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730723 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.33BRnk 1805 / 4644
2023
Top Exporter | Top Importer $262M | $149MChina | United States
2023
Product Complexity 1.06Rnk 699 / 4656
2022 - 2023
Export Growth (CAGR) -3.86%Rnk 1956 / 4644
2023
Share of World Trade 0.0059%Rnk 1805 / 4644

About

Overview This page contains the latest trade data of Pipe fittings, butt welding of stainless steel. In 2023, Pipe fittings, butt welding of stainless steel were the world's 1805th most traded product, with a total trade of $1.33B. Between 2022 and 2023 the exports of Pipe fittings, butt welding of stainless steel decreased by -3.86%, from $1.38B to $1.33B. Trade in Pipe fittings, butt welding of stainless steel represent 0.0059% of total world trade.

Pipe fittings, butt welding of stainless steel are a part of Iron Pipe Fittings.

Exports In 2023 the top exporters of Pipe fittings, butt welding of stainless steel  were China ($262M), South Korea ($174M), Germany ($145M), Italy ($125M), and United States ($60.9M).

Imports In 2023 the top importers of Pipe fittings, butt welding of stainless steel were United States ($149M), Germany ($116M), China ($80.2M), Netherlands ($73.1M), and Japan ($56.7M).

Ranking Pipe fittings, butt welding of stainless steel ranks 699th in the Product Complexity Index (PCI).

Description Pipe fittings are used to join pipes in order to create a desired path. Butt welding is a technique of joining metal pieces together by melting the end of one piece and overlapping the end of the other piece. It is commonly used to join the ends of two pieces of stainless steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pipe fittings, butt welding of 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 (2023)China$262M
Top Destination (2023)United States$149M

In 2023 Pipe fittings, butt welding of stainless steel were the world's 1805th most traded product (out of 4,644).

In 2023, the top exporters of Pipe fittings, butt welding of stainless steel were China ($262M), South Korea ($174M), Germany ($145M), Italy ($125M), and United States ($60.9M).

In 2023, the top importers of Pipe fittings, butt welding of stainless steel were United States ($149M), Germany ($116M), China ($80.2M), Netherlands ($73.1M), and Japan ($56.7M).

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Exporters of Pipe fittings, butt welding of stainless steel (2023)
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Importers of Pipe fittings, butt welding of stainless steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$36.5M
Top Destination Growth (2022 -  2023)Qatar$22.9M

Between 2022 and 2023, the exports of Pipe fittings, butt welding of stainless steel grew the fastest in South Korea ($36.5M), Germany ($10.5M), Austria ($6.19M), Italy ($5.25M), and Denmark ($3.32M).

Between 2022 and 2023, the fastest growing importers of Pipe fittings, butt welding of stainless steel were Qatar ($22.9M), United Arab Emirates ($14.9M), India ($7.03M), Poland ($6.85M), and Denmark ($6.11M).

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Exporters of Pipe fittings, butt welding of stainless steel (2022 - 2023)

Importers of Pipe fittings, butt welding of stainless steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pipe fittings, butt welding of stainless steel.

In 2023, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Pipe fittings, butt welding of stainless steel are explained by 18 countries.

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Value of Exports in Pipe fittings, butt welding of stainless steel

Net Trade

TOP NET EXPORTER (2023)China$182M
TOP NET IMPORTER (2023)United States$88.5M

This map shows which countries export or import more of Pipe fittings, butt welding of stainless steel. Each country is colored based on the difference in exports and imports of Pipe fittings, butt welding of stainless steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pipe fittings, butt welding of stainless steel were China ($182M), South Korea ($163M), Italy ($85.1M), Malaysia ($31.6M), and Chinese Taipei ($31.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Pipe fittings, butt welding of stainless steel were United States ($88.5M), Japan ($43.8M), Netherlands ($37.7M), United Arab Emirates ($37M), and Qatar ($30M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Pipe fittings, butt welding of stainless steel.
It is possible to select the main countries that export or import Pipe fittings, butt welding of stainless steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pipe fittings, butt welding of 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 (2023)

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