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722300 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.61BRnk 1197 / 4644
2023
Top Exporter | Top Importer $429M | $279MIndia | Germany
2023
Product Complexity 1.51Rnk 170 / 4656
2022 - 2023
Export Growth (CAGR) -15.5%Rnk 3281 / 4644
2023
Share of World Trade 0.012%Rnk 1197 / 4644

About

Overview This page contains the latest trade data of Wire of stainless steel. In 2023, Wire of stainless steel were the world's 1197th most traded product, with a total trade of $2.61B. Between 2022 and 2023 the exports of Wire of stainless steel decreased by -15.5%, from $3.09B to $2.61B. Trade in Wire of stainless steel represent 0.012% of total world trade.

Wire of stainless steel are a part of Stainless Steel Wire.

Exports In 2023 the top exporters of Wire of stainless steel  were India ($429M), China ($331M), South Korea ($246M), United States ($231M), and Germany ($203M).

Imports In 2023 the top importers of Wire of stainless steel were Germany ($279M), United States ($240M), China ($171M), Italy ($161M), and Costa Rica ($127M).

Ranking Wire of stainless steel ranks 170th in the Product Complexity Index (PCI).

Description Stainless steel is a metal alloy, which can be used for many purposes. It is used for kitchen utensils, cooking pans, cutlery, and many other common household items. It is also used in the medical and aerospace industries, as well as in the plumbing and automotive industries. Stainless steel is non-rusting, and is easy to clean.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wire of 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)India$429M
Top Destination (2023)Germany$279M

In 2023 Wire of stainless steel were the world's 1197th most traded product (out of 4,644).

In 2023, the top exporters of Wire of stainless steel were India ($429M), China ($331M), South Korea ($246M), United States ($231M), and Germany ($203M).

In 2023, the top importers of Wire of stainless steel were Germany ($279M), United States ($240M), China ($171M), Italy ($161M), and Costa Rica ($127M).

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Exporters of Wire of stainless steel (2023)
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Importers of Wire of stainless steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$43.5M
Top Destination Growth (2022 -  2023)Costa Rica$34.6M

Between 2022 and 2023, the exports of Wire of stainless steel grew the fastest in United States ($43.5M), Czechia ($7.52M), Kazakhstan ($5.44M), Austria ($3.43M), and Belgium ($2.86M).

Between 2022 and 2023, the fastest growing importers of Wire of stainless steel were Costa Rica ($34.6M), Russia ($22.7M), Finland ($8.73M), Kazakhstan ($8.25M), and Brazil ($5.37M).

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Exporters of Wire of stainless steel (2022 - 2023)

Importers of Wire of stainless steel (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Wire of stainless steel are explained by 18 countries.

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Value of Exports in Wire of stainless steel

Net Trade

TOP NET EXPORTER (2023)India$394M
TOP NET IMPORTER (2023)Costa Rica$123M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wire of stainless steel were India ($394M), South Korea ($164M), China ($160M), Sweden ($115M), and Czechia ($96M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire of stainless steel were Costa Rica ($123M), Mexico ($84.9M), Russia ($77.3M), Germany ($76M), and Italy ($72.5M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Wire of 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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