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2022
Exports $353MWorld Rnk 4 / 78
Flag Rnk 648 / 1216
2022
Destination $2.33M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.33MItaly
2022
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.68Rnk 28 / 1025
2022
Imports $311MWorld Rnk 3 / 148
Flag Rnk 448 / 1212
2022
Origin $49.5M Japan
2021 - 2022
FASTEST GROWING ORIGIN $49.5MJapan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $353M in Hot-Rolled Stainless Steel Bars, making it the 4th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 648th most exported product in China. The main destination of Hot-Rolled Stainless Steel Bars exports from China are: Vietnam ($96.2M), Thailand ($63.8M), South Korea ($38.1M), Malaysia ($33.7M), and United States ($30.2M).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of China between 2021 and 2022 were Italy ($2.33M), Brazil ($1.66M), and Netherlands ($1.29M).

Imports In 2022, China imported $311M in Hot-Rolled Stainless Steel Bars, becoming the 3rd largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 448th most imported product in China. China imports Hot-Rolled Stainless Steel Bars primarily from: Japan ($162M), Chinese Taipei ($79.4M), Italy ($32.8M), South Korea ($17.7M), and Sweden ($10.7M).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for China between 2021 and 2022 were Japan ($49.5M), Chinese Taipei ($26.7M), and Italy ($6.37M).

Latest Trends

July 2024

About

Overview In July 2024 China's Hot-Rolled Stainless Steel Bars exports accounted up to $20.3M and imports accounted up to $20.7M, resulting in a negative trade balance of $371k. Between July 2023 and July 2024 the exports of China's   Hot-Rolled Stainless Steel Bars have increased by $8.75M (75.5%) from $11.6M to $20.3M, while imports increased by $5.21M (33.6%) from $15.5M to $20.7M.

Destinations In July 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Vietnam ($5.55M), South Korea ($3.2M), Malaysia ($2.42M), Thailand ($2.42M), and United States ($2.05M), and were imported mostly from Chinese Taipei ($7.33M), Japan ($6.32M), Italy ($3.84M), South Korea ($1.64M), and Sweden ($1.02M).

Growth In July 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to India ($1.48M or 570%), Singapore ($352k or 98.7%), and United States ($216k or 10.1%). In July 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from Italy ($3.26M or 313%), Chinese Taipei ($2.88M or 117%), and Sweden ($946k or 281%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$8.75M(75.5%)
IMPORT GROWTH (July 2023 - July 2024)$5.21M(33.6%)
MAIN EXPORTER (July 2024)Fujian Province$10.1M
MAIN DESTINATION (July 2024)Vietnam$5.55M

This section shows Hot-Rolled Stainless Steel Bars's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hot-Rolled Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$353M
IMPORTS (2022)$311M
NET TRADE (2022)$42.4M

In 2022, China exported $353M in Hot-Rolled Stainless Steel Bars. The main destinations of China exports on Hot-Rolled Stainless Steel Bars were Vietnam ($96.2M), Thailand ($63.8M), South Korea ($38.1M), Malaysia ($33.7M), and United States ($30.2M).

In 2022, China imported $311M in Hot-Rolled Stainless Steel Bars, mainly from Japan ($162M), Chinese Taipei ($79.4M), Italy ($32.8M), South Korea ($17.7M), and Sweden ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR China WERE (2021 - 2022):
Italy$2.33M (15.5%)
Brazil$1.66M (55.3%)
Netherlands$1.29M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY China WERE (2021 - 2022):
Thailand-$32.2M (-33.6%)
Malaysia-$18M (-34.8%)
India-$13.6M (-48.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $449M
Italy $413M
Japan $392M
In 2022, China's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $427M
Germany $353M

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Trade Value of Hot-Rolled Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.59M
TOP IMPORT POTENTIALSouth Korea+ $5.69M

Hot-Rolled Stainless Steel Bars’s highest export potential is India. With an export gap of $7.59M.   Hot-Rolled Stainless Steel Bars’s highest import potential is South Korea with an import gap of $5.69M.

See methodology.

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