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2022
Exports $224MWorld Rnk 4 / 126
Flag Rnk 598 / 1216
2022
Destination $6.58M Switzerland
2021 - 2022
FASTEST GROWING MARKET $6.58MItaly
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $435MWorld Rnk 1 / 202
Flag Rnk 464 / 1215
2022
Origin $6.78M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $6.78MSweden
2022
ECONOMIC COMPLEXITY of Germany1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $224M in Stainless Steel Wire, making it the 4th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 598th most exported product in Germany. The main destination of Stainless Steel Wire exports from Germany are: Switzerland ($30.7M), United States ($19.1M), France ($19.1M), Italy ($16.8M), and Netherlands ($15.4M).

The fastest growing export markets for Stainless Steel Wire of Germany between 2021 and 2022 were Italy ($6.58M), United States ($6.53M), and France ($5.17M).

Imports In 2022, Germany imported $435M in Stainless Steel Wire, becoming the 1st largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 464th most imported product in Germany. Germany imports Stainless Steel Wire primarily from: South Korea ($57.7M), Netherlands ($56M), Sweden ($53.5M), Italy ($42.2M), and India ($41.9M).

The fastest growing import markets in Stainless Steel Wire for Germany between 2021 and 2022 were Sweden ($6.78M), South Korea ($5.75M), and China ($4.87M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Stainless Steel Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$224M
IMPORTS (2022)$435M
NET TRADE (2022)-$211M

In 2022, Germany exported $224M in Stainless Steel Wire. The main destinations of Germany exports on Stainless Steel Wire were Switzerland ($30.7M), United States ($19.1M), France ($19.1M), Italy ($16.8M), and Netherlands ($15.4M).

In 2022, Germany imported $435M in Stainless Steel Wire, mainly from South Korea ($57.7M), Netherlands ($56M), Sweden ($53.5M), Italy ($42.2M), and India ($41.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Italy$6.58M (64.6%)
United States$6.53M (51.8%)
France$5.17M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Germany WERE (2021 - 2022):
United Kingdom-$6.21M (-56.7%)
Mexico-$2.97M (-69.4%)
Belgium-$1.37M (-25.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Stainless Steel Wire were:
India $526M
China $429M
South Korea $291M
In 2022, Germany's main importing competitors in Stainless Steel Wire were:
United States $345M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.87M
TOP IMPORT POTENTIALIndia+ $11.2M

Stainless Steel Wire’s highest export potential is France. With an export gap of $6.87M.   Stainless Steel Wire’s highest import potential is India with an import gap of $11.2M.

See methodology.

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