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2022
Exports $238MWorld Rnk 10 / 120
Flag Rnk 271 / 1212
2022
Destination $17M United States
2021 - 2022
FASTEST GROWING MARKET $17MUnited States
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $259MWorld Rnk 7 / 198
Flag Rnk 273 / 1206
2022
Origin $14.9MN/A
2021 - 2022
FASTEST GROWING ORIGIN $14.9MChina
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $238M in Flat-Rolled Stainless Steel, making it the 10th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 271st most exported product in India. The main destination of Flat-Rolled Stainless Steel exports from India are: United States ($43M), Belgium ($28.3M), Mexico ($24.7M), Vietnam ($18.6M), and Turkey ($15.4M).

The fastest growing export markets for Flat-Rolled Stainless Steel of India between 2021 and 2022 were United States ($17M), Mexico ($11.1M), and Belgium ($11M).

Imports In 2022, India imported $259M in Flat-Rolled Stainless Steel, becoming the 7th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 273rd most imported product in India. India imports Flat-Rolled Stainless Steel primarily from: N/A.

The fastest growing import markets in Flat-Rolled Stainless Steel for India between 2021 and 2022 were China ($14.9M), Hong Kong ($10.7M), and Japan ($3.35M).

COMPANIES In 2023, leading companies such as TE Connectivity (3), Woodstream (1), and General Motors (1) were at the forefront of shipping Flat-Rolled Stainless Steel from India to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Flat-Rolled Stainless Steel. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$238M
IMPORTS (2022)$259M
NET TRADE (2022)-$21.3M

In 2022, India exported $238M in Flat-Rolled Stainless Steel. The main destinations of India exports on Flat-Rolled Stainless Steel were United States ($43M), Belgium ($28.3M), Mexico ($24.7M), Vietnam ($18.6M), and Turkey ($15.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$17M (65%)
Mexico$11.1M (80.7%)
Belgium$11M (63.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY India WERE (2021 - 2022):
Russia-$970k (-26.7%)
Switzerland-$794k (-38.5%)
China-$730k (-18.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, India's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.8M
TOP IMPORT POTENTIALChina+ $35.8M

Flat-Rolled Stainless Steel’s highest export potential is United States. With an export gap of $11.8M.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $35.8M.

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