Overview: This page contains the latest trade data of Stainless Steel Ingots. In 2019, Stainless Steel Ingots were the world's 733rd most traded product, with a total trade of $1.96B. Between 2018 and 2019 the exports of Stainless Steel Ingots decreased by -31.5%, from $2.87B to $1.96B. Trade in Stainless Steel Ingots represent 0.011% of total world trade.
Exports: In 2019 the top exporters of Stainless Steel Ingots were United Kingdom ($460M), Indonesia ($397M), Sweden ($211M), Germany ($104M), and Italy ($103M).
Imports: In 2019 the top importers of Stainless Steel Ingots were Sweden ($302M), China ($260M), United States ($220M), Italy ($188M), and Germany ($126M).
Tariffs: In 2018 the average tariff for Stainless Steel Ingots was 3.9%, making it the 1020th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Stainless Steel Ingots are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Algeria (12.2%), and Poland (10.6%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Stainless Steel Ingots ranks 294th in the Product Complexity Index (PCI).
Description: Stainless steel is a type of steel that contains at least 10% chromium. It's used in the production of things like stainless steel sinks, cookware, and other household items.