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Stainless steel bars and sections: top exporters and importers (2024)

In 2024, world trade in stainless steel bars and sections totaled $7 billion (1.6 million tonnes). The top exporters were India (16%), Italy (16%) and Germany (12%); the top importers were Germany (14%), the United States (11%) and Italy (6%). Compared with 2019, the value rose 16%.

Summary

World trade
$7billion
Tonnes
1.6million tonnes
Price per tonne
$4,477
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. India$1.1 billion · 16.3%
  2. Italy$1.1 billion · 16.1%
  3. Germany$825 million · 11.8%
  4. United States$528 million · 7.5%
  5. China$477 million · 6.8%
  6. Spain$380 million · 5.4%
  7. Taiwan$340 million · 4.9%
  8. France$339 million · 4.8%
  9. Austria$286 million · 4.1%
  10. Japan$273 million · 3.9%
  11. Sweden$170 million · 2.4%
  12. United Kingdom$152 million · 2.2%
  13. Switzerland$125 million · 1.8%
  14. Portugal$100 million · 1.4%
  15. South Korea$78 million · 1.1%
  16. Netherlands$66 million · 0.94%
    re-exports
  17. Slovenia$62 million · 0.88%
  18. Belgium$56 million · 0.79%
    re-exports
  19. Brazil$47 million · 0.67%
  20. Poland$43 million · 0.62%

Top importers

  1. Germany$948 million · 13.5%
  2. United States$770 million · 11%
  3. Italy$390 million · 5.6%
  4. China$358 million · 5.1%
  5. United Kingdom$300 million · 4.3%
  6. France$267 million · 3.8%
  7. Poland$210 million · 3%
  8. Canada$197 million · 2.8%
  9. Netherlands$197 million · 2.8%
    re-exports
  10. South Korea$194 million · 2.8%
  11. Turkey$190 million · 2.7%
  12. Thailand$169 million · 2.4%
  13. Switzerland$168 million · 2.4%
  14. Mexico$153 million · 2.2%
  15. Spain$139 million · 2%
  16. Brazil$124 million · 1.8%
  17. Czechia$123 million · 1.8%
  18. Vietnam$121 million · 1.7%
  19. India$112 million · 1.6%
  20. Austria$107 million · 1.5%

Trend

Who sells it

India has been the top exporter since 2024

Value in USD billions. The five largest exporters in 2024.

  • India 1.1
  • Italy 1.1
  • Germany 0.82
  • United States 0.53
  • China 0.48

Source: CEPII BACI

Show the numbers
Country19952024
India0.061.1
Italy0.381.1
Germany0.290.82
United States0.070.53
China0.010.48

Price

Implied price

The price per tonne rose 99% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $4,477

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,254
1996$2,161
1997$1,538
1998$1,729
1999$2,130
2000$1,825
2001$1,795
2002$1,723
2003$2,273
2004$2,888
2005$3,392
2006$3,433
2007$4,003
2008$4,396
2009$3,769
2010$3,982
2011$3,022
2012$3,247
2013$3,910
2014$3,878
2015$3,425
2016$2,734
2017$3,254
2018$3,764
2019$3,566
2020$3,440
2021$3,981
2022$5,055
2023$5,168
2024$4,477

What it includes

  • 7222 · Stainless steel bars and sections

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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