HS Icon Flat-Rolled Stainless Steel

7220 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Flat-Rolled Stainless Steel. In 2019, Flat-Rolled Stainless Steel were the world's 513th most traded product, with a total trade of $4.71B. Between 2018 and 2019 the exports of Flat-Rolled Stainless Steel decreased by -11.2%, from $5.31B to $4.71B. Trade in Flat-Rolled Stainless Steel represent 0.026% of total world trade.

Exports In 2019 the top exporters of Flat-Rolled Stainless Steel  were Germany ($663M), China ($467M), Japan ($449M), Italy ($361M), and United States ($355M).

Imports In 2019 the top importers of Flat-Rolled Stainless Steel were Germany ($652M), India ($338M), China ($283M), United States ($220M), and Mexico ($204M).

Tariffs In 2018 the average tariff for Flat-Rolled Stainless Steel was 4.88%, making it the 839th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for 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%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking Flat-Rolled Stainless Steel ranks 69th in the Product Complexity Index (PCI).

Description Flat-rolled products of stainless steel are used in the production of other goods. They can be made from a variety of materials, including iron, chromium, and nickel.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $663M

Top Destination (2019): Germany, $652M

Flat-Rolled Stainless Steel are the world's 513th most traded product.

In 2019, the top exporters of Flat-Rolled Stainless Steel were Germany ($663M), China ($467M), Japan ($449M), Italy ($361M), and United States ($355M).

In 2019, the top importers of Flat-Rolled Stainless Steel were Germany ($652M), India ($338M), China ($283M), United States ($220M), and Mexico ($204M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $71.2M

Top Destination Growth (2018 - 2019): India, $69.7M

Between 2018 and 2019, the exports of Flat-Rolled Stainless Steel grew the fastest in China ($71.2M), Hong Kong ($22.8M), Malaysia ($22.7M), Indonesia ($13.4M), and Thailand ($5.72M).

Between 2018 and 2019, the fastest growing importers of Flat-Rolled Stainless Steel were India ($69.7M), Malaysia ($24.6M), Finland ($9.46M), Brunei ($3.87M), and Egypt ($3.36M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Flat-Rolled Stainless Steel are explained by 19 countries.

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TOP NET EXPORTER (2019): Japan, $399M

TOP NET IMPORTER (2019): India, $236M

This map shows which countries export or import more of Flat-Rolled Stainless Steel. Each country is colored based on the difference in exports and imports of Flat-Rolled Stainless Steel during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Flat-Rolled Stainless Steel were Japan ($399M), South Korea ($233M), Italy ($202M), China ($185M), and Sweden ($172M).

In 2019, the countries that had a largest trade value in imports than in exports of Flat-Rolled Stainless Steel were India ($236M), Mexico ($187M), Vietnam ($146M), Canada ($144M), and Poland ($142M).

Disaggregation

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Value

In 2019, the world most traded Flat-Rolled Stainless Steel, disaggragated by their HS6 level were Stainless steel sheet, w <600mm, cold... ($3.73B), Rolled stainless steel sheet, width <... ($570M), Hot rolled stainless steel sheet, w... ($244M), and Hot rolled stainless steel sheet, w... ($170M)

Import Tariffs

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In 2018, the average tariff for importing Flat-Rolled Stainless Steel was 4.88%. The countries with the highest tariffs for importing Flat-Rolled Stainless Steel were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Cameroon (19.6%), and Gabon (19.6%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Flat-Rolled Stainless Steel to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.