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2022
Exports $17MWorld Rnk 14 / 78
Flag Rnk 1011 / 1217
2022
Destination $1.97M Canada
2021 - 2022
FASTEST GROWING MARKET $1.97MCanada
2022
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.68Rnk 28 / 1025
2022
Imports $260MWorld Rnk 4 / 148
Flag Rnk 704 / 1216
2022
Origin $32.1M Italy
2021 - 2022
FASTEST GROWING ORIGIN $32.1MItaly
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $17M in Hot-Rolled Stainless Steel Bars, making it the 14th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 1011th most exported product in United States. The main destination of Hot-Rolled Stainless Steel Bars exports from United States are: Canada ($7.46M), Mexico ($1.67M), Germany ($1.44M), Brazil ($1.14M), and Costa Rica ($973k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of United States between 2021 and 2022 were Canada ($1.97M), Germany ($1.05M), and Brazil ($904k).

Imports In 2022, United States imported $260M in Hot-Rolled Stainless Steel Bars, becoming the 4th largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 704th most imported product in United States. United States imports Hot-Rolled Stainless Steel Bars primarily from: Italy ($52M), United Kingdom ($47.7M), Sweden ($46.1M), Chinese Taipei ($32.2M), and China ($30.2M).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for United States between 2021 and 2022 were Italy ($32.1M), United Kingdom ($19M), and Sweden ($17.8M).

COMPANIES In 2023, leading companies such as Valbruna Stainless (1) were at the forefront of shipping Hot-Rolled Stainless Steel Bars to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Hot-Rolled Stainless Steel Bars exports accounted up to $1.47M and imports accounted up to $14.4M, resulting in a negative trade balance of $12.9M. Between June 2023 and June 2024 the exports of United States'   Hot-Rolled Stainless Steel Bars have decreased by $-116k (-7.27%) from $1.59M to $1.47M, while imports increased by $458k (3.3%) from $13.9M to $14.4M.

Destinations In June 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Germany ($575k), Brazil ($373k), Mexico ($222k), Chinese Taipei ($67.8k), and India ($47.7k), and were imported mostly from United Kingdom ($3.15M), China ($2.44M), Chinese Taipei ($2.44M), Sweden ($2.26M), and France ($1.92M).

Growth In June 2024, the decrease in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Brazil ($-62.1k or -34%) and Italy ($-41.1k or -61.8%). In June 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($3.48M or 347%), Italy ($2.74M or 192%), and France ($1.29M or 54.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-116k(-7.27%)
IMPORT GROWTH (June 2023 - June 2024)$458k(3.3%)
MAIN EXPORTER (June 2024)Texas$893k
MAIN DESTINATION (June 2024)Germany$575k

This section shows Hot-Rolled Stainless Steel Bars's exports and imports data at subnational level for United States. 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)$17M
IMPORTS (2022)$260M
NET TRADE (2022)-$243M

In 2022, United States exported $17M in Hot-Rolled Stainless Steel Bars. The main destinations of United States exports on Hot-Rolled Stainless Steel Bars were Canada ($7.46M), Mexico ($1.67M), Germany ($1.44M), Brazil ($1.14M), and Costa Rica ($973k).

In 2022, United States imported $260M in Hot-Rolled Stainless Steel Bars, mainly from Italy ($52M), United Kingdom ($47.7M), Sweden ($46.1M), Chinese Taipei ($32.2M), and China ($30.2M).

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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 States WERE (2021 - 2022):
Canada$1.97M (35.9%)
Germany$1.05M (264%)
Brazil$904k (384%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY United States WERE (2021 - 2022):
China-$1.39M (-78.2%)
Italy-$258k (-85.7%)
Colombia-$185k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $449M
Italy $413M
Japan $392M
In 2022, United States'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+ $729k
TOP IMPORT POTENTIALChina+ $6.7M

Hot-Rolled Stainless Steel Bars’s highest export potential is Germany. With an export gap of $729k.   Hot-Rolled Stainless Steel Bars’s highest import potential is China with an import gap of $6.7M.

See methodology.

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