HS Icon Other Stainless Steel Bars

7222 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Stainless Steel Bars. In 2019, Other Stainless Steel Bars were the world's 449th most traded product, with a total trade of $6.13B. Between 2018 and 2019 the exports of Other Stainless Steel Bars decreased by -7.2%, from $6.6B to $6.13B. Trade in Other Stainless Steel Bars represent 0.034% of total world trade.

Exports In 2019 the top exporters of Other Stainless Steel Bars  were Italy ($1.06B), India ($874M), Germany ($741M), Spain ($384M), and United States ($355M).

Imports In 2019 the top importers of Other Stainless Steel Bars were Germany ($965M), United States ($540M), Italy ($338M), China ($276M), and France ($275M).

Tariffs In 2018 the average tariff for Other Stainless Steel Bars was 5%, making it the 819th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Stainless Steel Bars are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Romania (17.2%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking Other Stainless Steel Bars ranks 94th in the Product Complexity Index (PCI).

Description Other bars and rods of stainless steel are used in the production of other goods. They can be made from a variety of materials, including aluminum, copper, nickel, and titanium.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Italy, $1.06B

Top Destination (2019): Germany, $965M

Other Stainless Steel Bars are the world's 449th most traded product.

In 2019, the top exporters of Other Stainless Steel Bars were Italy ($1.06B), India ($874M), Germany ($741M), Spain ($384M), and United States ($355M).

In 2019, the top importers of Other Stainless Steel Bars were Germany ($965M), United States ($540M), Italy ($338M), China ($276M), and France ($275M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $19.7M

Top Destination Growth (2018 - 2019): Indonesia, $25.2M

Between 2018 and 2019, the exports of Other Stainless Steel Bars grew the fastest in South Korea ($19.7M), China ($11.6M), United Kingdom ($8.82M), Turkey ($6.16M), and Singapore ($4.8M).

Between 2018 and 2019, the fastest growing importers of Other Stainless Steel Bars were Indonesia ($25.2M), Japan ($15M), Norway ($8.12M), Ukraine ($7.55M), and China ($5.64M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Stainless Steel Bars.

In 2019,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Other Stainless Steel Bars are explained by 18 countries.

Explore Visualizations

TOP NET EXPORTER (2019): India, $779M

TOP NET IMPORTER (2019): Germany, $224M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Stainless Steel Bars were India ($779M), Italy ($720M), Spain ($257M), Chinese Taipei ($230M), and Japan ($177M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Stainless Steel Bars were Germany ($224M), United States ($185M), Canada ($164M), Thailand ($146M), and Poland ($116M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Other Stainless Steel Bars, disaggragated by their HS6 level were Stainless steel bar nfw than cold... ($3.16B), Stainless steel bar nfw than hot... ($1.47B), Stainless steel bar or rod nes ($803M), and Angles, shapes and sections, stainless steel ($694M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Other Stainless Steel Bars was 5%. The countries with the highest tariffs for importing Other Stainless Steel Bars were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Romania (17.2%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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