2022
Exports
$806MWorld Rnk 15 / 128
Flag Rnk 107 / 1212
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel
1.05Rnk 151 / 1025
2022
Imports
$1.75BWorld Rnk 10 / 208
Flag Rnk 53 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $806M in Large Flat-Rolled Stainless Steel, making it the 15th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 107th most exported product in India. The main destination of Large Flat-Rolled Stainless Steel exports from India are: United States ($160M), Russia ($100M), Poland ($85.7M), Italy ($77.5M), and Belgium ($74M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of India between 2021 and 2022 were United States ($85.9M), Belgium ($16.9M), and Turkey ($12.4M).

Imports In 2022, India imported $1.75B in Large Flat-Rolled Stainless Steel, becoming the 10th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 53rd most imported product in India. India imports Large Flat-Rolled Stainless Steel primarily from: China ($662M), Indonesia ($508M), Japan ($117M), Hong Kong ($92.9M), and South Korea ($80.1M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for India between 2021 and 2022 were China ($348M), Indonesia ($106M), and Hong Kong ($70.5M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3), Walmart (1), and Cinmar (1) were at the forefront of shipping Large 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 Large 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)$806M
IMPORTS (2022)$1.75B
NET TRADE (2022)-$948M

In 2022, India exported $806M in Large Flat-Rolled Stainless Steel. The main destinations of India exports on Large Flat-Rolled Stainless Steel were United States ($160M), Russia ($100M), Poland ($85.7M), Italy ($77.5M), and Belgium ($74M).

In 2022, India imported $1.75B in Large Flat-Rolled Stainless Steel, mainly from China ($662M), Indonesia ($508M), Japan ($117M), Hong Kong ($92.9M), and South Korea ($80.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$85.9M (116%)
Belgium$16.9M (29.6%)
Turkey$12.4M (56.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY India WERE (2021 - 2022):
Russia-$33M (-24.8%)
Indonesia-$29.8M (-47.5%)
Brazil-$10.2M (-39.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Large Flat-Rolled Stainless Steel were:
In 2022, India's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $4.95B
Italy $4.45B
China $3.42B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $39.8M
TOP IMPORT POTENTIALChina+ $294M

Large Flat-Rolled Stainless Steel’s highest export potential is United States. With an export gap of $39.8M.   Large Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $294M.

See methodology.

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