🇬🇧 United Kingdom exports of stainless steel ingots: 2024 trade data
Exports of stainless steel ingots by the United Kingdom reached $846.2 million in 2024 (292.6 thousand tonnes). That makes it the 2nd largest exporter of this product worldwide, out of 101 countries. That is 13% more than in 2023. Across 2017-2024 the long-run trend was broadly stable.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of stainless steel ingots by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $846.2M | 292.6K t |
| 2023 | $750.3M | 228.4K t |
| 2022 | $839.6M | 209.3K t |
| 2021 | $657.6M | 218.0K t |
| 2020 | $331.8M | 143.2K t |
| 2019 | $462.3M | 191.0K t |
| 2018 | $655.9M | 258.2K t |
| 2017 | $561.1M | 250.9K t |
Where the United Kingdom exports stainless steel ingots to
Most of it went to Belgium (47%), Sweden (30%), United States (8%). Among the main buyer markets, Belgium grew fastest (+65% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇧🇪 Belgium | $395.0M | 47% |
| 🇸🇪 Sweden | $254.7M | 30% |
| 🇺🇸 United States | $70.6M | 8.3% |
| 🇪🇸 Spain | $52.0M | 6.2% |
| 🇵🇹 Portugal | $23.2M | 2.8% |
| 🇮🇹 Italy | $17.9M | 2.1% |
| 🇩🇪 Germany | $4.5M | 0.5% |
| 🇫🇷 France | $4.2M | 0.5% |
| 🇨🇳 China | $4.2M | 0.5% |
| 🇮🇳 India | $3.0M | 0.4% |
Types of stainless steel ingots under HS 7218
| 7218.91 | Steel, stainless: semi-finished products, of rectangular (other than square) cross-section | 74% |
| 7218.99 | Steel, stainless: semi-finished products, other than of rectangular cross-section | 24% |
| 7218.10 | Steel, stainless: ingots and other primary forms | 2.6% |
Codes and full descriptions: HS heading 7218.
Average export price of stainless steel ingots
The average declared value was about $2.89 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.
The United Kingdom also imports stainless steel ingots
Imports of stainless steel ingots by the United Kingdom reached $51.3 million in 2024 (5.6 thousand tonnes). Its share of world imports was 1%. The largest suppliers were Sweden (33%), Italy (28%), Spain (11%). Among the main suppliers, Italy grew fastest (+195% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇸🇪 Sweden | $17.0M | 33% |
| 🇮🇹 Italy | $14.2M | 28% |
| 🇪🇸 Spain | $5.7M | 11% |
| 🇺🇸 United States | $4.8M | 9.3% |
| 🇩🇪 Germany | $2.3M | 4.5% |
| 🇨🇳 China | $2.2M | 4.3% |
| Taiwan | $1.7M | 3.4% |
| 🇲🇾 Malaysia | $777K | 1.5% |
| 🇳🇱 Netherlands | $533K | 1% |
| 🇹🇷 Turkey | $509K | 1% |
Who is behind these numbers in the United Kingdom?
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.
Direct customs feed: shipment-level records from the official customs source.
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 the United Kingdom: questions
What is the value of stainless steel ingots imported by the United Kingdom?
The United Kingdom imported stainless steel ingots worth $51.3 million in 2024 (5.6 thousand tonnes).
Where does the United Kingdom import stainless steel ingots from?
The main supplier countries in 2024 were Sweden (33%), Italy (28%), Spain (11%).
What is the average import price of stainless steel ingots in the United Kingdom?
The average declared import value was about $9.10 per kg in 2024, against a world average of $2.44 per kg.
Does the United Kingdom export stainless steel ingots?
Yes. The United Kingdom exported stainless steel ingots worth $846.2 million in 2024, mainly to Belgium, Sweden, United States.
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 the United Kingdom?
These public statistics stop at country level. EximDataX has a direct customs feed for the United Kingdom with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Stainless steel ingots trade in other countries
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