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Stainless steel; flat-rolled products of width less than 600mm

7220 (Harmonized System 1992 for 4-digit)

2022
World Trade $6.68BRnk 481 / 1218
2022
Top Exporter | Top Importer $953M | $909MGermany | Germany
2022
Product Complexity 1.5Rnk 46 / 1033
2021 - 2022
Export Growth (CAGR) 11.2%Rnk 380 / 1218
2022
Share of World Trade 0.028%Rnk 481 / 1218

About

Overview This page contains the latest trade data of Flat-Rolled Stainless Steel. In 2022, Flat-Rolled Stainless Steel were the world's 481st most traded product, with a total trade of $6.68B. Between 2021 and 2022 the exports of Flat-Rolled Stainless Steel grew by 11.2%, from $6.01B to $6.68B. Trade in Flat-Rolled Stainless Steel represent 0.028% of total world trade.

Flat-Rolled Stainless Steel are a part of Iron & steel. They include Stainless steel sheet, w <600mm, cold rolled/reduced, Rolled stainless steel sheet, width < 600mm, nes, Hot Rolled Stainless Steel Sheet (<600mm, t<4.75mm), and Hot Rolled Stainless Steel Sheet (<600mm, t>4.75mm).

Exports In 2022 the top exporters of Flat-Rolled Stainless Steel  were Germany ($953M), China ($901M), Italy ($575M), Japan ($517M), and United States ($500M).

Imports In 2022 the top importers of Flat-Rolled Stainless Steel were Germany ($909M), United States ($376M), Italy ($346M), Mexico ($334M), and China ($321M).

Ranking Flat-Rolled Stainless Steel ranks 46th in the Product Complexity Index (PCI).

Description Flat-rolled products of stainless steel are used in the production of other goods. They can be made from a variety of materials, including iron, chromium, and nickel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Flat-Rolled Stainless Steel. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$953M
Top Destination (2022)Germany$909M

In 2022 Flat-Rolled Stainless Steel were the world's 481st most traded product (out of 1,218).

In 2022, the top exporters of Flat-Rolled Stainless Steel were Germany ($953M), China ($901M), Italy ($575M), Japan ($517M), and United States ($500M).

In 2022, the top importers of Flat-Rolled Stainless Steel were Germany ($909M), United States ($376M), Italy ($346M), Mexico ($334M), and China ($321M).

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Exporters of Flat-Rolled Stainless Steel (2022)
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Importers of Flat-Rolled Stainless Steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$142M
Top Destination Growth (2021 -  2022)Italy$108M

Between 2021 and 2022, the exports of Flat-Rolled Stainless Steel grew the fastest in Germany ($142M), United States ($115M), China ($109M), India ($83.3M), and Italy ($78.5M).

Between 2021 and 2022, the fastest growing importers of Flat-Rolled Stainless Steel were Italy ($108M), United States ($82.7M), France ($64.2M), Germany ($59.4M), and Canada ($53.2M).

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Exporters of Flat-Rolled Stainless Steel (2021 - 2022)

Importers of Flat-Rolled Stainless Steel (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Flat-Rolled Stainless Steel.

In 2022, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Flat-Rolled Stainless Steel are explained by 18 countries.

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Value of Exports in Flat-Rolled Stainless Steel

Net Trade

TOP NET EXPORTER (2022)China$581M
TOP NET IMPORTER (2022)Mexico$315M

This map shows which countries export or import more of Flat-Rolled Stainless Steel. Each country is colored based on the difference in exports and imports of Flat-Rolled Stainless Steel during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Flat-Rolled Stainless Steel were China ($581M), Japan ($446M), Romania ($256M), South Korea ($252M), and Italy ($228M).

In 2022, the countries that had a largest trade value in imports than in exports of Flat-Rolled Stainless Steel were Mexico ($315M), Poland ($206M), Canada ($191M), Turkey ($188M), and Vietnam ($174M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Flat-Rolled Stainless Steel, disaggragated by their HS6 level were Stainless steel sheet, w <600mm, cold... ($5.53B), Rolled stainless steel sheet, width <... ($611M), Hot Rolled Stainless Steel Sheet (<600mm,... ($293M), and Hot Rolled Stainless Steel Sheet (<600mm,... ($243M)

HS6 Disaggregation for Flat-Rolled Stainless Steel (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Flat-Rolled Stainless Steel.
It is possible to select the main countries that export or import Flat-Rolled Stainless Steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Flat-Rolled Stainless Steel by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $11M
TOP IMPORT POTENTIALFrance+ $9.9M

Flat-Rolled Stainless Steel’s highest export potential is France. With an export gap of $11M.  Flat-Rolled Stainless Steel’s highest import potential is France with an import gap of $9.9M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Flat-Rolled Stainless Steel.

Country by Relatedness

The following visualization shows the relatedness of Flat-Rolled Stainless Steel to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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