![]() Netherlands: $3.4 million (reversing a -$3.35 million deficit).Belgium: $7.7 million (reversing a -$32.8 million deficit).Japan: $8 million (reversing a -$149,000 deficit).Brazil: $27 million (reversing a -$1.047 million deficit).Spain: $34.7 million (reversing a -$32.1 million deficit). ![]() Germany: $53.6 million (reversing a -$60.9 million deficit).South Korea: $66.5 million (reversing a -$6.1 million deficit).Thus, the statistics below present the surplus between the value of each country’s exported stainless steel and its import purchases for that same commodity. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. The following countries posted the highest positive net exports for stainless steel during 2022. Countries Generating Biggest Surpluses Trading Stainless Steel Indonesia: US$4.1 billion (61.8% of total stainless steel exports)īy value, the listed 15 countries shipped 97.2% of global stainless steel exported in 2022.Īmong the top exporters, the fastest-growing stainless steel exporters from 2021 to 2022 were: South Korea (up 385.9%), Germany (up 262.6%), Spain (up 232.4%) and India (up 77.9%).Ī trio of major suppliers posted declines in their sales of exported stainless steel, namely France (down -7.8% from 2021), Taiwan (down -6.8%) and Canada (down -0.1%).Smaller percentages came from providers in North America (2.4%), Latin America (0.4%) excluding Mexico but including the Caribbean, Oceania (0.2%) mostly Australia, and Africa (0.1%).įor research purposes, the 4-digit Harmonized Tariff System code prefix is 7218 for stainless steel in primary forms including ingots.īelow are the 15 countries that exported the highest dollar value worth of stainless steel during 2022. In second place were European exporters via a 30.4% share. That powerful cohort generated 84.7% of exported stainless steel by value.Īmong continents, exporters in Asia sold the highest dollar worth of exported stainless steel during 2022 with shipments valued at $4.4 billion or about two-thirds (66.6%) of world exports for that commodity. The 5 biggest exporters of stainless steel in 2022 are Indonesia, United Kingdom, Sweden, Italy and Germany. That dollar amount results from a 148.8% increase compared to 2018 when stainless steel exports were worth $2.64 billion.įrom 2021 to 2022, the value of globally exported stainless steel accelerated by 18.1% starting from $5.57 billion. Stainless steel potsGlobal sales for stainless steel exported from all countries totaled US$6.6 billion in 2022.
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