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Padlocks and locks (key, combination, electrically operated) of base metal; clasps and frames with clasps incorporating locks, of base metal, keys for any or the foregoing articles, of base metal

8301 (Harmonized System 1992 for 4-digit)

2023
World Trade $14.4BRnk 276 / 1217
2023
Top Exporter | Top Importer $4.54B | $2.96BChina | United States
2023
Product Complexity 0.94Rnk 193 / 1044
2022 - 2023
Export Growth (CAGR) -1.08%Rnk 445 / 1217
2023
Share of World Trade 0.064%Rnk 276 / 1217

About

Overview This page contains the latest trade data of Padlocks. In 2023, Padlocks were the world's 276th most traded product, with a total trade of $14.4B. Between 2022 and 2023 the exports of Padlocks decreased by -1.08%, from $14.6B to $14.4B. Trade in Padlocks represent 0.064% of total world trade.

Padlocks are a part of Miscellaneous metal products. They include Locks of base metal, nes, Locks of a kind used for motor vehicles of base metal, Lock parts, etc, of base metal,, Padlocks of base metal, Keys, including blanks for keys, of base metal, Locks of a kind used for furniture of base metal, and Clasps etc incorporating locks, of base metal.

Exports In 2023 the top exporters of Padlocks  were China ($4.54B), Mexico ($1.43B), Germany ($1.34B), United States ($716M), and Czechia ($664M).

Imports In 2023 the top importers of Padlocks were United States ($2.96B), Germany ($1.1B), Mexico ($834M), United Kingdom ($550M), and France ($538M).

Ranking Padlocks ranks 193rd in the Product Complexity Index (PCI).

Description Padlocks and locks are used to secure doors, gates, or other items. Clasps and frames with clasps are used to attach a padlock to an item. Keys for padlocks and locks are made of metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Padlocks. 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$4.54B
Top Destination (2023)United States$2.96B

In 2023 Padlocks were the world's 276th most traded product (out of 1,217).

In 2023, the top exporters of Padlocks were China ($4.54B), Mexico ($1.43B), Germany ($1.34B), United States ($716M), and Czechia ($664M).

In 2023, the top importers of Padlocks were United States ($2.96B), Germany ($1.1B), Mexico ($834M), United Kingdom ($550M), and France ($538M).

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Exporters of Padlocks (2023)
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Importers of Padlocks (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$163M
Top Destination Growth (2022 -  2023)Spain$60.7M

Between 2022 and 2023, the exports of Padlocks grew the fastest in Mexico ($163M), Canada ($69.5M), Czechia ($66.5M), Germany ($49.9M), and Poland ($44.2M).

Between 2022 and 2023, the fastest growing importers of Padlocks were Spain ($60.7M), France ($29.7M), Turkey ($25.2M), Germany ($24.6M), and Japan ($24.6M).

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Exporters of Padlocks (2022 - 2023)

Importers of Padlocks (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Padlocks.

In 2023, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Padlocks are explained by 16 countries.

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Value of Exports in Padlocks

Net Trade

TOP NET EXPORTER (2023)China$4.2B
TOP NET IMPORTER (2023)United States$2.24B

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

In 2023, the countries that had a largest trade value in exports than in imports of Padlocks were China ($4.2B), Mexico ($599M), Chinese Taipei ($463M), Czechia ($338M), and Italy ($260M).

In 2023, the countries that had a largest trade value in imports than in exports of Padlocks were United States ($2.24B), United Kingdom ($431M), France ($311M), Netherlands ($190M), and Russia ($176M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Padlocks, disaggragated by their HS6 level were Locks of base metal, nes ($5.11B), Locks of a kind used for... ($3.51B), Lock parts, etc, of base metal, ($3.37B), Padlocks of base metal ($1.31B), and Keys, including blanks for keys, of... ($532M)

HS6 Disaggregation for Padlocks (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Padlocks by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $16M
TOP IMPORT POTENTIALChina+ $15.8M

Padlocks’s highest export potential is China. With an export gap of $16M.  Padlocks’s highest import potential is China with an import gap of $15.8M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Padlocks.

Country by Relatedness

The following visualization shows the relatedness of Padlocks 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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