Flat-Rolled Stainless Steel in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $901M in Flat-Rolled Stainless Steel, making it the 2nd largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 463rd most exported product in China. The main destination of Flat-Rolled Stainless Steel exports from China are: Turkey ($117M), Vietnam ($85.1M), India ($59.5M), Pakistan ($54.1M), and United States ($51.2M).

The fastest growing export markets for Flat-Rolled Stainless Steel of China between 2021 and 2022 were Turkey ($37.1M), United States ($23.4M), and Bangladesh ($23.2M).

Imports In 2022, China imported $321M in Flat-Rolled Stainless Steel, becoming the 5th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 443rd most imported product in China. China imports Flat-Rolled Stainless Steel primarily from: Japan ($113M), Hong Kong ($38.7M), Chinese Taipei ($32.2M), Sweden ($29.6M), and United States ($28.1M).

The fastest growing import markets in Flat-Rolled Stainless Steel for China between 2021 and 2022 were Malaysia ($3.2M), Belgium ($1.22M), and Italy ($588k).

COMPANIES In 2023, leading companies such as COSTCO WHOLESALE COPRORATION (348), LG ELECTRONICS U.S.A. INC. (178), and WAL-MART INC. (134) were at the forefront of shipping Flat-Rolled Stainless Steel from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Flat-Rolled Stainless Steel exports accounted up to $30.6M and imports accounted up to $12.9M, resulting in a positive trade balance of $17.7M. Between February 2023 and February 2024 the exports of China's Flat-Rolled Stainless Steel have decreased by $-20.6M (-40.3%) from $51.2M to $30.6M, while imports decreased by $-8.96M (-41%) from $21.9M to $12.9M.

Destinations In February 2024, Flat-Rolled Stainless Steel were exported mostly to India ($5.32M), Turkey ($3.83M), Vietnam ($2.38M), Thailand ($2.09M), and Russia ($1.73M), and were imported mostly from Japan ($5.05M), Sweden ($2.08M), United States ($1.76M), South Korea ($1.59M), and Germany ($688k).

Growth In February 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to India ($-41.5M or -55.8%), Vietnam ($-8.22M or -75.4%), and Egypt ($-7.04M or -83.6%). In February 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Japan ($-7.66M or -62.2%), Taiwan ($-3.81M or -76.6%), and South Korea ($-1.51M or -54.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-20.6M(-40.3%)

IMPORT GROWTH (February 2023 - February 2024)$-8.96M(-41%)

MAIN EXPORTER (February 2024)Guangdong Province$13M

MAIN DESTINATION (February 2024)India$5.32M

This section shows Flat-Rolled Stainless Steel'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 Flat-Rolled Stainless Steel over time.

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