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2023
Exports $55.1MWorld Rnk 13 / 103
Flag Rnk 570 / 1212
2023
Destination $7.86M Ukraine
2022 - 2023
FASTEST GROWING MARKET $7.86MUkraine
2023
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.04Rnk 163 / 1025
2023
Imports $1.42BWorld Rnk 1 / 173
Flag Rnk 68 / 1208
2023
Origin $743M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $743MIndonesia
2023
ECONOMIC COMPLEXITY of India0.65Rnk 39 / 132

About

Exports In 2023, India exported $55.1M in Stainless Steel Ingots, making it the 13th largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 570th most exported product in India. The main destination of Stainless Steel Ingots exports from India are: Ukraine ($15.7M), Vietnam ($11.2M), Chinese Taipei ($10.6M), Portugal ($6.05M), and Italy ($2.85M).

The fastest growing export markets for Stainless Steel Ingots of India between 2022 and 2023 were Ukraine ($7.86M), Portugal ($5.67M), and Belgium ($1.15M).

Imports In 2023, India imported $1.42B in Stainless Steel Ingots, becoming the 1st largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 68th most imported product in India. India imports Stainless Steel Ingots primarily from: Indonesia ($1.34B), Sweden ($65.7M), Vietnam ($3.37M), Italy ($962k), and United Kingdom ($931k).

The fastest growing import markets in Stainless Steel Ingots for India between 2022 and 2023 were Indonesia ($743M), Sweden ($12.2M), and Vietnam ($1.39M).

Latest Trends

Dec 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 Stainless Steel Ingots. 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 (2023)$55.1M
IMPORTS (2023)$1.42B
NET TRADE (2023)-$1.36B

In 2023, India exported $55.1M in Stainless Steel Ingots. The main destinations of India exports on Stainless Steel Ingots were Ukraine ($15.7M), Vietnam ($11.2M), Chinese Taipei ($10.6M), Portugal ($6.05M), and Italy ($2.85M).

In 2023, India imported $1.42B in Stainless Steel Ingots, mainly from Indonesia ($1.34B), Sweden ($65.7M), Vietnam ($3.37M), Italy ($962k), and United Kingdom ($931k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR India WERE (2022 - 2023):
Ukraine$7.86M (101%)
Portugal$5.67M (1.51k%)
Belgium$1.15M (1.36k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY India WERE (2022 - 2023):
Chinese Taipei-$16.3M (-60.6%)
Vietnam-$3.01M (-21.2%)
Italy-$1.79M (-38.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Stainless Steel Ingots were:
Indonesia $2.88B
United Kingdom $759M
Sweden $298M
In 2023, India's main importing competitors in Stainless Steel Ingots were:
China $1.25B
Belgium $426M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALItaly+ $1.48M
TOP IMPORT POTENTIALChina+ $4.61M

Stainless Steel Ingots’s highest export potential is Italy. With an export gap of $1.48M.   Stainless Steel Ingots’s highest import potential is China with an import gap of $4.61M.

See methodology.

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