HS Icon Stainless steel bar nfw than cold formed/cold finishe

722220 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.51B, Rnk 875 / 4726

Top Exporter (2018): $810M, Italy

Top Importer (2018): $729M, Germany

Product Complexity (2018): 1.32, Rnk 157 / 2722

Export Growth (CAGR)(2017 - 2018): 28.2%, Rnk 883 / 4726

Mean Tariff (2018): 4.71%, Rnk 4369 / 6538

Share of World Trade (2018): 0.019%, Rnk 875 / 4726

Overview:  This page contains the latest trade data of Stainless steel bar nfw than cold formed/cold finishe. In 2018, Stainless steel bar nfw than cold formed/cold finishe were the world's 875th most traded product, with a total trade of $3.51B. Between 2017 and 2018 the exports of Stainless steel bar nfw than cold formed/cold finishe grew by 28.2%, from  $2.74B to $3.51B. Trade in Stainless steel bar nfw than cold formed/cold finishe represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Stainless steel bar nfw than cold formed/cold finishe  were Italy ($810M), India ($473M), Germany ($382M), Spain ($264M), and France ($227M).

Imports: In 2018 the top importers of Stainless steel bar nfw than cold formed/cold finishe were Germany ($729M), United States ($362M), United Kingdom ($170M), China ($155M), and Italy ($147M).

Tariffs: In 2018 the average tariff for Stainless steel bar nfw than cold formed/cold finishe was 4.71%, making it the 4369th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Stainless steel bar nfw than cold formed/cold finishe 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: Stainless steel bar nfw than cold formed/cold finishe ranks 157th in the Product Complexity Index (PCI).

Description: The most common use of stainless steel bars is in the manufacture of kitchen appliances. Approximately 80% of the stainless steel bars produced are used in the manufacture of kitchen appliances. This is due to the fact that stainless steel is durable and easy to clean.

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $810M

Top Destination (2018): Germany, $729M

Stainless steel bar nfw than cold formed/cold finishe are the world's 875th most traded product.

In 2018, the top exporters of Stainless steel bar nfw than cold formed/cold finishe were Italy ($810M), India ($473M), Germany ($382M), Spain ($264M), and France ($227M).

In 2018, the top importers of Stainless steel bar nfw than cold formed/cold finishe were Germany ($729M), United States ($362M), United Kingdom ($170M), China ($155M), and Italy ($147M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $123M

Top Destination Growth (2017 - 2018): Germany, $259M

Between 2017 and 2018, the exports of Stainless steel bar nfw than cold formed/cold finishe grew the fastest in Italy ($123M), India ($115M), France ($98.2M), Germany ($73.5M), and Spain ($64.6M).

Between 2017 and 2018, the fastest growing importers of Stainless steel bar nfw than cold formed/cold finishe were Germany ($259M), Italy ($51.2M), United Kingdom ($47.6M), France ($43.1M), and Poland ($34.2M).

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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 Stainless steel bar nfw than cold formed/cold finishe.

In 2018,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Stainless steel bar nfw than cold formed/cold finishe are explained by 14 countries.

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TOP NET EXPORTER (2018): Italy, $664M

TOP NET IMPORTER (2018): Germany, $347M

This map shows which countries export or import more of Stainless steel bar nfw than cold formed/cold finishe. Each country is colored based on the difference in exports and imports of Stainless steel bar nfw than cold formed/cold finishe during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Stainless steel bar nfw than cold formed/cold finishe were Italy ($664M), India ($427M), Spain ($196M), Chinese Taipei ($159M), and Japan ($143M).

In 2018, the countries that had a largest trade value in imports than in exports of Stainless steel bar nfw than cold formed/cold finishe were Germany ($347M), United States ($158M), United Kingdom ($119M), China ($104M), and Thailand ($101M).

Import Tariffs

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In 2018, the average tariff for importing Stainless steel bar nfw than cold formed/cold finishe was 4.71%.  The countries with the highest tariffs for importing Stainless steel bar nfw than cold formed/cold finishe were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Romania (17.2%).

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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.