2018
Exports
$1.04BWorld Rnk 9 / 224
Flag Rnk 82 / 1212
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2018
Imports
$1.04BWorld Rnk 13 / 225
Flag Rnk 97 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2018, India exported $1.04B in Iron Fasteners, making it the 9th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 82nd most exported product in India. The main destination of Iron Fasteners exports from India are: United States ($297M), Germany ($123M), Netherlands ($93.7M), United Kingdom ($66.3M), and United Arab Emirates ($39.6M).

The fastest growing export markets for Iron Fasteners of India between 2021 and 2022 were United States ($103M), Germany ($27.5M), and Netherlands ($14.4M).

Imports In 2022, India imported $1.04B in Iron Fasteners, becoming the 13th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 97th most imported product in India. India imports Iron Fasteners primarily from: China ($366M), South Korea ($104M), Japan ($103M), Germany ($92.2M), and Thailand ($60.1M).

The fastest growing import markets in Iron Fasteners for India between 2021 and 2022 were China ($113M), South Korea ($11.8M), and United States ($9.62M).

COMPANIES In 2023, leading companies such as Tredit Tire & Wheel (212), Stelfast (97), and Danfoss (46) were at the forefront of shipping Iron Fasteners from India to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Fasteners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.04B
IMPORTS (2022)$1.04B
NET TRADE (2022)$1.67M

In 2022, India exported $1.04B in Iron Fasteners. The main destinations of India exports on Iron Fasteners were United States ($297M), Germany ($123M), Netherlands ($93.7M), United Kingdom ($66.3M), and United Arab Emirates ($39.6M).

In 2022, India imported $1.04B in Iron Fasteners, mainly from China ($366M), South Korea ($104M), Japan ($103M), Germany ($92.2M), and Thailand ($60.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$103M (52.8%)
Germany$27.5M (28.7%)
Netherlands$14.4M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY India WERE (2021 - 2022):
Italy-$7.99M (-18.7%)
Sri Lanka-$4.29M (-55.8%)
Qatar-$4M (-26.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron Fasteners were:
In 2022, India's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $108M
TOP IMPORT POTENTIALChina+ $244M

Iron Fasteners’s highest export potential is United States. With an export gap of $108M.   Iron Fasteners’s highest import potential is China with an import gap of $244M.

See methodology.

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