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732620 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.62BRnk 965 / 4644
2023
Top Exporter | Top Importer $1.36B | $531MChina | United States
2023
Product Complexity -0.054Rnk 2629 / 4656
2022 - 2023
Export Growth (CAGR) -9.37%Rnk 2623 / 4644
2023
Share of World Trade 0.016%Rnk 965 / 4644

About

Overview This page contains the latest trade data of Articles of iron or steel wire, nes. In 2023, Articles of iron or steel wire, nes were the world's 965th most traded product, with a total trade of $3.62B. Between 2022 and 2023 the exports of Articles of iron or steel wire, nes decreased by -9.37%, from $4B to $3.62B. Trade in Articles of iron or steel wire, nes represent 0.016% of total world trade.

Articles of iron or steel wire, nes are a part of Other Iron Products.

Exports In 2023 the top exporters of Articles of iron or steel wire, nes  were China ($1.36B), Germany ($258M), Czechia ($218M), Italy ($146M), and United States ($138M).

Imports In 2023 the top importers of Articles of iron or steel wire, nes were United States ($531M), Germany ($227M), France ($198M), Japan ($161M), and Vietnam ($132M).

Ranking Articles of iron or steel wire, nes ranks 2629th in the Product Complexity Index (PCI).

Description The most common use of iron or steel wire is in the construction of fences. They are also used in the construction of wire hinges, wire nails, and wire mesh.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Articles of iron or steel wire, nes. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.36B
Top Destination (2023)United States$531M

In 2023 Articles of iron or steel wire, nes were the world's 965th most traded product (out of 4,644).

In 2023, the top exporters of Articles of iron or steel wire, nes were China ($1.36B), Germany ($258M), Czechia ($218M), Italy ($146M), and United States ($138M).

In 2023, the top importers of Articles of iron or steel wire, nes were United States ($531M), Germany ($227M), France ($198M), Japan ($161M), and Vietnam ($132M).

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Exporters of Articles of iron or steel wire, nes (2023)
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Importers of Articles of iron or steel wire, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$9.51M
Top Destination Growth (2022 -  2023)Malaysia$65.5M

Between 2022 and 2023, the exports of Articles of iron or steel wire, nes grew the fastest in Singapore ($9.51M), Malaysia ($8.13M), Australia ($7.22M), Morocco ($6.97M), and Brazil ($4.33M).

Between 2022 and 2023, the fastest growing importers of Articles of iron or steel wire, nes were Malaysia ($65.5M), Philippines ($37.3M), South Korea ($30.3M), Chinese Taipei ($25M), and Italy ($9.08M).

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Exporters of Articles of iron or steel wire, nes (2022 - 2023)

Importers of Articles of iron or steel wire, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Articles of iron or steel wire, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Articles of iron or steel wire, nes are explained by 17 countries.

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Value of Exports in Articles of iron or steel wire, nes

Net Trade

TOP NET EXPORTER (2023)China$1.33B
TOP NET IMPORTER (2023)United States$393M

This map shows which countries export or import more of Articles of iron or steel wire, nes. Each country is colored based on the difference in exports and imports of Articles of iron or steel wire, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Articles of iron or steel wire, nes were China ($1.33B), Czechia ($174M), Italy ($71.2M), India ($57.1M), and Croatia ($43.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Articles of iron or steel wire, nes were United States ($393M), Japan ($142M), France ($115M), Vietnam ($105M), and United Kingdom ($92.8M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Articles of iron or steel wire, nes.
It is possible to select the main countries that export or import Articles of iron or steel wire, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Articles of iron or steel wire, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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