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830140 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.11BRnk 718 / 4644
2023
Top Exporter | Top Importer $1.88B | $1.26BChina | United States
2023
Product Complexity 0.18Rnk 2238 / 4656
2022 - 2023
Export Growth (CAGR) -4.12%Rnk 1994 / 4644
2023
Share of World Trade 0.023%Rnk 718 / 4644

About

Overview This page contains the latest trade data of Locks of base metal, nes. In 2023, Locks of base metal, nes were the world's 718th most traded product, with a total trade of $5.11B. Between 2022 and 2023 the exports of Locks of base metal, nes decreased by -4.12%, from $5.33B to $5.11B. Trade in Locks of base metal, nes represent 0.023% of total world trade.

Locks of base metal, nes are a part of Padlocks.

Exports In 2023 the top exporters of Locks of base metal, nes  were China ($1.88B), Mexico ($605M), Germany ($429M), Chinese Taipei ($274M), and United States ($226M).

Imports In 2023 the top importers of Locks of base metal, nes were United States ($1.26B), Germany ($282M), United Kingdom ($198M), France ($191M), and Canada ($172M).

Ranking Locks of base metal, nes ranks 2238th in the Product Complexity Index (PCI).

Description Many locks are made of base metal because they are easy to manufacture, inexpensive, and durable. This material is used in a variety of locks, from padlocks to locks on doors. Base metal locks are used to secure items to trees, cabinets, or other items in which a normal lock would not suffice.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Locks of base metal, 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$1.88B
Top Destination (2023)United States$1.26B

In 2023 Locks of base metal, nes were the world's 718th most traded product (out of 4,644).

In 2023, the top exporters of Locks of base metal, nes were China ($1.88B), Mexico ($605M), Germany ($429M), Chinese Taipei ($274M), and United States ($226M).

In 2023, the top importers of Locks of base metal, nes were United States ($1.26B), Germany ($282M), United Kingdom ($198M), France ($191M), and Canada ($172M).

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Exporters of Locks of base metal, nes (2023)
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Importers of Locks of base metal, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$105M
Top Destination Growth (2022 -  2023)Netherlands$19.4M

Between 2022 and 2023, the exports of Locks of base metal, nes grew the fastest in Mexico ($105M), United States ($16.3M), Dominican Republic ($15.7M), Belgium ($8.83M), and Germany ($7.75M).

Between 2022 and 2023, the fastest growing importers of Locks of base metal, nes were Netherlands ($19.4M), Tajikistan ($11.2M), Spain ($10.2M), Russia ($8.54M), and Italy ($6.8M).

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Exporters of Locks of base metal, nes (2022 - 2023)

Importers of Locks of base metal, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Locks of base metal, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Locks of base metal, nes are explained by 14 countries.

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Value of Exports in Locks of base metal, nes

Net Trade

TOP NET EXPORTER (2023)China$1.82B
TOP NET IMPORTER (2023)United States$1.04B

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

In 2023, the countries that had a largest trade value in exports than in imports of Locks of base metal, nes were China ($1.82B), Mexico ($459M), Chinese Taipei ($250M), Germany ($147M), and Dominican Republic ($55.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Locks of base metal, nes were United States ($1.04B), France ($138M), United Kingdom ($136M), Netherlands ($100M), and Canada ($92.9M).

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

Top 10 Exporters Countries of Locks of base metal, 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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