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731700 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.1BRnk 1092 / 4644
2023
Top Exporter | Top Importer $1.33B | $1.06BChina | United States
2023
Product Complexity -0.83Rnk 3633 / 4656
2022 - 2023
Export Growth (CAGR) -28.5%Rnk 4177 / 4644
2023
Share of World Trade 0.014%Rnk 1092 / 4644

About

Overview This page contains the latest trade data of Nails/staples/etc, iron/steel, not office stationary. In 2023, Nails/staples/etc, iron/steel, not office stationary were the world's 1092nd most traded product, with a total trade of $3.1B. Between 2022 and 2023 the exports of Nails/staples/etc, iron/steel, not office stationary decreased by -28.5%, from $4.34B to $3.1B. Trade in Nails/staples/etc, iron/steel, not office stationary represent 0.014% of total world trade.

Nails/staples/etc, iron/steel, not office stationary are a part of Iron Nails.

Exports In 2023 the top exporters of Nails/staples/etc, iron/steel, not office stationary  were China ($1.33B), Germany ($112M), Poland ($107M), India ($103M), and Switzerland ($97.7M).

Imports In 2023 the top importers of Nails/staples/etc, iron/steel, not office stationary were United States ($1.06B), Canada ($124M), United Kingdom ($105M), Germany ($99.3M), and Japan ($90.7M).

Ranking Nails/staples/etc, iron/steel, not office stationary ranks 3633rd in the Product Complexity Index (PCI).

Description Nails and staples are used to hold pieces of wood together, and to keep papers together in a folder. Iron and steel are used to make construction materials for buildings, and to make tools for people to work with.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nails/staples/etc, iron/steel, not office stationary. 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$1.33B
Top Destination (2023)United States$1.06B

In 2023 Nails/staples/etc, iron/steel, not office stationary were the world's 1092nd most traded product (out of 4,644).

In 2023, the top exporters of Nails/staples/etc, iron/steel, not office stationary were China ($1.33B), Germany ($112M), Poland ($107M), India ($103M), and Switzerland ($97.7M).

In 2023, the top importers of Nails/staples/etc, iron/steel, not office stationary were United States ($1.06B), Canada ($124M), United Kingdom ($105M), Germany ($99.3M), and Japan ($90.7M).

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Exporters of Nails/staples/etc, iron/steel, not office stationary (2023)
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Importers of Nails/staples/etc, iron/steel, not office stationary (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Finland$4.18M
Top Destination Growth (2022 -  2023)India$24.8M

Between 2022 and 2023, the exports of Nails/staples/etc, iron/steel, not office stationary grew the fastest in Finland ($4.18M), France ($3.26M), Hong Kong ($2.3M), Singapore ($1.98M), and Latvia ($1.75M).

Between 2022 and 2023, the fastest growing importers of Nails/staples/etc, iron/steel, not office stationary were India ($24.8M), Mozambique ($17M), South Korea ($9.65M), Russia ($9.07M), and Republic of the Congo ($8.69M).

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Exporters of Nails/staples/etc, iron/steel, not office stationary (2022 - 2023)

Importers of Nails/staples/etc, iron/steel, not office stationary (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nails/staples/etc, iron/steel, not office stationary.

In 2023, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Nails/staples/etc, iron/steel, not office stationary are explained by 15 countries.

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Value of Exports in Nails/staples/etc, iron/steel, not office stationary

Net Trade

TOP NET EXPORTER (2023)China$1.32B
TOP NET IMPORTER (2023)United States$999M

This map shows which countries export or import more of Nails/staples/etc, iron/steel, not office stationary. Each country is colored based on the difference in exports and imports of Nails/staples/etc, iron/steel, not office stationary during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nails/staples/etc, iron/steel, not office stationary were China ($1.32B), Chinese Taipei ($84.5M), Switzerland ($79.2M), Lithuania ($78.6M), and Thailand ($77.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Nails/staples/etc, iron/steel, not office stationary were United States ($999M), United Kingdom ($91.1M), Japan ($77.1M), Canada ($52M), and France ($43.3M).

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 Nails/staples/etc, iron/steel, not office stationary.
It is possible to select the main countries that export or import Nails/staples/etc, iron/steel, not office stationary in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nails/staples/etc, iron/steel, not office stationary 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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