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731589 (Harmonized System 1992 for 6-digit)

2023
World Trade $451MRnk 2957 / 4644
2023
Top Exporter | Top Importer $170M | $32.7MChina | United States
2023
Product Complexity 0.3Rnk 2027 / 4656
2022 - 2023
Export Growth (CAGR) -8.38%Rnk 2525 / 4644
2023
Share of World Trade 0.002%Rnk 2957 / 4644

About

Overview This page contains the latest trade data of Chain, iron or steel, nes. In 2023, Chain, iron or steel, nes were the world's 2957th most traded product, with a total trade of $451M. Between 2022 and 2023 the exports of Chain, iron or steel, nes decreased by -8.38%, from $493M to $451M. Trade in Chain, iron or steel, nes represent 0.002% of total world trade.

Chain, iron or steel, nes are a part of Iron Chains.

Exports In 2023 the top exporters of Chain, iron or steel, nes  were China ($170M), Italy ($39.1M), United States ($29.3M), Germany ($27.8M), and Austria ($15M).

Imports In 2023 the top importers of Chain, iron or steel, nes were United States ($32.7M), Germany ($25.3M), United Kingdom ($23.8M), France ($21.2M), and Canada ($19.8M).

Ranking Chain, iron or steel, nes ranks 2027th in the Product Complexity Index (PCI).

Description Chain is strong and flexible, and can be used for a variety of purposes. Most commonly, it is used for lifting, pulling, and in construction. Iron or steel is strong and flexible as well, and is most commonly used for structural purposes or for manufacturing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Chain, iron or steel, 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$170M
Top Destination (2023)United States$32.7M

In 2023 Chain, iron or steel, nes were the world's 2957th most traded product (out of 4,644).

In 2023, the top exporters of Chain, iron or steel, nes were China ($170M), Italy ($39.1M), United States ($29.3M), Germany ($27.8M), and Austria ($15M).

In 2023, the top importers of Chain, iron or steel, nes were United States ($32.7M), Germany ($25.3M), United Kingdom ($23.8M), France ($21.2M), and Canada ($19.8M).

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

Color
Top Origin Growth (2022 -  2023)Italy$6.49M
Top Destination Growth (2022 -  2023)Indonesia$8.78M

Between 2022 and 2023, the exports of Chain, iron or steel, nes grew the fastest in Italy ($6.49M), United States ($4.51M), Greece ($4.36M), Austria ($4.04M), and Netherlands ($3.97M).

Between 2022 and 2023, the fastest growing importers of Chain, iron or steel, nes were Indonesia ($8.78M), Greece ($5.43M), Kazakhstan ($2.57M), Philippines ($1.59M), and Thailand ($1.5M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Chain, iron or steel, nes are explained by 15 countries.

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Value of Exports in Chain, iron or steel, nes

Net Trade

TOP NET EXPORTER (2023)China$163M
TOP NET IMPORTER (2023)United Kingdom$19.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Chain, iron or steel, nes were China ($163M), Italy ($25.1M), Austria ($8.11M), Turkey ($7.67M), and South Africa ($4.62M).

In 2023, the countries that had a largest trade value in imports than in exports of Chain, iron or steel, nes were United Kingdom ($19.5M), Canada ($17.6M), Indonesia ($10.6M), Australia ($9.13M), and France ($8.91M).

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 Chain, iron or steel, nes.
It is possible to select the main countries that export or import Chain, iron or steel, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Chain, iron or steel, 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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