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722211 (Harmonized System 1996 for 6-digit)

2023
World Trade $1.43BRnk 1774 / 4766
2023
Top Exporter | Top Importer $195M | $268MGermany | Germany
2023
Product Complexity 1.19Rnk 486 / 4780
2022 - 2023
Export Growth (CAGR) -5.44%Rnk 2209 / 4766
2023
Share of World Trade 0.0063%Rnk 1774 / 4766

About

Overview This page contains the latest trade data of Stainless Steel Rods: Hot-Processed, Circular Shape. In 2023, Stainless Steel Rods: Hot-Processed, Circular Shape were the world's 1774th most traded product, with a total trade of $1.43B. Between 2022 and 2023 the exports of Stainless Steel Rods: Hot-Processed, Circular Shape decreased by -5.44%, from $1.51B to $1.43B. Trade in Stainless Steel Rods: Hot-Processed, Circular Shape represent 0.0063% of total world trade.

Stainless Steel Rods: Hot-Processed, Circular Shape are a part of Stainless steel bars and rods, angles, shapes and sections.

Exports In 2023 the top exporters of Stainless Steel Rods: Hot-Processed, Circular Shape  were Germany ($195M), Italy ($167M), India ($162M), Spain ($151M), and France ($125M).

Imports In 2023 the top importers of Stainless Steel Rods: Hot-Processed, Circular Shape were Germany ($268M), Italy ($172M), United States ($80.9M), Canada ($69.2M), and China ($66.4M).

Ranking Stainless Steel Rods: Hot-Processed, Circular Shape ranks 486th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Stainless Steel Rods: Hot-Processed, Circular Shape. 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)Germany$195M
Top Destination (2023)Germany$268M

In 2023 Stainless Steel Rods: Hot-Processed, Circular Shape were the world's 1774th most traded product (out of 4,766).

In 2023, the top exporters of Stainless Steel Rods: Hot-Processed, Circular Shape were Germany ($195M), Italy ($167M), India ($162M), Spain ($151M), and France ($125M).

In 2023, the top importers of Stainless Steel Rods: Hot-Processed, Circular Shape were Germany ($268M), Italy ($172M), United States ($80.9M), Canada ($69.2M), and China ($66.4M).

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Exporters of Stainless Steel Rods: Hot-Processed, Circular Shape (2023)
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Importers of Stainless Steel Rods: Hot-Processed, Circular Shape (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$18.8M
Top Destination Growth (2022 -  2023)Italy$14.9M

Between 2022 and 2023, the exports of Stainless Steel Rods: Hot-Processed, Circular Shape grew the fastest in China ($18.8M), France ($14.9M), Austria ($10.8M), Germany ($4.88M), and Japan ($4.76M).

Between 2022 and 2023, the fastest growing importers of Stainless Steel Rods: Hot-Processed, Circular Shape were Italy ($14.9M), Brazil ($14.4M), Canada ($11.4M), Russia ($10.8M), and Mexico ($10.4M).

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Exporters of Stainless Steel Rods: Hot-Processed, Circular Shape (2022 - 2023)

Importers of Stainless Steel Rods: Hot-Processed, Circular Shape (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Stainless Steel Rods: Hot-Processed, Circular Shape.

In 2023, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Stainless Steel Rods: Hot-Processed, Circular Shape are explained by 15 countries.

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Value of Exports in Stainless Steel Rods: Hot-Processed, Circular Shape

Net Trade

TOP NET EXPORTER (2023)India$140M
TOP NET IMPORTER (2023)Germany$72.9M

This map shows which countries export or import more of Stainless Steel Rods: Hot-Processed, Circular Shape. Each country is colored based on the difference in exports and imports of Stainless Steel Rods: Hot-Processed, Circular Shape during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Stainless Steel Rods: Hot-Processed, Circular Shape were India ($140M), Spain ($131M), Sweden ($85.8M), France ($70.5M), and Chinese Taipei ($43.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Stainless Steel Rods: Hot-Processed, Circular Shape were Germany ($72.9M), Canada ($65.8M), Mexico ($40.3M), Denmark ($34M), and Poland ($29.2M).

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 Stainless Steel Rods: Hot-Processed, Circular Shape.
It is possible to select the main countries that export or import Stainless Steel Rods: Hot-Processed, Circular Shape in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Stainless Steel Rods: Hot-Processed, Circular Shape 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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