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

7221 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.86BRnk 781 / 1217
2023
Top Exporter | Top Importer $356M | $275MChinese Taipei | Italy
2023
Product Complexity 1.68Rnk 15 / 1044
2022 - 2023
Export Growth (CAGR) -36%Rnk 1183 / 1217
2023
Share of World Trade 0.0082%Rnk 781 / 1217

About

Overview This page contains the latest trade data of Hot-Rolled Stainless Steel Bars. In 2023, Hot-Rolled Stainless Steel Bars were the world's 781st most traded product, with a total trade of $1.86B. Between 2022 and 2023 the exports of Hot-Rolled Stainless Steel Bars decreased by -36%, from $2.9B to $1.86B. Trade in Hot-Rolled Stainless Steel Bars represent 0.0082% 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 2023 the top exporters of Hot-Rolled Stainless Steel Bars  were Chinese Taipei ($356M), Italy ($248M), Japan ($229M), France ($178M), and India ($165M).

Imports In 2023 the top importers of Hot-Rolled Stainless Steel Bars were Italy ($275M), Germany ($250M), China ($178M), United States ($162M), and South Korea ($140M).

Ranking Hot-Rolled Stainless Steel Bars ranks 15th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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 (2023)Chinese Taipei$356M
Top Destination (2023)Italy$275M

In 2023 Hot-Rolled Stainless Steel Bars were the world's 781st most traded product (out of 1,217).

In 2023, the top exporters of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($356M), Italy ($248M), Japan ($229M), France ($178M), and India ($165M).

In 2023, the top importers of Hot-Rolled Stainless Steel Bars were Italy ($275M), Germany ($250M), China ($178M), United States ($162M), and South Korea ($140M).

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Exporters of Hot-Rolled Stainless Steel Bars (2023)
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Importers of Hot-Rolled Stainless Steel Bars (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$7.11M
Top Destination Growth (2022 -  2023)Sweden$2.36M

Between 2022 and 2023, the exports of Hot-Rolled Stainless Steel Bars grew the fastest in United States ($7.11M), Hong Kong ($2.12M), Singapore ($1.12M), Thailand ($527k), and South Africa ($466k).

Between 2022 and 2023, the fastest growing importers of Hot-Rolled Stainless Steel Bars were Sweden ($2.36M), Turkey ($2.02M), Romania ($1.82M), Spain ($1.18M), and Ukraine ($616k).

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Exporters of Hot-Rolled Stainless Steel Bars (2022 - 2023)

Importers of Hot-Rolled Stainless Steel Bars (2022 - 2023)

Market Concentration

Value

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

In 2023, 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 (2023)Chinese Taipei$325M
TOP NET IMPORTER (2023)Germany$224M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot-Rolled Stainless Steel Bars were Chinese Taipei ($325M), Japan ($197M), France ($156M), Sweden ($131M), and India ($126M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot-Rolled Stainless Steel Bars were Germany ($224M), United States ($142M), Switzerland ($120M), Thailand ($110M), and Czechia ($88.4M).

Net Trade (2023)

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

Flow
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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 (2023)

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 (2023)

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