2023
Exports
$57.7MWorld Rnk 10 / 78
Flag Rnk 492 / 1216
2023
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars
1.66Rnk 26 / 1025
2023
Imports
$13.3MWorld Rnk 22 / 152
Flag Rnk 965 / 1214
2023
ECONOMIC COMPLEXITY of United Kingdom
1.5Rnk 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).

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).

Explore Visualizations

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%)

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:
In 2023, United Kingdom's main importing competitors in Hot-Rolled Stainless Steel Bars were:

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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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