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Stainless steel bars and rods, hot-rolled, in irregularly wound coils

7221 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.89BRnk 684 / 1218
2022
Top Exporter | Top Importer $449M | $427MChinese Taipei | Italy
2022
Product Complexity 1.67Rnk 24 / 1033
2021 - 2022
Export Growth (CAGR) 17.9%Rnk 225 / 1218
2022
Share of World Trade 0.012%Rnk 684 / 1218

About

Overview This page contains the latest trade data of Hot-Rolled Stainless Steel Bars. In 2022, Hot-Rolled Stainless Steel Bars were the world's 684th most traded product, with a total trade of $2.89B. Between 2021 and 2022 the exports of Hot-Rolled Stainless Steel Bars grew by 17.9%, from $2.45B to $2.89B. Trade in Hot-Rolled Stainless Steel Bars represent 0.012% of total world trade.

Hot-Rolled Stainless Steel Bars are a part of Iron & steel. They include Bar or rod, stainless steel, hot rolled, coiled.

Exports In 2022 the top exporters of Hot-Rolled Stainless Steel Bars  were Chinese Taipei ($449M), Italy ($413M), Japan ($392M), China ($353M), and Spain ($262M).

Imports In 2022 the top importers of Hot-Rolled Stainless Steel Bars were Italy ($427M), Germany ($353M), China ($311M), United States ($260M), and Switzerland ($207M).

Ranking Hot-Rolled Stainless Steel Bars ranks 24th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot-Rolled Stainless Steel Bars. 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)Chinese Taipei$449M
Top Destination (2022)Italy$427M

In 2022 Hot-Rolled Stainless Steel Bars were the world's 684th most traded product (out of 1,218).

In 2022, the top exporters of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($449M), Italy ($413M), Japan ($392M), China ($353M), and Spain ($262M).

In 2022, the top importers of Hot-Rolled Stainless Steel Bars were Italy ($427M), Germany ($353M), China ($311M), United States ($260M), and Switzerland ($207M).

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

Color
Top Origin Growth (2021 -  2022)Japan$112M
Top Destination Growth (2021 -  2022)United States$82.5M

Between 2021 and 2022, the exports of Hot-Rolled Stainless Steel Bars grew the fastest in Japan ($112M), Italy ($110M), Chinese Taipei ($104M), India ($75.3M), and Spain ($65M).

Between 2021 and 2022, the fastest growing importers of Hot-Rolled Stainless Steel Bars were United States ($82.5M), China ($72.4M), Germany ($69.5M), Italy ($61.3M), and Switzerland ($49.6M).

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Exporters of Hot-Rolled Stainless Steel Bars (2021 - 2022)

Importers of Hot-Rolled Stainless Steel Bars (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Hot-Rolled Stainless Steel Bars are explained by 11 countries.

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Value of Exports in Hot-Rolled Stainless Steel Bars

Net Trade

TOP NET EXPORTER (2022)Chinese Taipei$383M
TOP NET IMPORTER (2022)Germany$324M

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

In 2022, the countries that had a largest trade value in exports than in imports of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($383M), Japan ($351M), Spain ($254M), Sweden ($210M), and India ($175M).

In 2022, the countries that had a largest trade value in imports than in exports of Hot-Rolled Stainless Steel Bars were Germany ($324M), United States ($243M), Switzerland ($200M), Thailand ($167M), and Vietnam ($153M).

Net Trade (2022)

Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALItaly+ $2.61M
TOP IMPORT POTENTIALChina+ $2.89M

Hot-Rolled Stainless Steel Bars’s highest export potential is Italy. With an export gap of $2.61M.  Hot-Rolled Stainless Steel Bars’s highest import potential is China with an import gap of $2.89M.

See methodology.

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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 Hot-Rolled Stainless Steel Bars.

Country by Relatedness

The following visualization shows the relatedness of Hot-Rolled Stainless Steel Bars 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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