HS Icon Hot rolled stainless steel flat, w >600mm, t >10mm

721921 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.79B, Rnk 1430 / 4726

Top Exporter (2018): $279M, Belgium-Luxembourg

Top Importer (2018): $275M, Germany

Product Complexity (2018): 1.29, Rnk 172 / 2722

Export Growth (CAGR)(2017 - 2018): 8.56%, Rnk 2873 / 4726

Mean Tariff (2018): 4.79%, Rnk 4309 / 6538

Share of World Trade (2018): 0.0097%, Rnk 1430 / 4726

Overview:  This page contains the latest trade data of Hot rolled stainless steel flat, w >600mm, t >10mm. In 2018, Hot rolled stainless steel flat, w >600mm, t >10mm were the world's 1430th most traded product, with a total trade of $1.79B. Between 2017 and 2018 the exports of Hot rolled stainless steel flat, w >600mm, t >10mm grew by 8.56%, from  $1.65B to $1.79B. Trade in Hot rolled stainless steel flat, w >600mm, t >10mm represent 0.0097% of total world trade.

Exports: In 2018 the top exporters of Hot rolled stainless steel flat, w >600mm, t >10mm  were Belgium-Luxembourg ($279M), Sweden ($258M), Slovenia ($246M), China ($134M), and Japan ($105M).

Imports: In 2018 the top importers of Hot rolled stainless steel flat, w >600mm, t >10mm were Germany ($275M), Italy ($179M), United States ($133M), South Korea ($119M), and Russia ($66.9M).

Tariffs: In 2018 the average tariff for Hot rolled stainless steel flat, w >600mm, t >10mm was 4.79%, been the 4309 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Hot rolled stainless steel flat, w >600mm, t >10mm 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 flat, w >600mm, t >10mm ranks 172nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $279M

Top Destination (2018): Germany, $275M

Hot rolled stainless steel flat, w >600mm, t >10mm are the world's 1430th most traded product.

In 2018, the top exporters of Hot rolled stainless steel flat, w >600mm, t >10mm were Belgium-Luxembourg ($279M), Sweden ($258M), Slovenia ($246M), China ($134M), and Japan ($105M).

In 2018, the top importers of Hot rolled stainless steel flat, w >600mm, t >10mm were Germany ($275M), Italy ($179M), United States ($133M), South Korea ($119M), and Russia ($66.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $69.7M

Top Destination Growth (2017 - 2018): Germany, $28.4M

Between 2017 and 2018, the exports of Hot rolled stainless steel flat, w >600mm, t >10mm grew the fastest in Belgium-Luxembourg ($69.7M), Sweden ($40.4M), Chinese Taipei ($30.9M), China ($15.8M), and South Africa ($15.8M).

Between 2017 and 2018, the fastest growing importers of Hot rolled stainless steel flat, w >600mm, t >10mm were Germany ($28.4M), United States ($21.5M), Democratic Republic of the Congo ($15.9M), Vietnam ($14.2M), and Russia ($11.9M).

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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 flat, w >600mm, t >10mm.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Hot rolled stainless steel flat, w >600mm, t >10mm are explained by 14 countries.

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TOP NET EXPORTER (2018): Sweden, $243M

TOP NET IMPORTER (2018): Germany, $175M

This map shows which countries export or import more of Hot rolled stainless steel flat, w >600mm, t >10mm. Each country is colored based on the difference in exports and imports of Hot rolled stainless steel flat, w >600mm, t >10mm during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hot rolled stainless steel flat, w >600mm, t >10mm were Sweden ($243M), Slovenia ($237M), Belgium-Luxembourg ($235M), Japan ($76M), and China ($73.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Hot rolled stainless steel flat, w >600mm, t >10mm were Germany ($175M), Italy ($140M), United States ($75.7M), Russia ($60.6M), and Poland ($50.8M).

Import Tariffs

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In 2018, the average tariff for importing Hot rolled stainless steel flat, w >600mm, t >10mm was 4.79%.  The countries with the highest tariffs for importing Hot rolled stainless steel flat, w >600mm, t >10mm 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.