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722219 (Harmonized System 1996 for 6-digit)

2023
World Trade $543MRnk 2826 / 4766
2023
Top Exporter | Top Importer $88.2M | $89.1MIndia | United States
2023
Product Complexity 0.85Rnk 1079 / 4780
2022 - 2023
Export Growth (CAGR) -24.9%Rnk 4110 / 4766
2023
Share of World Trade 0.0024%Rnk 2826 / 4766

About

Overview This page contains the latest trade data of Stainless Steel Rods: Hot-Processed, Other Shapes. In 2023, Stainless Steel Rods: Hot-Processed, Other Shapes were the world's 2826th most traded product, with a total trade of $543M. Between 2022 and 2023 the exports of Stainless Steel Rods: Hot-Processed, Other Shapes decreased by -24.9%, from $723M to $543M. Trade in Stainless Steel Rods: Hot-Processed, Other Shapes represent 0.0024% of total world trade.

Stainless Steel Rods: Hot-Processed, Other Shapes 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, Other Shapes  were India ($88.2M), Italy ($73.9M), Germany ($65.1M), Portugal ($54.3M), and China ($43M).

Imports In 2023 the top importers of Stainless Steel Rods: Hot-Processed, Other Shapes were United States ($89.1M), Germany ($62.3M), Canada ($36.5M), Italy ($24.1M), and Netherlands ($20.2M).

Ranking Stainless Steel Rods: Hot-Processed, Other Shapes ranks 1079th 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, Other Shapes. 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)India$88.2M
Top Destination (2023)United States$89.1M

In 2023 Stainless Steel Rods: Hot-Processed, Other Shapes were the world's 2826th most traded product (out of 4,766).

In 2023, the top exporters of Stainless Steel Rods: Hot-Processed, Other Shapes were India ($88.2M), Italy ($73.9M), Germany ($65.1M), Portugal ($54.3M), and China ($43M).

In 2023, the top importers of Stainless Steel Rods: Hot-Processed, Other Shapes were United States ($89.1M), Germany ($62.3M), Canada ($36.5M), Italy ($24.1M), and Netherlands ($20.2M).

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

Color
Top Origin Growth (2022 -  2023)United States$13.9M
Top Destination Growth (2022 -  2023)Canada$15.8M

Between 2022 and 2023, the exports of Stainless Steel Rods: Hot-Processed, Other Shapes grew the fastest in United States ($13.9M), China ($2.72M), Czechia ($1.26M), Austria ($465k), and Norway ($343k).

Between 2022 and 2023, the fastest growing importers of Stainless Steel Rods: Hot-Processed, Other Shapes were Canada ($15.8M), Mexico ($4.98M), Saudi Arabia ($3.05M), South Korea ($2.91M), and Croatia ($1.76M).

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Exporters of Stainless Steel Rods: Hot-Processed, Other Shapes (2022 - 2023)

Importers of Stainless Steel Rods: Hot-Processed, Other Shapes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Stainless Steel Rods: Hot-Processed, Other Shapes are explained by 15 countries.

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Value of Exports in Stainless Steel Rods: Hot-Processed, Other Shapes

Net Trade

TOP NET EXPORTER (2023)India$75.4M
TOP NET IMPORTER (2023)United States$48.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Stainless Steel Rods: Hot-Processed, Other Shapes were India ($75.4M), Portugal ($52.7M), Italy ($49.9M), China ($30.5M), and Chinese Taipei ($23.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Stainless Steel Rods: Hot-Processed, Other Shapes were United States ($48.5M), Canada ($36.3M), Hungary ($16.8M), Mexico ($15.6M), and Netherlands ($14.1M).

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

Top 10 Exporters Countries of Stainless Steel Rods: Hot-Processed, Other Shapes 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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