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2022
Exports $223MWorld Rnk 7 / 91
Flag Rnk 742 / 1216
2022
Destination $93.9M Japan
2021 - 2022
FASTEST GROWING MARKET $93.9MJapan
2022
PRODUCT COMPLEXITY IN Steel Ingots0.23Rnk 480 / 1025
2022
Imports $203MWorld Rnk 5 / 163
Flag Rnk 514 / 1212
2022
Origin $40.9M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $40.9MSweden
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $223M in Steel Ingots, making it the 7th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 742nd most exported product in China. The main destination of Steel Ingots exports from China are: Japan ($138M), Romania ($18.3M), Vietnam ($14.8M), Chinese Taipei ($13.6M), and Italy ($9.99M).

The fastest growing export markets for Steel Ingots of China between 2021 and 2022 were Japan ($93.9M), Romania ($18.3M), and Vietnam ($12.7M).

Imports In 2022, China imported $203M in Steel Ingots, becoming the 5th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 514th most imported product in China. China imports Steel Ingots primarily from: Sweden ($89.7M), Japan ($53.2M), Germany ($15.2M), Vietnam ($13.2M), and United States ($8.5M).

The fastest growing import markets in Steel Ingots for China between 2021 and 2022 were Sweden ($40.9M), Russia ($5.65M), and United Kingdom ($1.98M).

COMPANIES In 2023, leading companies such as Amazon (5), Mystic Apparel (1), and Walmart (1) were at the forefront of shipping Steel Ingots from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Steel Ingots exports accounted up to $7.17M and imports accounted up to $18.3M, resulting in a negative trade balance of $11.1M. Between July 2023 and July 2024 the exports of China's   Steel Ingots have decreased by $-4.44M (-38.2%) from $11.6M to $7.17M, while imports decreased by $-1.02M (-5.29%) from $19.3M to $18.3M.

Destinations In July 2024, Steel Ingots were exported mostly to Chinese Taipei ($6.72M), Belgium ($232k), India ($216k), and Russia ($4), and were imported mostly from Sweden ($7.69M), Germany ($4.9M), Austria ($2.16M), Italy ($1.44M), and Malaysia ($488k).

Growth In July 2024, the decrease in Steel Ingots's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from Japan ($-2M or -99.6%), Canada ($-1.91M or -83.5%), and South Korea ($-11.3k or -42.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4.44M(-38.2%)
IMPORT GROWTH (July 2023 - July 2024)$-1.02M(-5.29%)
MAIN EXPORTER (July 2024)Jiangsu Province$8.73M
MAIN DESTINATION (July 2024)Chinese Taipei$6.72M

This section shows Steel Ingots'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 Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$223M
IMPORTS (2022)$203M
NET TRADE (2022)$20M

In 2022, China exported $223M in Steel Ingots. The main destinations of China exports on Steel Ingots were Japan ($138M), Romania ($18.3M), Vietnam ($14.8M), Chinese Taipei ($13.6M), and Italy ($9.99M).

In 2022, China imported $203M in Steel Ingots, mainly from Sweden ($89.7M), Japan ($53.2M), Germany ($15.2M), Vietnam ($13.2M), and United States ($8.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$93.9M (214%)
Romania$18.3M (9.77M%)
Vietnam$12.7M (599%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY China WERE (2021 - 2022):
Iran-$683k (-100%)
Denmark-$559k (-98.2%)
Sweden-$460k (-88.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Steel Ingots were:
Brazil $811M
Germany $381M
Italy $359M
In 2022, China's main importing competitors in Steel Ingots were:
United States $1.68B
Germany $387M
Italy $358M

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.07M
TOP IMPORT POTENTIALBrazil+ $10.5M

Steel Ingots’s highest export potential is India. With an export gap of $6.07M.   Steel Ingots’s highest import potential is Brazil with an import gap of $10.5M.

See methodology.

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