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Stainless steel wire

7223 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.11BRnk 673 / 1218
2022
Top Exporter | Top Importer $526M | $435MIndia | Germany
2022
Product Complexity 1.25Rnk 96 / 1033
2021 - 2022
Export Growth (CAGR) 8.3%Rnk 470 / 1218
2022
Share of World Trade 0.013%Rnk 673 / 1218

About

Overview This page contains the latest trade data of Stainless Steel Wire. In 2022, Stainless Steel Wire were the world's 673rd most traded product, with a total trade of $3.11B. Between 2021 and 2022 the exports of Stainless Steel Wire grew by 8.3%, from $2.87B to $3.11B. Trade in Stainless Steel Wire represent 0.013% of total world trade.

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

Exports In 2022 the top exporters of Stainless Steel Wire  were India ($526M), China ($429M), South Korea ($291M), Germany ($224M), and United States ($180M).

Imports In 2022 the top importers of Stainless Steel Wire were Germany ($435M), United States ($345M), Italy ($226M), China ($152M), and France ($132M).

Ranking Stainless Steel Wire ranks 96th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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.

Explore Latest Trends

* 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 (2022)India$526M
Top Destination (2022)Germany$435M

In 2022 Stainless Steel Wire were the world's 673rd most traded product (out of 1,218).

In 2022, the top exporters of Stainless Steel Wire were India ($526M), China ($429M), South Korea ($291M), Germany ($224M), and United States ($180M).

In 2022, the top importers of Stainless Steel Wire were Germany ($435M), United States ($345M), Italy ($226M), China ($152M), and France ($132M).

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Exporters of Stainless Steel Wire (2022)
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Importers of Stainless Steel Wire (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$65.4M
Top Destination Growth (2021 -  2022)United States$97.3M

Between 2021 and 2022, the exports of Stainless Steel Wire grew the fastest in India ($65.4M), China ($57.3M), Sweden ($44.9M), South Korea ($32.5M), and Germany ($27.9M).

Between 2021 and 2022, the fastest growing importers of Stainless Steel Wire were United States ($97.3M), Italy ($78M), Germany ($35.2M), Netherlands ($20.6M), and France ($16.9M).

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Exporters of Stainless Steel Wire (2021 - 2022)

Importers of Stainless Steel Wire (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.2. 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

TOP NET EXPORTER (2022)India$479M
TOP NET IMPORTER (2022)Germany$211M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Stainless Steel Wire were India ($479M), China ($277M), South Korea ($187M), Sweden ($131M), and Czechia ($100M).

In 2022, the countries that had a largest trade value in imports than in exports of Stainless Steel Wire were Germany ($211M), United States ($164M), Italy ($122M), Turkey ($78.3M), and Costa Rica ($70.9M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Stainless Steel Wire.

Country by Relatedness

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.

Relative Relatedness by Country (2022)

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