2022
Exports
$65.5MWorld Rnk 12 / 104
Flag Rnk 526 / 1212
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots
1.08Rnk 143 / 1025
2022
Imports
$641MWorld Rnk 2 / 180
Flag Rnk 151 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $65.5M in Stainless Steel Ingots, making it the 12th largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 526th most exported product in India. The main destination of Stainless Steel Ingots exports from India are: Chinese Taipei ($26.4M), Vietnam ($14M), Ukraine ($7.82M), Italy ($4.52M), and Netherlands ($3.19M).

The fastest growing export markets for Stainless Steel Ingots of India between 2021 and 2022 were Chinese Taipei ($12.8M), Vietnam ($5.29M), and Italy ($4.24M).

Imports In 2022, India imported $641M in Stainless Steel Ingots, becoming the 2nd largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 151st most imported product in India. India imports Stainless Steel Ingots primarily from: Indonesia ($565M), Sweden ($56M), United Arab Emirates ($7.41M), China ($2.9M), and Italy ($2.51M).

The fastest growing import markets in Stainless Steel Ingots for India between 2021 and 2022 were Indonesia ($565M), Sweden ($15.2M), and United Arab Emirates ($7.21M).

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 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 (2022)$65.5M
IMPORTS (2022)$641M
NET TRADE (2022)-$576M

In 2022, India exported $65.5M in Stainless Steel Ingots. The main destinations of India exports on Stainless Steel Ingots were Chinese Taipei ($26.4M), Vietnam ($14M), Ukraine ($7.82M), Italy ($4.52M), and Netherlands ($3.19M).

In 2022, India imported $641M in Stainless Steel Ingots, mainly from Indonesia ($565M), Sweden ($56M), United Arab Emirates ($7.41M), China ($2.9M), and Italy ($2.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR India WERE (2021 - 2022):
Chinese Taipei$12.8M (94.6%)
Vietnam$5.29M (60.9%)
Italy$4.24M (1.51k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY India WERE (2021 - 2022):
Nepal-$749k (-37.8%)
Finland-$639k (-39%)
Netherlands-$366k (-10.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Stainless Steel Ingots were:
In 2022, India's main importing competitors in Stainless Steel Ingots were:
China $3.12B

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
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.

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