🇸🇦 Saudi Arabia imports of stainless steel ingots: 2024 trade data
Saudi Arabia imported $6.3 million of stainless steel ingots in 2024 (2.3 thousand tonnes). That is 69% more than in 2023. Over 2017-2024 the trade grew strongly, by about 53% a year on average. The peak in this period was 2021, at $10.7 million.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of stainless steel ingots by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $6.3M | 2.3K t |
| 2023 | $3.7M | 778 t |
| 2022 | $7.1M | 2.7K t |
| 2021 | $10.7M | 4.0K t |
| 2020 | $2.3M | 879 t |
| 2019 | $1.4M | 407 t |
| 2018 | $3.1M | 422 t |
| 2017 | $322K | 36 t |
Where Saudi Arabia imports stainless steel ingots from
The largest suppliers were China (37%), India (30%), South Korea (10%). Among the main suppliers, India grew fastest (+272% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇨🇳 China | $2.3M | 37% |
| 🇮🇳 India | $1.9M | 30% |
| 🇰🇷 South Korea | $645K | 10% |
| Taiwan | $491K | 7.9% |
| 🇬🇧 United Kingdom | $206K | 3.3% |
| 🇪🇸 Spain | $191K | 3.1% |
| 🇺🇸 United States | $144K | 2.3% |
| 🇮🇹 Italy | $119K | 1.9% |
| 🇩🇪 Germany | $114K | 1.8% |
| 🇩🇰 Denmark | $29K | 0.5% |
Types of stainless steel ingots under HS 7218
| 7218.99 | Steel, stainless: semi-finished products, other than of rectangular cross-section | 80% |
| 7218.10 | Steel, stainless: ingots and other primary forms | 18% |
| 7218.91 | Steel, stainless: semi-finished products, of rectangular (other than square) cross-section | 1.6% |
Codes and full descriptions: HS heading 7218.
Average import price of stainless steel ingots
The average declared value was about $2.73 per kg, close to the world average of $2.44.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Saudi Arabia also exports stainless steel ingots
Exports of stainless steel ingots by Saudi Arabia reached $260 thousand in 2024 (134 tonnes). One buyer market dominates: United Arab Emirates accounted for 76% of the value.
| Destination | Value | Share |
|---|---|---|
| 🇦🇪 United Arab Emirates | $199K | 76% |
| 🇮🇳 India | $55K | 21% |
| 🇨🇳 China | $4K | 1.4% |
| 🇸🇬 Singapore | $2K | 0.8% |
| 🇧🇭 Bahrain | $1K | 0.3% |
| 🇮🇩 Indonesia | $0K | 0.1% |
Who is behind these numbers in Saudi Arabia?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7218: Stainless steel in ingots or other primary forms; semi-finished products of stainless steel.
Stainless steel ingots trade in Saudi Arabia: questions
What is the value of stainless steel ingots imported by Saudi Arabia?
Saudi Arabia imported stainless steel ingots worth $6.3 million in 2024 (2.3 thousand tonnes).
Where does Saudi Arabia import stainless steel ingots from?
The main supplier countries in 2024 were China (37%), India (30%), South Korea (10%).
What is the average import price of stainless steel ingots in Saudi Arabia?
The average declared import value was about $2.73 per kg in 2024, against a world average of $2.44 per kg.
Does Saudi Arabia export stainless steel ingots?
Yes. Saudi Arabia exported stainless steel ingots worth $260 thousand in 2024, mainly to United Arab Emirates, India, China.
What is the HS code for stainless steel ingots?
Stainless steel ingots falls under HS heading 7218 (Stainless steel in ingots or other primary forms; semi-finished products of stainless steel). The six-digit codes under it split the product by type.
How can I find the companies trading stainless steel ingots with Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Stainless steel ingots trade in other countries
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