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2022
Exports $84.9MWorld Rnk 10 / 78
Flag Rnk 440 / 1216
2022
Destination $19M United States
2021 - 2022
FASTEST GROWING MARKET $19MUnited States
2022
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.68Rnk 28 / 1025
2022
Imports $17.6MWorld Rnk 24 / 148
Flag Rnk 934 / 1214
2022
Origin $3.22M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $3.22MSouth Korea
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $84.9M in Hot-Rolled Stainless Steel Bars, making it the 10th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 440th most exported product in United Kingdom. The main destination of Hot-Rolled Stainless Steel Bars exports from United Kingdom are: United States ($47.7M), Italy ($22.6M), Germany ($7.79M), France ($3.17M), and Netherlands ($958k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of United Kingdom between 2021 and 2022 were United States ($19M), Italy ($8.74M), and France ($1.5M).

Imports In 2022, United Kingdom imported $17.6M in Hot-Rolled Stainless Steel Bars, becoming the 24th largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 934th most imported product in United Kingdom. United Kingdom imports Hot-Rolled Stainless Steel Bars primarily from: South Korea ($3.27M), Chinese Taipei ($2.81M), Spain ($2.64M), Sweden ($2.61M), and Italy ($2.31M).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for United Kingdom between 2021 and 2022 were South Korea ($3.22M), Chinese Taipei ($2.26M), and Sweden ($1.73M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Hot-Rolled Stainless Steel Bars exports accounted up to £3.67M and imports accounted up to £823k, resulting in a positive trade balance of £2.85M. Between September 2023 and September 2024 the exports of United Kingdom's   Hot-Rolled Stainless Steel Bars have increased by £1.39M (61%) from £2.28M to £3.67M, while imports increased by £75.7k (10.1%) from £747k to £823k.

Destinations In September 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Italy (£1.62M), United States (£1.6M), Germany (£204k), Finland (£119k), and France (£87.4k), and were imported mostly from Italy (£320k), India (£159k), South Korea (£153k), Spain (£97k), and China (£38.5k).

Growth In September 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to United States (£3.09M or 344%), Germany (£691k or 342%), and France (£12.7k or 242%). In September 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from Italy (£374k or 13.4k%), Spain (£187k or 326%), and United States (£68.2k or 860%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£1.39M(61%)
IMPORT GROWTH (September 2023 - September 2024)£75.7k(10.1%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£2.01M
MAIN DESTINATION (September 2024)Italy£1.62M

This section shows Hot-Rolled Stainless Steel Bars's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hot-Rolled Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$84.9M
IMPORTS (2022)$17.6M
NET TRADE (2022)$67.3M

In 2022, United Kingdom exported $84.9M in Hot-Rolled Stainless Steel Bars. The main destinations of United Kingdom exports on Hot-Rolled Stainless Steel Bars were United States ($47.7M), Italy ($22.6M), Germany ($7.79M), France ($3.17M), and Netherlands ($958k).

In 2022, United Kingdom imported $17.6M in Hot-Rolled Stainless Steel Bars, mainly from South Korea ($3.27M), Chinese Taipei ($2.81M), Spain ($2.64M), Sweden ($2.61M), and Italy ($2.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$19M (66.1%)
Italy$8.74M (62.9%)
France$1.5M (89.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY United Kingdom WERE (2021 - 2022):
Czechia-$2.48M (-99.2%)
Germany-$1.08M (-12.2%)
Switzerland-$433k (-65.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $449M
Italy $413M
Japan $392M
In 2022, United Kingdom's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $427M
Germany $353M
China $311M

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Trade Value of Hot-Rolled Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.4M
TOP IMPORT POTENTIALItaly+ $1.11M

Hot-Rolled Stainless Steel Bars’s highest export potential is Germany. With an export gap of $3.4M.   Hot-Rolled Stainless Steel Bars’s highest import potential is Italy with an import gap of $1.11M.

See methodology.

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