HS Icon Hot-Rolled Stainless Steel Bars

7221 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hot-Rolled Stainless Steel Bars. In 2019, Hot-Rolled Stainless Steel Bars were the world's 759th most traded product, with a total trade of $1.78B. Between 2018 and 2019 the exports of Hot-Rolled Stainless Steel Bars decreased by -15.3%, from $2.11B to $1.78B. Trade in Hot-Rolled Stainless Steel Bars represent 0.0098% of total world trade.

Exports In 2019 the top exporters of Hot-Rolled Stainless Steel Bars  were Chinese Taipei ($296M), Italy ($239M), Japan ($239M), China ($226M), and France ($188M).

Imports In 2019 the top importers of Hot-Rolled Stainless Steel Bars were Italy ($253M), Germany ($226M), China ($158M), South Korea ($143M), and Thailand ($118M).

Tariffs In 2018 the average tariff for Hot-Rolled Stainless Steel Bars was 4.89%, making it the 838th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hot-Rolled Stainless Steel Bars 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 Hot-Rolled Stainless Steel Bars ranks 16th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Chinese Taipei, $296M

Top Destination (2019): Italy, $253M

Hot-Rolled Stainless Steel Bars are the world's 759th most traded product.

In 2019, the top exporters of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($296M), Italy ($239M), Japan ($239M), China ($226M), and France ($188M).

In 2019, the top importers of Hot-Rolled Stainless Steel Bars were Italy ($253M), Germany ($226M), China ($158M), South Korea ($143M), and Thailand ($118M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $1.82M

Top Destination Growth (2018 - 2019): Netherlands, $5.1M

Between 2018 and 2019, the exports of Hot-Rolled Stainless Steel Bars grew the fastest in Netherlands ($1.82M), Australia ($836k), Turkey ($509k), Vietnam ($469k), and Canada ($310k).

Between 2018 and 2019, the fastest growing importers of Hot-Rolled Stainless Steel Bars were Netherlands ($5.1M), Belgium ($2.48M), Finland ($1.47M), Russia ($1.33M), and New Zealand ($801k).

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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 Hot-Rolled Stainless Steel Bars.

In 2019,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Hot-Rolled Stainless Steel Bars are explained by 11 countries.

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TOP NET EXPORTER (2019): Chinese Taipei, $235M

TOP NET IMPORTER (2019): Germany, $211M

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

In 2019, the countries that had a largest trade value in exports than in imports of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($235M), Japan ($214M), France ($163M), Spain ($122M), and Sweden ($106M).

In 2019, the countries that had a largest trade value in imports than in exports of Hot-Rolled Stainless Steel Bars were Germany ($211M), Thailand ($117M), Switzerland ($106M), Vietnam ($106M), and United States ($92.9M).

Disaggregation

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Value

In 2019, the world most traded Hot-Rolled Stainless Steel Bars, disaggragated by their HS6 level were Bar or rod, stainless steel, hot... ($1.78B)

Import Tariffs

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In 2018, the average tariff for importing Hot-Rolled Stainless Steel Bars was 4.89%. The countries with the highest tariffs for importing Hot-Rolled Stainless Steel Bars were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Cameroon (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 Hot-Rolled Stainless Steel Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.