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721810 (Harmonized System 1992 for 6-digit)

2022
World Trade $341MRnk 3292 / 4648
2022
Top Exporter | Top Importer $71.8M | $48.2MUnited States | United States
2022
Product Complexity 0.13Rnk 2324 / 4653
2021 - 2022
Export Growth (CAGR) -18.6%Rnk 4291 / 4648
2022
Share of World Trade 0.0014%Rnk 3292 / 4648

About

Overview This page contains the latest trade data of Ingots and other primary forms, stainless steel. In 2022, Ingots and other primary forms, stainless steel were the world's 3292nd most traded product, with a total trade of $341M. Between 2021 and 2022 the exports of Ingots and other primary forms, stainless steel decreased by -18.6%, from $419M to $341M. Trade in Ingots and other primary forms, stainless steel represent 0.0014% of total world trade.

Ingots and other primary forms, stainless steel are a part of Stainless Steel Ingots.

Exports In 2022 the top exporters of Ingots and other primary forms, stainless steel  were United States ($71.8M), Sweden ($32.8M), Canada ($32.4M), Italy ($31.1M), and Austria ($28.2M).

Imports In 2022 the top importers of Ingots and other primary forms, stainless steel were United States ($48.2M), Italy ($33.3M), Germany ($24M), China ($23.2M), and Netherlands ($21.6M).

Ranking Ingots and other primary forms, stainless steel ranks 2324th in the Product Complexity Index (PCI).

Description Primary forms are the first shape that is made from a given material. Ingots are pieces of metal that are heated and forged into a rough shape before being worked further into a finished product, such as a flat, rectangular bar.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ingots and other primary forms, 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)United States$71.8M
Top Destination (2022)United States$48.2M

In 2022 Ingots and other primary forms, stainless steel were the world's 3292nd most traded product (out of 4,648).

In 2022, the top exporters of Ingots and other primary forms, stainless steel were United States ($71.8M), Sweden ($32.8M), Canada ($32.4M), Italy ($31.1M), and Austria ($28.2M).

In 2022, the top importers of Ingots and other primary forms, stainless steel were United States ($48.2M), Italy ($33.3M), Germany ($24M), China ($23.2M), and Netherlands ($21.6M).

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Exporters of Ingots and other primary forms, stainless steel (2022)
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Importers of Ingots and other primary forms, stainless steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Kazakhstan$9.96M
Top Destination Growth (2021 -  2022)France$11.1M

Between 2021 and 2022, the exports of Ingots and other primary forms, stainless steel grew the fastest in Kazakhstan ($9.96M), Sweden ($5.32M), Australia ($3.6M), Japan ($2.26M), and Czechia ($2.01M).

Between 2021 and 2022, the fastest growing importers of Ingots and other primary forms, stainless steel were France ($11.1M), Canada ($9.39M), United Kingdom ($6.94M), Netherlands ($5.34M), and United States ($4M).

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Exporters of Ingots and other primary forms, stainless steel (2021 - 2022)

Importers of Ingots and other primary forms, stainless steel (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ingots and other primary forms, stainless steel.

In 2022, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Ingots and other primary forms, stainless steel are explained by 17 countries.

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Value of Exports in Ingots and other primary forms, stainless steel

Net Trade

TOP NET EXPORTER (2022)United States$23.7M
TOP NET IMPORTER (2022)China$20.4M

This map shows which countries export or import more of Ingots and other primary forms, stainless steel. Each country is colored based on the difference in exports and imports of Ingots and other primary forms, stainless steel during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ingots and other primary forms, stainless steel were United States ($23.7M), Sweden ($22.5M), Austria ($22.3M), Canada ($15.4M), and Kazakhstan ($9.96M).

In 2022, the countries that had a largest trade value in imports than in exports of Ingots and other primary forms, stainless steel were China ($20.4M), Germany ($13.3M), Netherlands ($12M), Belgium ($10.6M), and United Kingdom ($9.94M).

Net Trade (2022)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Ingots and other primary forms, stainless steel.
It is possible to select the main countries that export or import Ingots and other primary forms, stainless steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ingots and other primary forms, stainless steel by percentage of total exports

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)

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