Flat-Rolled Stainless Steel in China 2021 Exports | Imports : $826M | $347M, World Rnk 1 / 110 Rnk 445 / 1215 | World Rnk 2 / 200 Rnk 424 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $46.3M | $18.2M, Turkey | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel: 1.52, Rnk 45 / 1024
Exports In 2021, China exported $826M in Flat-Rolled Stainless Steel, making it the 1st largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 445th most exported product in China. The main destination of Flat-Rolled Stainless Steel exports from China are: Vietnam ($116M), Turkey ($80M), Pakistan ($53.1M), Thailand ($48.4M), and India ($46.5M).
The fastest growing export markets for Flat-Rolled Stainless Steel of China between 2020 and 2021 were Turkey ($46.3M), Pakistan ($42.5M), and United States ($25.1M).
Imports In 2021, China imported $347M in Flat-Rolled Stainless Steel, becoming the 2nd largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 424th most imported product in China. China imports Flat-Rolled Stainless Steel primarily from: Japan ($124M), Chinese Taipei ($40M), Hong Kong ($38.7M), United States ($33.9M), and Sweden ($31.7M).
The fastest growing import markets in Flat-Rolled Stainless Steel for China between 2020 and 2021 were Japan ($18.2M), United States ($17M), and Chinese Taipei ($11.4M).
June 2023
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%).
EXPORT GROWTH (June 2022 - June 2023): $-148M, (-75.5%)
IMPORT GROWTH (June 2022 - June 2023): $-10.6M, (-32.7%)
MAIN EXPORTER (June 2023): Jiangxi Province, $35.9M
MAIN DESTINATION (June 2023): India, $12.7M
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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EXPORTS (2021): $826M
IMPORTS (2021): $347M
NET TRADE (2021): $479M
In 2021, China exported $826M in Flat-Rolled Stainless Steel. The main destinations of China exports on Flat-Rolled Stainless Steel were Vietnam ($116M), Turkey ($80M), Pakistan ($53.1M), Thailand ($48.4M), and India ($46.5M).
In 2021, China imported $347M in Flat-Rolled Stainless Steel, mainly from Japan ($124M), Chinese Taipei ($40M), Hong Kong ($38.7M), United States ($33.9M), and Sweden ($31.7M).
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Flat-Rolled Stainless Steel were:
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