Large Flat-Rolled Stainless Steel in China 2021 Exports | Imports : $6.62B | $3.01B, World Rnk 2 / 133 Rnk 97 / 1215 | World Rnk 3 / 209 Rnk 110 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $392M | $1.6B, Turkey | Indonesia
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel: 1.05, Rnk 156 / 1029
Exports In 2021, China exported $6.62B in Large Flat-Rolled Stainless Steel, making it the 2nd largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 97th most exported product in China. The main destination of Large Flat-Rolled Stainless Steel exports from China are: South Korea ($744M), Chinese Taipei ($674M), Turkey ($602M), Russia ($572M), and Vietnam ($514M).
The fastest growing export markets for Large Flat-Rolled Stainless Steel of China between 2020 and 2021 were Turkey ($392M), Russia ($340M), and India ($274M).
Imports In 2021, China imported $3.01B in Large Flat-Rolled Stainless Steel, becoming the 3rd largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 110th most imported product in China. China imports Large Flat-Rolled Stainless Steel primarily from: Indonesia ($2.35B), Japan ($225M), South Korea ($179M), Finland ($55.6M), and Chinese Taipei ($38.6M).
The fastest growing import markets in Large Flat-Rolled Stainless Steel for China between 2020 and 2021 were Indonesia ($1.6B), Finland ($33.5M), and United Arab Emirates ($12.9M).
Tariffs In 2018, the average tariff for China in Large Flat-Rolled Stainless Steel was 5.83%. The countries with the highest import tariffs for Large Flat-Rolled Stainless Steel were Bangladesh (Most Favoured Nation duty rate treatment, 10%), India (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 9.3%), Sri Lanka (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 9.3%), Burkina Faso (Most Favoured Nation duty rate treatment, 7.39%), and Botswana (Most Favoured Nation duty rate treatment, 7.39%).
April 2023
Overview In April 2023 China's Large Flat-Rolled Stainless Steel exports accounted up to $778M and imports accounted up to $248M, resulting in a positive trade balance of $530M. Between April 2022 and April 2023 the exports of China's Large Flat-Rolled Stainless Steel have decreased by $-178M (-18.6%) from $956M to $778M, while imports decreased by $-84.6M (-25.5%) from $332M to $248M.
Destinations In April 2023, Large Flat-Rolled Stainless Steel were exported mostly to India ($195M), Turkey ($70.8M), Russia ($67.6M), South Korea ($62.6M), and Vietnam ($48.7M), and were imported mostly from Indonesia ($203M), South Korea ($19.3M), Japan ($11.2M), Finland ($5.53M), and Sweden ($3.32M).
Growth In April 2023, the decrease in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-21.5M or -34.4%), Democratic Republic of the Congo ($-4.27M or -57.2%), and Nepal ($-2.03M or -62.4%). In April 2023, the decrease in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Belgium ($-1.21M or -60.2%), Austria ($-383k or -80%), and Italy ($-370k or -99.7%).
EXPORT GROWTH (April 2022 - April 2023): $-178M, (-18.6%)
IMPORT GROWTH (April 2022 - April 2023): $-84.6M, (-25.5%)
MAIN EXPORTER (April 2023): Zhejiang Province, $179M
MAIN DESTINATION (April 2023): India, $195M
This section shows Large 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 Large Flat-Rolled Stainless Steel over time.
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EXPORTS (2021): $6.62B
IMPORTS (2021): $3.01B
NET TRADE (2021): $3.61B
In 2021, China exported $6.62B in Large Flat-Rolled Stainless Steel. The main destinations of China exports on Large Flat-Rolled Stainless Steel were South Korea ($744M), Chinese Taipei ($674M), Turkey ($602M), Russia ($572M), and Vietnam ($514M).
In 2021, China imported $3.01B in Large Flat-Rolled Stainless Steel, mainly from Indonesia ($2.35B), Japan ($225M), South Korea ($179M), Finland ($55.6M), and Chinese Taipei ($38.6M).
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Large Flat-Rolled Stainless Steel were:
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