Rectangular stainless ingot exports from the United Kingdom: data, top buyers and prices
The United Kingdom exported $621.8 million of rectangular stainless ingot in 2024 (226.2 thousand tonnes). That makes it the 2nd largest exporter of this product worldwide, out of 65 countries. That is 15% more than in 2023. Across 2017-2024 the long-run trend was broadly stable.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $621.8M | 226.2K t |
| 2023 | $539.1M | 176.9K t |
| 2022 | $476.5M | 127.9K t |
| 2021 | $412.9M | 138.1K t |
| 2020 | $205.0M | 91.5K t |
| 2019 | $305.8M | 131.2K t |
| 2018 | $454.9M | 183.2K t |
| 2017 | $389.8M | 174.9K t |
Where the United Kingdom exports rectangular stainless ingot to
One buyer market dominates: Belgium accounted for 63% of the value. Among the main buyer markets, Belgium grew fastest (+65% on the year before).
| Destination | Value | Share |
|---|---|---|
| Belgium | $394.5M | 63% |
| Sweden | $174.0M | 28% |
| United States | $33.2M | 5.3% |
| Spain | $7.3M | 1.2% |
| Germany | $2.8M | 0.5% |
| South Korea | $2.7M | 0.4% |
| France | $2.2M | 0.4% |
| Austria | $2.0M | 0.3% |
| Italy | $1.5M | 0.2% |
| India | $1.4M | 0.2% |
Average export price per kg
The average declared value was about $2.75 per kg, close to the world average of $2.31.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Rectangular stainless ingot imports to the United Kingdom
In 2024, the United Kingdom imported rectangular stainless ingot worth $6.6 million (887 tonnes). Sweden alone supplied 72% of it. Among the main suppliers, China grew fastest (+55% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Sweden | $4.7M | 72% |
| China | $542K | 8.2% |
| Germany | $348K | 5.3% |
| United States | $239K | 3.6% |
| Malaysia | $200K | 3% |
| Italy | $119K | 1.8% |
| Singapore | $116K | 1.8% |
| Mexico | $96K | 1.5% |
| Hong Kong | $45K | 0.7% |
| South Africa | $38K | 0.6% |
Who is behind these numbers in the United Kingdom?
The shipment records behind United Kingdom rectangular stainless ingot exports (HS 7218.91): companies, dates, quantities and declared values.
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Direct customs feed: shipment-level records from the official customs source.
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 7218.91: Steel, stainless: semi-finished products, of rectangular (other than square) cross-section.
Common questions
What is the value of rectangular stainless ingot exported by the United Kingdom?
The United Kingdom exported rectangular stainless ingot worth $621.8 million in 2024, the latest year with complete public data, about 226.2 thousand tonnes. That ranks it 2nd of 65 countries worldwide, with 25% of world exports. The value was up 15% on 2023.
Which countries buy rectangular stainless ingot from the United Kingdom?
Belgium was the largest buyer with 63% of the value ($394.5 million), followed by Sweden (28%) and the United States (5%). The top three together account for 97%, out of 30 buyer countries in total. Belgium grew fastest among the top ten, up 65% on the year.
What is the average export price of rectangular stainless ingot per kg?
The average declared export value was about $2.75 per kg in 2024, 19% above the world average of $2.31 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of rectangular stainless ingot from the United Kingdom changed since 2017?
Exports went from $389.8 million in 2017 to $621.8 million in 2024, an increase of 60%. 2024 was the highest year in the period. Over 8 years the average was $425.7 million a year.
Does the United Kingdom also import rectangular stainless ingot?
Yes. The United Kingdom imported $6.6 million worth of this product in 2024, mainly from Sweden, China and Germany. On balance the United Kingdom is a net exporter of this product, by about $615.2 million a year.
What is the HS code for rectangular stainless ingot?
The HS code for rectangular stainless ingot is subheading 7218.91. It sits in HS chapter 72 (iron and steel). The full list of codes and descriptions is on the HS 7218 page.
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for the United Kingdom. Tell us your product to see it live.
Same product, other countries
World rectangular stainless ingot trade: top importers and exporters
More trade data for the United Kingdom
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