2022
Exports
$429MWorld Rnk 2 / 126
Flag Rnk 607 / 1216
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire
1.38Rnk 74 / 1025
2022
Imports
$152MWorld Rnk 4 / 202
Flag Rnk 564 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $429M in Stainless Steel Wire, making it the 2nd largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 607th most exported product in China. The main destination of Stainless Steel Wire exports from China are: South Korea ($60.6M), Japan ($30.9M), Germany ($26.5M), United States ($26.4M), and Vietnam ($26.3M).

The fastest growing export markets for Stainless Steel Wire of China between 2021 and 2022 were Russia ($14.4M), Canada ($8.39M), and South Korea ($6.46M).

Imports In 2022, China imported $152M in Stainless Steel Wire, becoming the 4th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 564th most imported product in China. China imports Stainless Steel Wire primarily from: Japan ($41.6M), South Korea ($41.1M), Germany ($14.4M), United States ($10.5M), and Belgium ($8.14M).

The fastest growing import markets in Stainless Steel Wire for China between 2021 and 2022 were Germany ($2.13M), Sweden ($1.48M), and Czechia ($1.38M).

COMPANIES In 2023, leading companies such as IKEA Group (2) and Walmart (2) were at the forefront of shipping Stainless Steel Wire from China to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.59M(-6.18%)
IMPORT GROWTH (July 2023 - July 2024)$-2.33M(-14.7%)
MAIN EXPORTER (July 2024)Guangdong Province$9.34M
MAIN DESTINATION (July 2024)South Korea$5.06M

This section shows Stainless Steel Wire's exports and imports data at subnational level for China. 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 Stainless Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$429M
IMPORTS (2022)$152M
NET TRADE (2022)$277M

In 2022, China exported $429M in Stainless Steel Wire. The main destinations of China exports on Stainless Steel Wire were South Korea ($60.6M), Japan ($30.9M), Germany ($26.5M), United States ($26.4M), and Vietnam ($26.3M).

In 2022, China imported $152M in Stainless Steel Wire, mainly from Japan ($41.6M), South Korea ($41.1M), Germany ($14.4M), United States ($10.5M), and Belgium ($8.14M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$14.4M (217%)
Canada$8.39M (200%)
South Korea$6.46M (11.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY China WERE (2021 - 2022):
Indonesia-$12.9M (-47.9%)
China-$2.28M (-76.9%)
Hong Kong-$1.72M (-62.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Stainless Steel Wire were:
In 2022, China's main importing competitors in Stainless Steel Wire were:

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.5M
TOP IMPORT POTENTIALIndia+ $7.14M

Stainless Steel Wire’s highest export potential is United States. With an export gap of $11.5M.   Stainless Steel Wire’s highest import potential is India with an import gap of $7.14M.

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