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2023
Exports $57.7MWorld Rnk 10 / 78
Flag Rnk 492 / 1216
2023
Destination $288k United States
2022 - 2023
FASTEST GROWING MARKET $288kChina
2023
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.66Rnk 26 / 1025
2023
Imports $13.3MWorld Rnk 22 / 152
Flag Rnk 965 / 1214
2023
Origin $996k Italy
2022 - 2023
FASTEST GROWING ORIGIN $996kUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $57.7M 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 492nd most exported product in United Kingdom. The main destination of Hot-Rolled Stainless Steel Bars exports from United Kingdom are: United States ($33.2M), Italy ($18.6M), Germany ($2.45M), France ($607k), and Canada ($570k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of United Kingdom between 2022 and 2023 were China ($288k), Canada ($279k), and United Arab Emirates ($94.6k).

Imports In 2023, United Kingdom imported $13.3M in Hot-Rolled Stainless Steel Bars, becoming the 22nd largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 965th most imported product in United Kingdom. United Kingdom imports Hot-Rolled Stainless Steel Bars primarily from: Italy ($2.97M), France ($2M), United States ($1.31M), Sweden ($1.3M), and China ($1.29M).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for United Kingdom between 2022 and 2023 were United States ($996k), Italy ($693k), and Australia ($299k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Hot-Rolled Stainless Steel Bars exports accounted up to £2.13M and imports accounted up to £436k, resulting in a positive trade balance of £1.7M. Between December 2023 and December 2024 the exports of United Kingdom's   Hot-Rolled Stainless Steel Bars have decreased by £-230k (-9.74%) from £2.36M to £2.13M, while imports increased by £209k (92.2%) from £227k to £436k.

Destinations In December 2024, Hot-Rolled Stainless Steel Bars were exported mostly to United States (£1.47M), Italy (£413k), Germany (£92.1k), Norway (£66.6k), and Canada (£54.8k), and were imported mostly from Chinese Taipei (£259k), China (£64.2k), United States (£42.3k), Italy (£31.7k), and Sweden (£19.4k).

Growth In December 2024, the decrease in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by a decrease in exports to United States (£-3.16M or -79.2%), Germany (£-846k or -94.7%), and Italy (£-105k or -8.75%). In December 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-230k(-9.74%)
IMPORT GROWTH (December 2023 - December 2024)£209k(92.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£1.47M

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 (2023)$57.7M
IMPORTS (2023)$13.3M
NET TRADE (2023)$44.4M

In 2023, United Kingdom exported $57.7M in Hot-Rolled Stainless Steel Bars. The main destinations of United Kingdom exports on Hot-Rolled Stainless Steel Bars were United States ($33.2M), Italy ($18.6M), Germany ($2.45M), France ($607k), and Canada ($570k).

In 2023, United Kingdom imported $13.3M in Hot-Rolled Stainless Steel Bars, mainly from Italy ($2.97M), France ($2M), United States ($1.31M), Sweden ($1.3M), and China ($1.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
China$288k (1.18k%)
Canada$279k (96.1%)
United Arab Emirates$94.6k (7.16k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY United Kingdom WERE (2022 - 2023):
United States-$13M (-28.1%)
Germany-$5.15M (-67.8%)
Italy-$3.87M (-17.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $356M
Italy $248M
Japan $229M
In 2023, United Kingdom's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $275M
Germany $250M
China $178M

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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.

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