HS Icon Large Flat-Rolled Stainless Steel

7219 (Harmonized System 1992 for 4-digit)

World Trade (2018): $33.1B, Rnk 111 / 1225

Top Exporter (2018): $5.29B, China

Top Importer (2018): $4.08B, Germany

Product Complexity (2018): 1.13, Rnk 130 / 1018

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 574 / 1225

Mean Tariff (2018): 4.81%, Rnk 853 / 1259

Share of World Trade (2018): 0.18%, Rnk 111 / 1225

Overview:  This page contains the latest trade data of Large Flat-Rolled Stainless Steel. In 2018, Large Flat-Rolled Stainless Steel were the world's 111th most traded product, with a total trade of $33.1B. Between 2017 and 2018 the exports of Large Flat-Rolled Stainless Steel grew by 13.9%, from  $29B to $33.1B. Trade in Large Flat-Rolled Stainless Steel represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Large Flat-Rolled Stainless Steel  were China ($5.29B), Belgium-Luxembourg ($3.57B), Finland ($2.81B), South Korea ($2.5B), and Indonesia ($2.35B).

Imports: In 2018 the top importers of Large Flat-Rolled Stainless Steel were Germany ($4.08B), Italy ($2.95B), Netherlands ($1.93B), China ($1.92B), and South Korea ($1.84B).

Tariffs: In 2018 the average tariff for Large Flat-Rolled Stainless Steel was 4.81%, been the 853 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Flat-Rolled Stainless Steel are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Cameroon (19.6%), and Gabon (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Large Flat-Rolled Stainless Steel ranks 130th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.29B

Top Destination (2018): Germany, $4.08B

Large Flat-Rolled Stainless Steel are the world's 111th most traded product.

In 2018, the top exporters of Large Flat-Rolled Stainless Steel were China ($5.29B), Belgium-Luxembourg ($3.57B), Finland ($2.81B), South Korea ($2.5B), and Indonesia ($2.35B).

In 2018, the top importers of Large Flat-Rolled Stainless Steel were Germany ($4.08B), Italy ($2.95B), Netherlands ($1.93B), China ($1.92B), and South Korea ($1.84B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $1.8B

Top Destination Growth (2017 - 2018): China, $568M

Between 2017 and 2018, the exports of Large Flat-Rolled Stainless Steel grew the fastest in Indonesia ($1.8B), Belgium-Luxembourg ($738M), Netherlands ($468M), Chinese Taipei ($381M), and Italy ($246M).

Between 2017 and 2018, the fastest growing importers of Large Flat-Rolled Stainless Steel were China ($568M), Germany ($493M), Italy ($281M), Vietnam ($262M), and France ($226M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Large Flat-Rolled Stainless Steel.

In 2018,  market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Large Flat-Rolled Stainless Steel are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $3.38B

TOP NET IMPORTER (2018): Germany, $3.01B

This map shows which countries export or import more of Large Flat-Rolled Stainless Steel. Each country is colored based on the difference in exports and imports of Large Flat-Rolled Stainless Steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Large Flat-Rolled Stainless Steel were China ($3.38B), Belgium-Luxembourg ($2.77B), Finland ($2.62B), Indonesia ($1.89B), and Sweden ($1.07B).

In 2018, the countries that had a largest trade value in imports than in exports of Large Flat-Rolled Stainless Steel were Germany ($3.01B), Italy ($1.32B), Vietnam ($989M), Turkey ($752M), and Netherlands ($705M).

Trade Forecasts

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This section shows forecasts for total trade for Large Flat-Rolled Stainless Steel. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Large Flat-Rolled Stainless Steel was 4.81%.  The countries with the highest tariffs for importing Large Flat-Rolled Stainless Steel were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Cameroon (19.6%), and Gabon (19.6%).

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Product Complexity

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Diversification Frontier

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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.