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Pricing

Barbed wire of iron or steel; twisted hoop or single flat wire, barbed or not and loosely twisted double wire, of a kind used for fencing, of iron or steel

7313 (Harmonized System 1992 for 4-digit)

2023
World Trade $279MRnk 1110 / 1217
2023
Top Exporter | Top Importer $121M | $17.7MChina | United States
2022 - 2023
Export Growth (CAGR) -17.5%Rnk 981 / 1217
2023
Share of World Trade 0.0012%Rnk 1110 / 1217

About

Overview This page contains the latest trade data of Barbed Wire. In 2023, Barbed Wire were the world's 1110th most traded product, with a total trade of $279M. Between 2022 and 2023 the exports of Barbed Wire decreased by -17.5%, from $338M to $279M. Trade in Barbed Wire represent 0.0012% of total world trade.

Barbed Wire are a part of Iron/Steel Articles. They include Wire for fencing, including barbed wire.

Exports In 2023 the top exporters of Barbed Wire  were China ($121M), Mexico ($20.4M), Turkey ($16M), Guatemala ($12.9M), and Spain ($9.36M).

Imports In 2023 the top importers of Barbed Wire were United States ($17.7M), Spain ($13.9M), Honduras ($12.7M), Nicaragua ($10.4M), and Iraq ($9.97M).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Barbed Wire. 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$121M
Top Destination (2023)United States$17.7M

In 2023 Barbed Wire were the world's 1110th most traded product (out of 1,217).

In 2023, the top exporters of Barbed Wire were China ($121M), Mexico ($20.4M), Turkey ($16M), Guatemala ($12.9M), and Spain ($9.36M).

In 2023, the top importers of Barbed Wire were United States ($17.7M), Spain ($13.9M), Honduras ($12.7M), Nicaragua ($10.4M), and Iraq ($9.97M).

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Exporters of Barbed Wire (2023)
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Importers of Barbed Wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$3.12M
Top Destination Growth (2022 -  2023)Nigeria$7.05M

Between 2022 and 2023, the exports of Barbed Wire grew the fastest in Austria ($3.12M), Mexico ($2.84M), Guatemala ($2.29M), Belgium ($1.02M), and Luxembourg ($825k).

Between 2022 and 2023, the fastest growing importers of Barbed Wire were Nigeria ($7.05M), Vietnam ($4.83M), Nicaragua ($3.83M), Honduras ($3.19M), and Philippines ($3.14M).

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Exporters of Barbed Wire (2022 - 2023)

Importers of Barbed Wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Barbed Wire.

In 2023, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Barbed Wire are explained by 13 countries.

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Value of Exports in Barbed Wire

Net Trade

TOP NET EXPORTER (2023)China$121M
TOP NET IMPORTER (2023)United States$14.5M

This map shows which countries export or import more of Barbed Wire. Each country is colored based on the difference in exports and imports of Barbed Wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Barbed Wire were China ($121M), Mexico ($19.3M), Turkey ($15.7M), Guatemala ($11.7M), and South Africa ($7.91M).

In 2023, the countries that had a largest trade value in imports than in exports of Barbed Wire were United States ($14.5M), Honduras ($12.7M), Nicaragua ($9.59M), Philippines ($8.49M), and Nigeria ($7.47M).

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 Barbed Wire.
It is possible to select the main countries that export or import Barbed Wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Barbed Wire by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $1.61M
TOP IMPORT POTENTIALUnited States+ $15.3k

Barbed Wire’s highest export potential is United States. With an export gap of $1.61M.  Barbed Wire’s highest import potential is United States with an import gap of $15.3k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Barbed Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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