HS Icon Angles, shapes and sections, stainless steel

722240 (Harmonized System 1992 for 6-digit)

World Trade (2019): $694M, Rnk 2421 / 4648

Top Exporter (2019): $162M, India

Top Importer (2019): $73M, Germany

Product Complexity (2019): 1.13, Rnk 608 / 4826

Export Growth (CAGR)(2018 - 2019): -4.94%, Rnk 2593 / 4648

Mean Tariff (2018): 5.72%, Rnk 3740 / 6538

Share of World Trade (2019): 0.0038%, Rnk 2421 / 4648

Overview:  This page contains the latest trade data of Angles, shapes and sections, stainless steel. In 2019, Angles, shapes and sections, stainless steel were the world's 2421st most traded product, with a total trade of $694M. Between 2018 and 2019 the exports of Angles, shapes and sections, stainless steel decreased by -4.94%, from  $730M to $694M. Trade in Angles, shapes and sections, stainless steel represent 0.0038% of total world trade.

Exports: In 2019 the top exporters of Angles, shapes and sections, stainless steel  were India ($162M), Germany ($99M), China ($90.6M), Italy ($39.4M), and Switzerland ($37.1M).

Imports: In 2019 the top importers of Angles, shapes and sections, stainless steel were Germany ($73M), United States ($57M), South Korea ($41.4M), Switzerland ($35.2M), and France ($30.9M).

Tariffs: In 2018 the average tariff for Angles, shapes and sections, stainless steel was 5.72%, making it the 3740th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Angles, shapes and sections, stainless steel are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Cameroon (19.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Angles, shapes and sections, stainless steel ranks 608th in the Product Complexity Index (PCI).

Description: An angle is the measure of the two rays of a polygon joining the opposite vertices. A section is a figure bounded by a plane and a line or curve. Stainless steel is a steel alloy with chromium content of at least 10.5%. Stainless steel resists corrosion and is used in kitchenware and other household items.

Exporters and Importers

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Trade By Country

Top Origin (2019): India, $162M

Top Destination (2019): Germany, $73M

Angles, shapes and sections, stainless steel are the world's 2421st most traded product.

In 2019, the top exporters of Angles, shapes and sections, stainless steel were India ($162M), Germany ($99M), China ($90.6M), Italy ($39.4M), and Switzerland ($37.1M).

In 2019, the top importers of Angles, shapes and sections, stainless steel were Germany ($73M), United States ($57M), South Korea ($41.4M), Switzerland ($35.2M), and France ($30.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $4.19M

Top Destination Growth (2018 - 2019): Thailand, $4.33M

Between 2018 and 2019, the exports of Angles, shapes and sections, stainless steel grew the fastest in Poland ($4.19M), Denmark ($3.18M), United Kingdom ($2.15M), Belgium ($1.94M), and Slovakia ($1.83M).

Between 2018 and 2019, the fastest growing importers of Angles, shapes and sections, stainless steel were Thailand ($4.33M), Czechia ($4.33M), Switzerland ($3.57M), Indonesia ($3.09M), and South Korea ($2.81M).

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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 Angles, shapes and sections, stainless steel.

In 2019,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Angles, shapes and sections, stainless steel are explained by 16 countries.

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TOP NET EXPORTER (2019): India, $160M

TOP NET IMPORTER (2019): South Korea, $38.9M

This map shows which countries export or import more of Angles, shapes and sections, stainless steel. Each country is colored based on the difference in exports and imports of Angles, shapes and sections, stainless steel during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Angles, shapes and sections, stainless steel were India ($160M), China ($81.8M), Germany ($26M), Japan ($18.2M), and Italy ($15.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Angles, shapes and sections, stainless steel were South Korea ($38.9M), United States ($36.6M), France ($16.9M), Canada ($15.6M), and Vietnam ($15.5M).

Import Tariffs

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In 2018, the average tariff for importing Angles, shapes and sections, stainless steel was 5.72%.  The countries with the highest tariffs for importing Angles, shapes and sections, stainless steel were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Cameroon (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.