Padlocks8301 (Harmonized System 1992 for 4-digit)
2020 World Trade: $12.3B, Rnk 258 / 1217
2020 Top Exporter | Top Importer: $3.87B | $2.54B, China | United States
2020 Product Complexity: 0.63, Rnk 310 / 1028
2019 - 2020 Export Growth (CAGR): -9.01%, Rnk 693 / 1217
2018 Mean Tariff: 9.89%, Rnk 427 / 1259
2020 Share of World Trade: 0.073%, Rnk 258 / 1217
Overview This page contains the latest trade data of Padlocks. In 2020, Padlocks were the world's 258th most traded product, with a total trade of $12.3B. Between 2019 and 2020 the exports of Padlocks decreased by -9.01%, from $13.5B to $12.3B. Trade in Padlocks represent 0.073% 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 2020 the top exporters of Padlocks were China ($3.87B), Germany ($1.29B), Mexico ($1.1B), United States ($627M), and Chinese Taipei ($553M).
Imports In 2020 the top importers of Padlocks were United States ($2.54B), Germany ($966M), Mexico ($617M), France ($453M), and United Kingdom ($434M).
Tariffs In 2018 the average tariff for Padlocks was 9.89%, making it the 427th lowest tariff using the HS4 product classification.
Ranking Padlocks ranks 310th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $3.87B
Top Destination (2020): United States, $2.54B
Padlocks are the world's 258th most traded product.
In 2020, the top exporters of Padlocks were China ($3.87B), Germany ($1.29B), Mexico ($1.1B), United States ($627M), and Chinese Taipei ($553M).
In 2020, the top importers of Padlocks were United States ($2.54B), Germany ($966M), Mexico ($617M), France ($453M), and United Kingdom ($434M).
Trade by country
Between 2019 and 2020, the exports of Padlocks grew the fastest in Vietnam ($44.2M), Sweden ($24.2M), Poland ($21.6M), Chinese Taipei ($3.08M), and Malaysia ($2.32M).
Between 2019 and 2020, the fastest growing importers of Padlocks were China ($21M), Ghana ($13.3M), Cote d'Ivoire ($12.6M), South Korea ($9.33M), and Albania ($6.33M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Padlocks.
In 2020, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Padlocks are explained by 16 countries.
TOP NET EXPORTER (2020): China, $3.48B
TOP NET IMPORTER (2020): United States, $1.92B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Padlocks were China ($3.48B), Chinese Taipei ($486M), Mexico ($485M), Germany ($323M), and Czechia ($277M).
In 2020, the countries that had a largest trade value in imports than in exports of Padlocks were United States ($1.92B), United Kingdom ($309M), France ($281M), Russia ($178M), and Netherlands ($150M).
In 2020, the world most traded Padlocks, disaggragated by their HS6 level were Locks of base metal, nes ($4.47B), Locks of a kind used for... ($2.84B), Lock parts, etc, of base metal, ($2.83B), Padlocks of base metal ($1.19B), and Locks of a kind used for... ($430M)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb