HS Icon Large Flat-Rolled Stainless Steel

7219 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Large Flat-Rolled Stainless Steel. In 2019, Large Flat-Rolled Stainless Steel were the world's 123rd most traded product, with a total trade of $29.8B. Between 2018 and 2019 the exports of Large Flat-Rolled Stainless Steel decreased by -10.2%, from $33.2B to $29.8B. Trade in Large Flat-Rolled Stainless Steel represent 0.16% of total world trade.

Exports In 2019 the top exporters of Large Flat-Rolled Stainless Steel  were China ($4.03B), Indonesia ($3.46B), Belgium ($2.97B), Finland ($2.53B), and South Korea ($2.28B).

Imports In 2019 the top importers of Large Flat-Rolled Stainless Steel were Germany ($3.71B), Italy ($2.71B), Netherlands ($1.72B), South Korea ($1.67B), and Chinese Taipei ($1.62B).

Tariffs In 2018 the average tariff for Large Flat-Rolled Stainless Steel was 4.81%, making it the 853rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large 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%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Large Flat-Rolled Stainless Steel ranks 130th 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): China, $4.03B

Top Destination (2019): Germany, $3.71B

Large Flat-Rolled Stainless Steel are the world's 123rd most traded product.

In 2019, the top exporters of Large Flat-Rolled Stainless Steel were China ($4.03B), Indonesia ($3.46B), Belgium ($2.97B), Finland ($2.53B), and South Korea ($2.28B).

In 2019, the top importers of Large Flat-Rolled Stainless Steel were Germany ($3.71B), Italy ($2.71B), Netherlands ($1.72B), South Korea ($1.67B), and Chinese Taipei ($1.62B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Indonesia, $1.11B

Top Destination Growth (2018 - 2019): India, $259M

Between 2018 and 2019, the exports of Large Flat-Rolled Stainless Steel grew the fastest in Indonesia ($1.11B), Austria ($20.5M), Slovakia ($19.5M), Poland ($15.2M), and Hong Kong ($13.9M).

Between 2018 and 2019, the fastest growing importers of Large Flat-Rolled Stainless Steel were India ($259M), United Arab Emirates ($45.8M), Brazil ($18.9M), Bulgaria ($15M), and Nepal ($15M).

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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 Large Flat-Rolled Stainless Steel.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Large Flat-Rolled Stainless Steel are explained by 18 countries.

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TOP NET EXPORTER (2019): Indonesia, $3.05B

TOP NET IMPORTER (2019): Germany, $2.69B

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

In 2019, the countries that had a largest trade value in exports than in imports of Large Flat-Rolled Stainless Steel were Indonesia ($3.05B), China ($2.57B), Belgium ($2.36B), Finland ($2.34B), and Sweden ($1.09B).

In 2019, the countries that had a largest trade value in imports than in exports of Large Flat-Rolled Stainless Steel were Germany ($2.69B), Italy ($1.14B), Vietnam ($961M), Turkey ($690M), and Netherlands ($655M).

Disaggregation

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Value

In 2019, the world most traded Large Flat-Rolled Stainless Steel, disaggragated by their HS6 level were Cold rolled stainless steel, w >600mm,... ($6.69B), Hot rolled stainless steel coil, w... ($4.84B), Cold rolled stainless steel, w >600mm,... ($4.83B), Hot rolled stainless steel coil, w... ($2.76B), and Cold rolled stainless steel, w >600mm,... ($1.98B)

Import Tariffs

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In 2018, the average tariff for importing Large Flat-Rolled Stainless Steel was 4.81%. The countries with the highest tariffs for importing Large 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 Large Flat-Rolled Stainless Steel to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.