Kingdom ($12.7M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (116), SAMSUNG ELECTRONICS AMERICA (98), and COSTCO WHOLESALE COPRORATION (58) were at the forefront of shipping Stainless Steel Ingots from China to the United States.

Latest Trends

January 2024

About

Overview In January 2024 China's Stainless Steel Ingots exports accounted up to $23.6k and imports accounted up to $131M, resulting in a negative trade balance of $131M. Between March 2022 and January 2024 the exports of China's   Stainless Steel Ingots have increased by $23.6k (393k%) from $6 to $23.6k, while imports increased by $42M (47.2%) from $89M to $131M.

Destinations In January 2024, Stainless Steel Ingots were exported mostly to , and were imported mostly from Indonesia ($125M), United Kingdom ($2.75M), Sweden ($1.04M), Italy ($930k), and Taiwan ($289k).

Growth In January 2024, the increase in Stainless Steel Ingots's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the increase in Stainless Steel Ingots's year-by-year imports was explained primarily by an increase in imports from South Korea ($39.9M or 1.66k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2022 - January 2024)$23.6k(393k%)
IMPORT GROWTH (February 2023 - February 2024)$42M(47.2%)
MAIN EXPORTER (January 2024)Guangdong Province$23.6k
MAIN DESTINATION (January 2024)

This section shows Stainless Steel Ingots's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Stainless Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.3M
IMPORTS (2022)$3.12B
NET TRADE (2022)-$3.08B

In 2022, China exported $39.3M in Stainless Steel Ingots. The main destinations of China exports on Stainless Steel Ingots were Vietnam ($6.51M), Indonesia ($5.01M), United States ($3.87M), Japan ($3.06M), and India ($2.9M).

In 2022, China imported $3.12B in Stainless Steel Ingots, mainly from Indonesia ($2.96B), South Korea ($93M), Chinese Taipei ($17M), United Kingdom ($16.7M), and France ($6.86M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$5.34M (455%)
India$2.7M (1.37k%)
Japan$2.5M (446%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY China WERE (2021 - 2022):
Saudi Arabia-$1.74M (-100%)
Chinese Taipei-$1.3M (-89.4%)
Netherlands-$701k (-34.6%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
Sweden $298M
In 2022, China's main importing competitors in Stainless Steel Ingots were:
India $641M
Sweden $541M

Explore Visualizations

Trade Value of Stainless Steel Ingots by Exporters

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