HS Icon Other Stainless Steel Bars

7222 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.55B, Rnk 440 / 1225

Top Exporter (2018): $1.14B, Italy

Top Importer (2018): $1.14B, Germany

Product Complexity (2018): 1.42, Rnk 61 / 1018

Export Growth (CAGR)(2017 - 2018): 21.3%, Rnk 305 / 1225

Mean Tariff (2018): 5%, Rnk 819 / 1259

Share of World Trade (2018): 0.036%, Rnk 440 / 1225

Overview:  This page contains the latest trade data of Other Stainless Steel Bars. In 2018, Other Stainless Steel Bars were the world's 440th most traded product, with a total trade of $6.55B. Between 2017 and 2018 the exports of Other Stainless Steel Bars grew by 21.3%, from  $5.4B to $6.55B. Trade in Other Stainless Steel Bars represent 0.036% of total world trade.

Exports: In 2018 the top exporters of Other Stainless Steel Bars  were Italy ($1.14B), India ($891M), Germany ($801M), Spain ($455M), and France ($398M).

Imports: In 2018 the top importers of Other Stainless Steel Bars were Germany ($1.14B), United States ($625M), Italy ($358M), France ($283M), and United Kingdom ($275M).

Tariffs: In 2018 the average tariff for Other Stainless Steel Bars was 5%, been the 819 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Stainless Steel Bars are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Romania (17.2%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Other Stainless Steel Bars ranks 61st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $1.14B

Top Destination (2018): Germany, $1.14B

Other Stainless Steel Bars are the world's 440th most traded product.

In 2018, the top exporters of Other Stainless Steel Bars were Italy ($1.14B), India ($891M), Germany ($801M), Spain ($455M), and France ($398M).

In 2018, the top importers of Other Stainless Steel Bars were Germany ($1.14B), United States ($625M), Italy ($358M), France ($283M), and United Kingdom ($275M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $200M

Top Destination Growth (2017 - 2018): Germany, $375M

Between 2017 and 2018, the exports of Other Stainless Steel Bars grew the fastest in India ($200M), Italy ($143M), Germany ($126M), France ($119M), and Spain ($103M).

Between 2017 and 2018, the fastest growing importers of Other Stainless Steel Bars were Germany ($375M), Italy ($98.5M), France ($88.5M), United Kingdom ($55.8M), and Egypt ($45.8M).

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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 Other Stainless Steel Bars.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Other Stainless Steel Bars are explained by 17 countries.

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TOP NET EXPORTER (2018): India, $802M

TOP NET IMPORTER (2018): Germany, $335M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Stainless Steel Bars were India ($802M), Italy ($785M), Spain ($324M), Japan ($213M), and Chinese Taipei ($205M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Stainless Steel Bars were Germany ($335M), United States ($269M), Canada ($163M), Thailand ($142M), and South Korea ($138M).

Trade Forecasts

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This section shows forecasts for total trade for Other Stainless Steel Bars. 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 Other Stainless Steel Bars was 5%.  The countries with the highest tariffs for importing Other Stainless Steel Bars were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Romania (17.2%).

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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.