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2022
Exports $526MWorld Rnk 1 / 126
Flag Rnk 158 / 1212
2022
Destination $30.8M United States
2021 - 2022
FASTEST GROWING MARKET $30.8MUnited States
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $46.4MWorld Rnk 22 / 202
Flag Rnk 616 / 1206
2022
Origin $4.27M China
2021 - 2022
FASTEST GROWING ORIGIN $4.27MChina
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $526M in Stainless Steel Wire, making it the 1st largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 158th most exported product in India. The main destination of Stainless Steel Wire exports from India are: United States ($120M), Netherlands ($60.1M), Germany ($41.9M), Italy ($31.6M), and France ($30.2M).

The fastest growing export markets for Stainless Steel Wire of India between 2021 and 2022 were United States ($30.8M), Italy ($5.12M), and United Arab Emirates ($4.29M).

Imports In 2022, India imported $46.4M in Stainless Steel Wire, becoming the 22nd largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 616th most imported product in India. India imports Stainless Steel Wire primarily from: China ($16.2M), Japan ($12.9M), Sweden ($4.22M), Germany ($2.58M), and United States ($2.54M).

The fastest growing import markets in Stainless Steel Wire for India between 2021 and 2022 were China ($4.27M), United States ($679k), and Germany ($447k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Stainless Steel Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$526M
IMPORTS (2022)$46.4M
NET TRADE (2022)$479M

In 2022, India exported $526M in Stainless Steel Wire. The main destinations of India exports on Stainless Steel Wire were United States ($120M), Netherlands ($60.1M), Germany ($41.9M), Italy ($31.6M), and France ($30.2M).

In 2022, India imported $46.4M in Stainless Steel Wire, mainly from China ($16.2M), Japan ($12.9M), Sweden ($4.22M), Germany ($2.58M), and United States ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$30.8M (34.7%)
Italy$5.12M (19.3%)
United Arab Emirates$4.29M (79.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY India WERE (2021 - 2022):
Netherlands-$3.01M (-4.77%)
France-$1.96M (-6.08%)
Turkey-$1.25M (-4.35%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Stainless Steel Wire were:
China $429M
South Korea $291M
In 2022, India's main importing competitors in Stainless Steel Wire were:
Germany $435M
United States $345M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
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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.

See methodology.

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