HS Icon Iron Fasteners in  Flag China

2019
Exports | Imports
: $6.78B | $2.16B, World Rnk 1 / 221
Flag Rnk 75 / 1216 | World Rnk 4 / 225
Flag Rnk 113 / 1212

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $90.9M | $6.11M, Vietnam |  Vietnam

2019
ECONOMIC COMPLEXITY of China
: 1, Rnk 30 / 147

2019
PRODUCT COMPLEXITY  IN Iron Fasteners
: 1.82, Rnk 18 / 1029

Exports In 2019, China exported $6.78B in Iron Fasteners, making it the 1st largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 75th most exported product in China. The main destination of Iron Fasteners exports from China are: United States ($1.09B), Russia ($348M), Germany ($313M), Japan ($312M), and Vietnam ($267M).

The fastest growing export markets for Iron Fasteners of China between 2018 and 2019 were Vietnam ($90.9M), Myanmar ($28.3M), and India ($22.7M).

Imports In 2019, China imported $2.16B in Iron Fasteners, becoming the 4th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 113th most imported product in China. China imports Iron Fasteners primarily from: Germany ($711M), Japan ($656M), United States ($194M), South Korea ($132M), and Chinese Taipei ($122M).

The fastest growing import markets in Iron Fasteners for China between 2018 and 2019 were Vietnam ($6.11M), India ($3.92M), and Mexico ($3.04M).

Tariffs In 2018, the average tariff for China in Iron Fasteners was 7.28%. The countries with the highest import tariffs for Iron Fasteners were Bangladesh (Most Favoured Nation duty rate treatement, 10%), South Korea (Most Favoured Nation duty rate treatement, 9.82%), India (Most Favoured Nation duty rate treatement, 9.53%), Sri Lanka (Most Favoured Nation duty rate treatement, 9.53%), and Hong Kong (Most Favoured Nation duty rate treatement, 9.42%).

July 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2020 - July 2021): $114M, (17.5%)

IMPORT GROWTH (July 2020 - July 2021): $32.5M, (13.2%)

MAIN EXPORTER (July 2021): Zhejiang Province, $318M

MAIN DESTINATION (July 2021): United States, $109M

This section shows Iron Fasteners's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Fasteners over time.

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Historical Data

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EXPORTS (2019): $6.78B

IMPORTS (2019): $2.16B

NET TRADE (2019): $4.63B

In 2019, China exported $6.78B in Iron Fasteners. The main destinations of China exports on Iron Fasteners were United States ($1.09B), Russia ($348M), Germany ($313M), Japan ($312M), and Vietnam ($267M).

In 2019, China imported $2.16B in Iron Fasteners, mainly from Germany ($711M), Japan ($656M), United States ($194M), South Korea ($132M), and Chinese Taipei ($122M).

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IN 2019, China HAD A POSITIVE NET TRADE IN Iron Fasteners WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Iron Fasteners WITH:

Flow

THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR China WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY China WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, China's main exporting competitors in Iron Fasteners were:

In 2019, China's main importing competitors in Iron Fasteners were:

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Tariffs by Country

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In 2018, the average tariff for China in Iron Fasteners was 7.28%.

The countries with the highest tariffs for Iron Fasteners in China were Bangladesh (Most Favoured Nation duty rate treatement, 10%), South Korea (Most Favoured Nation duty rate treatement, 9.82%), India (Most Favoured Nation duty rate treatement, 9.53%), Sri Lanka (Most Favoured Nation duty rate treatement, 9.53%), and Hong Kong (Most Favoured Nation duty rate treatement, 9.42%).