2023
Exports
$429MWorld Rnk 1 / 128
Flag Rnk 184 / 1212
2023
PRODUCT COMPLEXITY IN Stainless Steel Wire
1.45Rnk 53 / 1025
2023
Imports
$34.8MWorld Rnk 22 / 203
Flag Rnk 655 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $429M in Stainless Steel Wire, making it the 1st largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 184th most exported product in India. The main destination of Stainless Steel Wire exports from India are: United States ($70.8M), Netherlands ($48.3M), Germany ($44.1M), Russia ($38.6M), and Turkey ($25.1M).

The fastest growing export markets for Stainless Steel Wire of India between 2022 and 2023 were Russia ($10.5M), Slovakia ($1.31M), and Belgium ($1.2M).

Imports In 2023, India imported $34.8M in Stainless Steel Wire, becoming the 22nd largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 655th most imported product in India. India imports Stainless Steel Wire primarily from: Japan ($10.2M), China ($6.67M), Sweden ($4.31M), United States ($3.3M), and Germany ($2.19M).

The fastest growing import markets in Stainless Steel Wire for India between 2022 and 2023 were Oman ($940k), United States ($745k), and France ($320k).

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 Stainless Steel Wire. 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)$429M
IMPORTS (2023)$34.8M
NET TRADE (2023)$394M

In 2023, India exported $429M in Stainless Steel Wire. The main destinations of India exports on Stainless Steel Wire were United States ($70.8M), Netherlands ($48.3M), Germany ($44.1M), Russia ($38.6M), and Turkey ($25.1M).

In 2023, India imported $34.8M in Stainless Steel Wire, mainly from Japan ($10.2M), China ($6.67M), Sweden ($4.31M), United States ($3.3M), and Germany ($2.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR India WERE (2022 - 2023):
Russia$10.5M (37.2%)
Slovakia$1.31M (37.3%)
Belgium$1.2M (80.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY India WERE (2022 - 2023):
United States-$56M (-44.2%)
Netherlands-$14M (-22.4%)
France-$11.7M (-37.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Stainless Steel Wire were:
In 2023, India's main importing competitors in Stainless Steel Wire were:

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $11.2M
TOP IMPORT POTENTIALChina+ $10.6M

Stainless Steel Wire’s highest export potential is Germany. With an export gap of $11.2M.   Stainless Steel Wire’s highest import potential is China with an import gap of $10.6M.

See methodology.

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