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Stainless steel sheet: top exporters and importers (2024)

In 2024, world trade in stainless steel sheet totaled $32.1 billion (14.2 million tonnes). The top exporters were Indonesia (19%), China (17%) and Belgium (10%); the top importers were Germany (11%), Italy (8%) and China (6%). Compared with 2019, the value rose 8%.

Summary

World trade
$32.1billion
Tonnes
14.2million tonnes
Price per tonne
$2,264
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$5.9 billion · 18.5%
  2. China$5.4 billion · 16.7%
  3. Belgium$3.1 billion · 9.5%
    re-exports
  4. Finland$2.6 billion · 8.1%
  5. Italy$2 billion · 6.1%
  6. South Korea$1.7 billion · 5.3%
  7. France$1.5 billion · 4.8%
  8. Taiwan$1.5 billion · 4.6%
  9. Sweden$1.1 billion · 3.3%
  10. United States$993 million · 3.1%
  11. Germany$928 million · 2.9%
  12. Japan$915 million · 2.9%
  13. Vietnam$828 million · 2.6%
  14. Spain$614 million · 1.9%
  15. India$574 million · 1.8%
  16. Netherlands$535 million · 1.7%
    re-exports
  17. Slovenia$393 million · 1.2%
  18. South Africa$310 million · 0.97%
  19. Turkey$225 million · 0.7%
  20. Poland$142 million · 0.44%

Top importers

  1. Germany$3.5 billion · 10.8%
  2. Italy$2.6 billion · 8.2%
  3. China$2 billion · 6.4%
  4. Taiwan$2 billion · 6.2%
  5. Vietnam$1.8 billion · 5.6%
  6. India$1.7 billion · 5.3%
  7. France$1.4 billion · 4.5%
  8. South Korea$1.4 billion · 4.5%
  9. Turkey$1.4 billion · 4.2%
  10. United States$1.3 billion · 4.1%
  11. Netherlands$1.2 billion · 3.7%
    re-exports
  12. Mexico$891 million · 2.8%
  13. Poland$827 million · 2.6%
  14. Thailand$709 million · 2.2%
  15. Spain$621 million · 1.9%
  16. Russia$609 million · 1.9%
  17. Japan$585 million · 1.8%
  18. Canada$583 million · 1.8%
  19. Malaysia$538 million · 1.7%
  20. United Kingdom$443 million · 1.4%

Trend

Who sells it

Indonesia has been the top exporter since 2021

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

  • Indonesia 5.9
  • China 5.4
  • Belgium 3.1
  • Finland 2.6
  • Italy 2

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia< 0.015.9
China0.065.4
Belgium1.63.1
Finland0.892.6
Italy0.682

Price

Implied price

The price per tonne stayed close to $2,264 since 1995

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

  • 2024: $2,264

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,297
1996$1,942
1997$1,749
1998$1,540
1999$1,355
2000$1,613
2001$1,407
2002$1,355
2003$1,576
2004$2,068
2005$2,256
2006$2,573
2007$3,657
2008$3,428
2009$2,358
2010$2,621
2011$3,157
2012$2,613
2013$2,095
2014$2,615
2015$2,131
2016$1,877
2017$2,150
2018$2,315
2019$2,179
2020$2,050
2021$2,545
2022$3,139
2023$2,621
2024$2,264

What it includes

  • 7219 · Stainless steel sheet

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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