Stainless Steel Wire (HS: 7223) Product Trade, Exporters and Importers

About

Overview This page contains the latest trade data of Stainless Steel Wire. In 2023, Stainless Steel Wire were the world's 699th most traded product, with a total trade of $2.61B. Between 2022 and 2023 the exports of Stainless Steel Wire decreased by -15.5%, from $3.09B to $2.61B. Trade in Stainless Steel Wire represent 0.012% of total world trade.

Stainless Steel Wire are a part of Iron & steel. They include Wire of stainless steel.

Exports In 2023 the top exporters of Stainless Steel Wire were India ($429M), China ($331M), South Korea ($246M), United States ($231M), and Germany ($203M).

Imports In 2023 the top importers of Stainless Steel Wire were Germany ($279M), United States ($240M), China ($171M), Italy ($161M), and Costa Rica ($127M).

Ranking Stainless Steel Wire ranks 22nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Stainless Steel Wire. 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

Year

Top Origin (2023)India$429M

Top Destination (2023)Germany$279M

In 2023 Stainless Steel Wire were the world's 699th most traded product (out of 1,217).

In 2023, the top exporters of Stainless Steel Wire were India ($429M), China ($331M), South Korea ($246M), United States ($231M), and Germany ($203M).

In 2023, the top importers of Stainless Steel Wire were Germany ($279M), United States ($240M), China ($171M), Italy ($161M), and Costa Rica ($127M).

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Exporters of Stainless Steel Wire (2023)
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Importers of Stainless Steel Wire (2023)
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Market Dynamics

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Top Origin Growth (2022 - 2023)United States$43.5M

Top Destination Growth (2022 - 2023)Costa Rica$34.6M

Between 2022 and 2023, the exports of Stainless Steel Wire grew the fastest in United States ($43.5M), Czechia ($7.52M), Kazakhstan ($5.44M), Austria ($3.43M), and Belgium ($2.86M).

Between 2022 and 2023, the fastest growing importers of Stainless Steel Wire were Costa Rica ($34.6M), Russia ($22.7M), Finland ($8.73M), Kazakhstan ($8.25M), and Brazil ($5.37M).

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Exporters of Stainless Steel Wire (2022 - 2023)

Importers of Stainless Steel Wire (2022 - 2023)

Market Concentration

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This chart shows the evolution of the market concentration of exports of Stainless Steel Wire.

In 2023, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Stainless Steel Wire are explained by 18 countries.

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Value of Exports in Stainless Steel Wire

Net Trade

Year

TOP NET EXPORTER (2023)India$394M

TOP NET IMPORTER (2023)Costa Rica$123M

This map shows which countries export or import more of Stainless Steel Wire. Each country is colored based on the difference in exports and imports of Stainless Steel Wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Stainless Steel Wire were India ($394M), South Korea ($164M), China ($160M), Sweden ($115M), and Czechia ($96M).

In 2023, the countries that had a largest trade value in imports than in exports of Stainless Steel Wire were Costa Rica ($123M), Mexico ($84.9M), Russia ($77.3M), Germany ($76M), and Italy ($72.5M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Stainless Steel Wire.
It is possible to select the main countries that export or import Stainless Steel Wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Stainless Steel Wire by percentage of total exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $11.2M

TOP IMPORT POTENTIALChina+ $10.6M

Stainless Steel Wire’s highest export potential is Germany. With an export gap of $11.2M. Stainless Steel Wire’s highest import potential is China with an import gap of $10.6M.

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Product Complexity

Diversification Frontier

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RCA ≤ 1

RCA > 1

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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)

Country by Relatedness

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The following visualization shows the relatedness of Stainless Steel Wire to countries. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.