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732410 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.59BRnk 1637 / 4644
2023
Top Exporter | Top Importer $894M | $340MChina | United States
2023
Product Complexity 0.18Rnk 2236 / 4656
2022 - 2023
Export Growth (CAGR) -7.79%Rnk 2449 / 4644
2023
Share of World Trade 0.007%Rnk 1637 / 4644

About

Overview This page contains the latest trade data of Sinks and wash basins, stainless steel. In 2023, Sinks and wash basins, stainless steel were the world's 1637th most traded product, with a total trade of $1.59B. Between 2022 and 2023 the exports of Sinks and wash basins, stainless steel decreased by -7.79%, from $1.72B to $1.59B. Trade in Sinks and wash basins, stainless steel represent 0.007% of total world trade.

Sinks and wash basins, stainless steel are a part of Iron Toiletry.

Exports In 2023 the top exporters of Sinks and wash basins, stainless steel  were China ($894M), Vietnam ($113M), Germany ($74.7M), Italy ($62M), and Mexico ($61.8M).

Imports In 2023 the top importers of Sinks and wash basins, stainless steel were United States ($340M), Malaysia ($89.3M), Vietnam ($65.5M), Thailand ($63.6M), and Germany ($63.2M).

Ranking Sinks and wash basins, stainless steel ranks 2236th in the Product Complexity Index (PCI).

Description Sinks are used to wash dishes and basins are used to wash hands, or as a place to brush teeth. Stainless steel is typically used to make sinks and basins.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sinks and wash basins, 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$894M
Top Destination (2023)United States$340M

In 2023 Sinks and wash basins, stainless steel were the world's 1637th most traded product (out of 4,644).

In 2023, the top exporters of Sinks and wash basins, stainless steel were China ($894M), Vietnam ($113M), Germany ($74.7M), Italy ($62M), and Mexico ($61.8M).

In 2023, the top importers of Sinks and wash basins, stainless steel were United States ($340M), Malaysia ($89.3M), Vietnam ($65.5M), Thailand ($63.6M), and Germany ($63.2M).

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Exporters of Sinks and wash basins, stainless steel (2023)
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Importers of Sinks and wash basins, stainless steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$6.65M
Top Destination Growth (2022 -  2023)India$34.9M

Between 2022 and 2023, the exports of Sinks and wash basins, stainless steel grew the fastest in Switzerland ($6.65M), United Arab Emirates ($1.23M), Denmark ($997k), Belgium ($484k), and Slovenia ($323k).

Between 2022 and 2023, the fastest growing importers of Sinks and wash basins, stainless steel were India ($34.9M), Thailand ($34.6M), Vietnam ($32.4M), Indonesia ($10.5M), and Russia ($10.2M).

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Exporters of Sinks and wash basins, stainless steel (2022 - 2023)

Importers of Sinks and wash basins, stainless steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sinks and wash basins, stainless steel.

In 2023, market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Sinks and wash basins, stainless steel are explained by 7 countries.

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Value of Exports in Sinks and wash basins, stainless steel

Net Trade

TOP NET EXPORTER (2023)China$890M
TOP NET IMPORTER (2023)United States$318M

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

In 2023, the countries that had a largest trade value in exports than in imports of Sinks and wash basins, stainless steel were China ($890M), Turkey ($47.5M), Vietnam ($47.2M), Italy ($46.8M), and Mexico ($43.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Sinks and wash basins, stainless steel were United States ($318M), Malaysia ($57.3M), India ($45.1M), United Kingdom ($43.7M), and Australia ($43.4M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Sinks and wash basins, 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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