2023
Exports
$165MWorld Rnk 5 / 78
Flag Rnk 334 / 1212
2023
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars
1.66Rnk 26 / 1025
2023
Imports
$38.4MWorld Rnk 11 / 152
Flag Rnk 639 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $165M in Hot-Rolled Stainless Steel Bars, making it the 5th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 334th most exported product in India. The main destination of Hot-Rolled Stainless Steel Bars exports from India are: Italy ($42.4M), Germany ($22.1M), United Arab Emirates ($20.3M), Brazil ($16.6M), and Mexico ($10.1M).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of India between 2022 and 2023 were Brazil ($5.21M), Indonesia ($5.09M), and Turkey ($2.02M).

Imports In 2023, India imported $38.4M in Hot-Rolled Stainless Steel Bars, becoming the 11th largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 639th most imported product in India. India imports Hot-Rolled Stainless Steel Bars primarily from: Chinese Taipei ($14.5M), Japan ($10.4M), China ($5.49M), South Korea ($4.57M), and United States ($819k).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for India between 2022 and 2023 were Japan ($2.41M), Sweden ($439k), and France ($365k).

Latest Trends

Dec 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 Hot-Rolled Stainless Steel Bars. 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 (2023)$165M
IMPORTS (2023)$38.4M
NET TRADE (2023)$126M

In 2023, India exported $165M in Hot-Rolled Stainless Steel Bars. The main destinations of India exports on Hot-Rolled Stainless Steel Bars were Italy ($42.4M), Germany ($22.1M), United Arab Emirates ($20.3M), Brazil ($16.6M), and Mexico ($10.1M).

In 2023, India imported $38.4M in Hot-Rolled Stainless Steel Bars, mainly from Chinese Taipei ($14.5M), Japan ($10.4M), China ($5.49M), South Korea ($4.57M), and United States ($819k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR India WERE (2022 - 2023):
Brazil$5.21M (45.6%)
Indonesia$5.09M (146%)
Turkey$2.02M (155%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY India WERE (2022 - 2023):
Italy-$20.2M (-32.3%)
Netherlands-$16.2M (-92%)
Finland-$7.82M (-51.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
In 2023, India's main importing competitors in Hot-Rolled Stainless Steel Bars were:

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Trade Value of Hot-Rolled Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.57M
TOP IMPORT POTENTIALChina+ $7.59M

Hot-Rolled Stainless Steel Bars’s highest export potential is Germany. With an export gap of $5.57M.   Hot-Rolled Stainless Steel Bars’s highest import potential is China with an import gap of $7.59M.

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