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730721 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.85BRnk 1495 / 4644
2023
Top Exporter | Top Importer $544M | $227MChina | United States
2023
Product Complexity 1.33Rnk 298 / 4656
2022 - 2023
Export Growth (CAGR) -3%Rnk 1858 / 4644
2023
Share of World Trade 0.0082%Rnk 1495 / 4644

About

Overview This page contains the latest trade data of Flanges, stainless steel. In 2023, Flanges, stainless steel were the world's 1495th most traded product, with a total trade of $1.85B. Between 2022 and 2023 the exports of Flanges, stainless steel decreased by -3%, from $1.91B to $1.85B. Trade in Flanges, stainless steel represent 0.0082% of total world trade.

Flanges, stainless steel are a part of Iron Pipe Fittings.

Exports In 2023 the top exporters of Flanges, stainless steel  were China ($544M), India ($308M), Italy ($235M), Germany ($142M), and United States ($92.3M).

Imports In 2023 the top importers of Flanges, stainless steel were United States ($227M), Germany ($167M), Mexico ($92.9M), Netherlands ($91.2M), and South Korea ($82.7M).

Ranking Flanges, stainless steel ranks 298th in the Product Complexity Index (PCI).

Description Flanges are a type of one-piece metal fitting that is used to connect pipes, tubes, hoses, and other pieces of equipment. They are commonly used in construction, plumbing, and in many other industries. They are installed at wall/floor/ceiling junctions, transitions between horizontal and vertical piping, and fittings of multiple pieces of equipment. Flanges are available in a variety of sizes, materials, and finishes. Stainless steel can be used as a material for flanges because it is durable and a good conductor of heat. Stainless steel flanges are used in construction

Latest Trends

Latest Data

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The following visualization shows the latest trends on Flanges, stainless steel. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$544M
Top Destination (2023)United States$227M

In 2023 Flanges, stainless steel were the world's 1495th most traded product (out of 4,644).

In 2023, the top exporters of Flanges, stainless steel were China ($544M), India ($308M), Italy ($235M), Germany ($142M), and United States ($92.3M).

In 2023, the top importers of Flanges, stainless steel were United States ($227M), Germany ($167M), Mexico ($92.9M), Netherlands ($91.2M), and South Korea ($82.7M).

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Exporters of Flanges, stainless steel (2023)
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Importers of Flanges, stainless steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$17.7M
Top Destination Decrease (2022 -  2023)United States-$33.1M

Between 2022 and 2023, the exports of Flanges, stainless steel grew the fastest in Italy ($17.7M), India ($10.7M), Netherlands ($4.1M), Denmark ($2.61M), and Norway ($2.33M).

Between 2022 and 2023, the fastest declining importers of Flanges, stainless steel were United States (-$33.1M), Germany (-$27.1M), Japan (-$25.8M), Canada (-$14M), and Italy (-$10.6M).

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Exporters of Flanges, stainless steel (2022 - 2023)

Importers of Flanges, stainless steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Flanges, stainless steel.

In 2023, market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Flanges, stainless steel are explained by 12 countries.

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Value of Exports in Flanges, stainless steel

Net Trade

TOP NET EXPORTER (2023)China$505M
TOP NET IMPORTER (2023)United States$135M

This map shows which countries export or import more of Flanges, stainless steel. Each country is colored based on the difference in exports and imports of Flanges, stainless steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Flanges, stainless steel were China ($505M), India ($284M), Italy ($178M), Spain ($22.7M), and Vietnam ($13.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Flanges, stainless steel were United States ($135M), Mexico ($84.2M), Japan ($56.2M), United Arab Emirates ($47.2M), and Netherlands ($44.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Flanges, stainless steel.
It is possible to select the main countries that export or import Flanges, stainless steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Flanges, stainless steel by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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