Overview In June 2023 China's Flat-Rolled Stainless Steel exports accounted up to $48M and imports accounted up to $21.8M, resulting in a positive trade balance of $26.3M. Between June 2022 and June 2023 the exports of China's Flat-Rolled Stainless Steel have decreased by $-148M (-75.5%) from $196M to $48M, while imports decreased by $-10.6M (-32.7%) from $32.3M to $21.8M.
Destinations In June 2023, Flat-Rolled Stainless Steel were exported mostly to India ($12.7M), Turkey ($7.2M), Russia ($2.97M), Vietnam ($2.76M), and United States ($2.59M), and were imported mostly from Japan ($7.69M), Germany ($2.22M), South Korea ($2.05M), Sweden ($1.85M), and Taiwan ($1.8M).
Growth In June 2023, the decrease in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-6.94M or -38.9%), United Arab Emirates ($-1.72M or -58.2%), and South Korea ($-813k or -42.1%). In June 2023, the decrease in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-662k or -11.7%), Sweden ($-655k or -18.3%), and China ($-223k or -23.8%).