HS Icon Hot rolled stainless steel coil, w >600mm, t <3mm

721914 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $1.62B, Rnk 1501 / 4648

2019
Top Exporter | Top Importer
: $546M | $319M, Indonesia | France

2019
Product Complexity
: 0.85, Rnk 1001 / 4826

2018 - 2019
Export Growth (CAGR)
: -19.6%, Rnk 4178 / 4648

2018
Mean Tariff
: 4.62%, Rnk 4435 / 6538

 2019
Share of World Trade
: 0.009%, Rnk 1501 / 4648

Overview:  This page contains the latest trade data of Hot rolled stainless steel coil, w >600mm, t <3mm. In 2019, Hot rolled stainless steel coil, w >600mm, t <3mm were the world's 1501st most traded product, with a total trade of $1.62B. Between 2018 and 2019 the exports of Hot rolled stainless steel coil, w >600mm, t <3mm decreased by -19.6%, from  $2.02B to $1.62B. Trade in Hot rolled stainless steel coil, w >600mm, t <3mm represent 0.009% of total world trade.

Exports: In 2019 the top exporters of Hot rolled stainless steel coil, w >600mm, t <3mm  were Indonesia ($546M), Belgium ($351M), China ($224M), Finland ($161M), and Italy ($84M).

Imports: In 2019 the top importers of Hot rolled stainless steel coil, w >600mm, t <3mm were France ($319M), Chinese Taipei ($288M), Germany ($182M), India ($169M), and Italy ($139M).

Tariffs: In 2018 the average tariff for Hot rolled stainless steel coil, w >600mm, t <3mm was 4.62%, making it the 4435th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Hot rolled stainless steel coil, w >600mm, t <3mm 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: Hot rolled stainless steel coil, w >600mm, t <3mm ranks 1001st in the Product Complexity Index (PCI).

Description: Hot rolled stainless steel coil, w >600mm, t <3mm is used in commercial and industrial applications including cookware, utensils, and appliances.

Exporters and Importers

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Trade By Country

Top Origin (2019): Indonesia, $546M

Top Destination (2019): France, $319M

Hot rolled stainless steel coil, w >600mm, t <3mm are the world's 1501st most traded product.

In 2019, the top exporters of Hot rolled stainless steel coil, w >600mm, t <3mm were Indonesia ($546M), Belgium ($351M), China ($224M), Finland ($161M), and Italy ($84M).

In 2019, the top importers of Hot rolled stainless steel coil, w >600mm, t <3mm were France ($319M), Chinese Taipei ($288M), Germany ($182M), India ($169M), and Italy ($139M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $17.6M

Top Destination Growth (2018 - 2019): India, $137M

Between 2018 and 2019, the exports of Hot rolled stainless steel coil, w >600mm, t <3mm grew the fastest in South Korea ($17.6M), Turkey ($14.1M), Italy ($10.4M), Malaysia ($3.14M), and Austria ($1.97M).

Between 2018 and 2019, the fastest growing importers of Hot rolled stainless steel coil, w >600mm, t <3mm were India ($137M), United Arab Emirates ($17.3M), Romania ($11.2M), United Kingdom ($1.57M), and Norway ($1.47M).

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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 Hot rolled stainless steel coil, w >600mm, t <3mm.

In 2019,  market concentration measured using Shannon Entropy, was 2.93. This means that most of the exports of Hot rolled stainless steel coil, w >600mm, t <3mm are explained by 7 countries.

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TOP NET EXPORTER (2019): Indonesia, $514M

TOP NET IMPORTER (2019): France, $311M

This map shows which countries export or import more of Hot rolled stainless steel coil, w >600mm, t <3mm. Each country is colored based on the difference in exports and imports of Hot rolled stainless steel coil, w >600mm, t <3mm during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Hot rolled stainless steel coil, w >600mm, t <3mm were Indonesia ($514M), Belgium ($344M), Finland ($156M), China ($93.1M), and United States ($16.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Hot rolled stainless steel coil, w >600mm, t <3mm were France ($311M), Chinese Taipei ($224M), Germany ($180M), India ($139M), and Romania ($67.5M).

Import Tariffs

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In 2018, the average tariff for importing Hot rolled stainless steel coil, w >600mm, t <3mm was 4.62%.  The countries with the highest tariffs for importing Hot rolled stainless steel coil, w >600mm, t <3mm 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.