Top Stainless Steel Exporters by Country

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Global sales from stainless steel exports by country totaled US$2.2 billion in 2017.

Overall, the value of exported stainless steel rose by an average 6% for all exporting countries since 2013 when stainless steel shipments were worth $2 billion. Year over year, the uptick for exported stainless steel equaled 80% from 2016 to 2017.

Among continents, European countries generated the highest dollar worth of exported stainless steel during 2017 with shipments valued at $1.4 billion for a two-thirds share (66.7%) of global exports. In second place were Asian exporters via a 26% share followed by North America at 6.9%.

Smaller percentages (0.1% each) originated from Latin America excluding Mexico but including the Caribbean, Oceania and Africa.

The 4-digit Harmonized Tariff System code prefix is 7213 for stainless steel in primary forms including ingots.

Stainless Steel Exporters by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of stainless steel during 2017:

  1. United Kingdom: US$520.7 million (24.2% of exported stainless steel)
  2. Indonesia: $425.4 million (19.7%)
  3. Belgium: $241.3 million (11.2%)
  4. Sweden: $189.9 million (8.8%)
  5. Italy: $122.2 million (5.7%)
  6. United States: $103.7 million (4.8%)
  7. Austria: $65.6 million (3%)
  8. Spain: $60.7 million (2.8%)
  9. Germany: $58.7 million (2.7%)
  10. France: $55.7 million (2.6%)
  11. Canada: $45.6 million (2.1%)
  12. Taiwan: $45.3 million (2.1%)
  13. South Korea: $37.4 million (1.7%)
  14. Netherlands: $31.8 million (1.5%)
  15. Finland: $28.4 million (1.3%)

The listed 15 countries shipped 94.3% of global stainless steel exports in 2017 by value.

Among the above countries, the fastest-growing stainless steel exporters since 2013 were: Indonesia (up 19,432%), South Korea (up 394.2%), Belgium (up 203.7%) and Canada (up 184.3%).

Those countries that posted declines in their exported stainless steel sales were led by: Finland (down -69.9%), Spain (down -51.7%), Italy (down -47.7%), Taiwan (down -44.8%) and France (down -32.7%).

Advantages

The following countries posted the highest positive net exports for stainless steel during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. 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.

  1. United Kingdom: US$486.2 million (net export surplus up 7.6% since 2013)
  2. Indonesia: $380.1 million (reversing a -$32 million deficit)
  3. Italy: $51.3 million (down -59.8%)
  4. Austria: $22.3 million (reversing a -$35.9 million deficit)
  5. Canada: $21 million (reversing a -$1.8 million deficit)
  6. South Korea: $13.9 million (reversing a -$55 million deficit)
  7. Spain: $7.8 million (down -86.2%)
  8. Netherlands: $6.7 million (reversing a -$13.9 million deficit)
  9. Slovenia: $5.4 million (up 46.3%)
  10. Norway: $5.1 million (down -47.2%)
  11. Finland: $3.3 million (down -96.4%)
  12. Bahrain: $3 million (up 6,120%)
  13. Denmark: $2.5 million (reversing a -$1.7 million deficit)
  14. Australia: $2.2 million (down -45%)
  15. Saudi Arabia: $2.1 million (reversing a -$1.7 million deficit)

United Kingdom has the highest surplus in the international trade of stainless steel. In turn, this positive cashflow confirms the UK’s strong competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for stainless steel during 2017. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported stainless steel purchases and its exports for that same commodity.

  1. China: -US$402.9 million (net export deficit up 342.2% since 2013)
  2. United States: -$198.9 million (up 8.5%)
  3. Sweden: -$134.6 million (reversing a $42.6 million surplus)
  4. France: -$78.6 million (down -13%)
  5. Portugal: -$42.5 million (up 68.1%)
  6. Malaysia: -$41.5 million (up 751%)
  7. Czech Republic: -$18.7 million (up 31.7%)
  8. Germany: -$18.1 million (down -69.9%)
  9. Singapore: -$17.6 million (up 69.6%)
  10. Belgium: -$14.1 million (reversing a -$43.7 million surplus)
  11. Mexico: -$12.2 million (down -42.9%)
  12. Ukraine: -$9.4 million (down -47.8%)
  13. Japan: -$8.3 million (down -64.8%)
  14. Ireland: -$8.2 million (down -1.9%)
  15. Poland: -$7.7 million (down -30%)

China incurred the highest deficit in the international trade of stainless steel. In turn, this negative cashflow highlights China’s strong competitive disadvantage for this specific product category but also signals opportunities for stainless steel-supplying countries that help satisfy the powerful demand.

Companies

Stainless Steel Exporting Companies

Below are global stainless steel-processing conglomerates that represent established players engaged in the international trade of stainless steel. Each home country is shown within parenthesis.

  • Acerinox, SA (Spain)
  • British Steel Limited (United Kingdom)
  • China Steel (Taiwan)
  • Gruppo Riva (Italy)
  • Nucor Corporation (United States)
  • SSAB AB (Sweden)
  • Tata Steel Limited (India)
  • ThyssenKrupp AG (Germany)
  • Vallourec (France)
  • Voestalpine (Austria)

Searchable List of Stainless Steel Exporting Countries

You can change the presentation order by clicking the triangle icon at the top of the columns.

RankExporter2017 Stainless Steel Exports% World Total
1.United KingdomUS$520.7 million24.2%
2.Indonesia$425.4 million19.7%
3.Belgium$241.3 million11.2%
4.Sweden$189.9 million8.8%
5.Italy$122.2 million5.7%
6.United States$103.7 million4.8%
7.Austria$65.6 million3%
8.Spain$60.7 million2.8%
9.Germany$58.7 million2.7%
10.France$55.7 million2.6%
11.Canada$45.6 million2.1%
12.Taiwan$45.3 million2.1%
13.South Korea$37.4 million1.7%
14.Netherlands$31.8 million1.5%
15.Finland$28.4 million1.3%
16.India$18.7 million0.9%
17.Slovakia$14.1 million0.7%
18.Denmark$8.4 million0.4%
19.Czech Republic$7.9 million0.4%
20.Vietnam$7.4 million0.3%
21.Norway$7.2 million0.3%
22.Slovenia$6.5 million0.3%
23.Saudi Arabia$6 million0.3%
24.Poland$5.5 million0.3%
25.Malaysia$5.4 million0.2%
26.Singapore$5.2 million0.2%
27.Switzerland$3.6 million0.2%
28.Bahrain$3 million0.1%
29.Brazil$3 million0.1%
30.Hungary$2.9 million0.1%
31.United Arab Emirates$2.9 million0.1%
32.Australia$2.6 million0.1%
33.Japan$2.1 million0.1%
34.Portugal$1.5 million0.1%
35.Russia$1.5 million0.1%
36.South Africa$1.1 million0.1%
37.Croatia$700,0000.03%
38.Azerbaijan$580,0000.03%
39.Thailand$511,0000.02%
40.Belarus$506,0000.02%
41.Ukraine$402,0000.02%
42.Zambia$312,0000.01%
43.Hong Kong$278,0000.01%
44.Ireland$261,0000.01%
45.Kazakhstan$233,0000.01%
46.Turkey$207,0000.01%
47.China$179,0000.01%
48.Latvia$166,0000.01%
49.Romania$149,0000.01%
50.Mexico$133,0000.01%
51.Estonia$119,0000.01%
52.Lithuania$114,0000.01%
53.New Zealand$93,0000.004%
54.Oman$85,0000.004%
55.Jordan$71,0000.003%
56.Israel$68,0000.003%
57.Argentina$66,0000.003%
58.Qatar$41,0000.002%
59.Uzbekistan$36,0000.002%
60.South Sudan$32,0000.001%
61.Lebanon$26,0000.001%
62.Libya$24,0000.001%
63.Kuwait$23,0000.001%
64.Guatemala$23,0000.001%
65.Tanzania$21,0000.001%
66.Philippines$20,0000.001%
67.Luxembourg$17,0000.001%
68.Costa Rica$16,0000.001%
69.Bahamas$14,0000.001%
70.Sri Lanka$13,0000.001%
71.Algeria$12,0000.001%
72.Kyrgyzstan$12,0000.001%
73.Greece$10,0000.0005%
74.Namibia$9,0000.0004%
75.Gibraltar$6,0000.0003%
76.Andorra$4,0000.0002%
77.Colombia$3,0000.0001%
78.Peru$3,0000.0001%
79.Botswana$2,0000.0001%
80.El Salvador$2,0000.0001%
81.Morocco$2,0000.0001%
82.Dominican Republic$1,0000.00005%
83.Ecuador$1,0000.00005%
84.Bulgaria$1,0000.00005%
85.Panama$1,0000.00005%
86.Egypt$1,0000.00005%










See also Iron Ore Exports by Country, Top Aluminum Exporters by Country, Top Copper Ore Exports by Country and Top Nickel Exporters by Country

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 5, 2018

Trade Map, International Trade Centre. Accessed on June 5, 2018

Investopedia, Net Exports Definition. Accessed on June 5, 2018

Wikipedia, List of steel producers. Accessed on June 5, 2018