2022
Exports
$381MWorld Rnk 2 / 91
Flag Rnk 471 / 1216
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$387MWorld Rnk 2 / 163
Flag Rnk 491 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $381M in Steel Ingots, making it the 2nd largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 471st most exported product in Germany. The main destination of Steel Ingots exports from Germany are: France ($182M), United States ($27.5M), Spain ($26.4M), Austria ($24.8M), and Italy ($23.6M).

The fastest growing export markets for Steel Ingots of Germany between 2021 and 2022 were France ($114M), Italy ($13.8M), and United States ($9.24M).

Imports In 2022, Germany imported $387M in Steel Ingots, becoming the 2nd largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 491st most imported product in Germany. Germany imports Steel Ingots primarily from: Italy ($76.9M), Turkey ($70.6M), France ($65.8M), Austria ($56.8M), and Czechia ($45.9M).

The fastest growing import markets in Steel Ingots for Germany between 2021 and 2022 were Spain ($15M), Austria ($12.1M), and Turkey ($10.2M).

COMPANIES In 2023, leading companies such as Rolls-Royce (3) were at the forefront of shipping Steel Ingots from Germany to the United States.

Latest Trends

Jul 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 Steel Ingots. 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 (2022)$381M
IMPORTS (2022)$387M
NET TRADE (2022)-$6.56M

In 2022, Germany exported $381M in Steel Ingots. The main destinations of Germany exports on Steel Ingots were France ($182M), United States ($27.5M), Spain ($26.4M), Austria ($24.8M), and Italy ($23.6M).

In 2022, Germany imported $387M in Steel Ingots, mainly from Italy ($76.9M), Turkey ($70.6M), France ($65.8M), Austria ($56.8M), and Czechia ($45.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Germany WERE (2021 - 2022):
France$114M (168%)
Italy$13.8M (140%)
United States$9.24M (50.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Germany WERE (2021 - 2022):
China-$31.2M (-67.3%)
Sweden-$3.3M (-40.7%)
Turkey-$2.85M (-82.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Steel Ingots were:
Italy $359M
In 2022, Germany's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $15.7M
TOP IMPORT POTENTIALAustria+ $7.95M

Steel Ingots’s highest export potential is United States. With an export gap of $15.7M.   Steel Ingots’s highest import potential is Austria with an import gap of $7.95M.

See methodology.

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