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731816 (Harmonized System 1992 for 6-digit)

2022
World Trade $8BRnk 499 / 4648
2022
Top Exporter | Top Importer $2.08B | $1.66BChina | United States
2022
Product Complexity 1.46Rnk 215 / 4653
2021 - 2022
Export Growth (CAGR) 12.9%Rnk 1332 / 4648
2022
Share of World Trade 0.034%Rnk 499 / 4648

About

Overview This page contains the latest trade data of Nuts, iron or steel. In 2022, Nuts, iron or steel were the world's 499th most traded product, with a total trade of $8B. Between 2021 and 2022 the exports of Nuts, iron or steel grew by 12.9%, from $7.09B to $8B. Trade in Nuts, iron or steel represent 0.034% of total world trade.

Nuts, iron or steel are a part of Iron Fasteners.

Exports In 2022 the top exporters of Nuts, iron or steel  were China ($2.08B), Chinese Taipei ($1.3B), Germany ($934M), United States ($890M), and Japan ($645M).

Imports In 2022 the top importers of Nuts, iron or steel were United States ($1.66B), Germany ($695M), Mexico ($510M), China ($412M), and Canada ($388M).

Ranking Nuts, iron or steel ranks 215th in the Product Complexity Index (PCI).

Description Nuts are used in the assembly of threaded fasteners, such as bolts and screws, to keep them fastened snugly in place. Iron and steel are used to make a variety of different products, such as bridges, cars, and buildings.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nuts, iron or steel. 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 (2022)China$2.08B
Top Destination (2022)United States$1.66B

In 2022 Nuts, iron or steel were the world's 499th most traded product (out of 4,648).

In 2022, the top exporters of Nuts, iron or steel were China ($2.08B), Chinese Taipei ($1.3B), Germany ($934M), United States ($890M), and Japan ($645M).

In 2022, the top importers of Nuts, iron or steel were United States ($1.66B), Germany ($695M), Mexico ($510M), China ($412M), and Canada ($388M).

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Exporters of Nuts, iron or steel (2022)
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Importers of Nuts, iron or steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$470M
Top Destination Growth (2021 -  2022)United States$276M

Between 2021 and 2022, the exports of Nuts, iron or steel grew the fastest in China ($470M), United States ($256M), Chinese Taipei ($167M), Poland ($25.9M), and Canada ($24.8M).

Between 2021 and 2022, the fastest growing importers of Nuts, iron or steel were United States ($276M), Canada ($200M), Germany ($76.7M), South Korea ($32.5M), and Japan ($31.5M).

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Exporters of Nuts, iron or steel (2021 - 2022)

Importers of Nuts, iron or steel (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Nuts, iron or steel are explained by 12 countries.

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Value of Exports in Nuts, iron or steel

Net Trade

TOP NET EXPORTER (2022)China$1.67B
TOP NET IMPORTER (2022)United States$772M

This map shows which countries export or import more of Nuts, iron or steel. Each country is colored based on the difference in exports and imports of Nuts, iron or steel during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Nuts, iron or steel were China ($1.67B), Chinese Taipei ($1.26B), Japan ($439M), Germany ($238M), and South Korea ($55.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Nuts, iron or steel were United States ($772M), Mexico ($460M), Canada ($224M), Poland ($174M), and Brazil ($121M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Nuts, iron or steel 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 (2022)

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