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731930 (Harmonized System 1992 for 6-digit)

2022
World Trade $153MRnk 3886 / 4648
2022
Top Exporter | Top Importer $66.8M | $28.3MChina | United States
2022
Product Complexity 1.38Rnk 275 / 4653
2021 - 2022
Export Growth (CAGR) 8.76%Rnk 1747 / 4648
2022
Share of World Trade 0.00065%Rnk 3886 / 4648

About

Overview This page contains the latest trade data of Pins, iron or steel, except safety pins. In 2022, Pins, iron or steel, except safety pins were the world's 3886th most traded product, with a total trade of $153M. Between 2021 and 2022 the exports of Pins, iron or steel, except safety pins grew by 8.76%, from $141M to $153M. Trade in Pins, iron or steel, except safety pins represent 0.00065% of total world trade.

Pins, iron or steel, except safety pins are a part of Iron Sewing Needles.

Exports In 2022 the top exporters of Pins, iron or steel, except safety pins  were China ($66.8M), Japan ($14.3M), United States ($10.3M), South Korea ($9.23M), and Singapore ($8.9M).

Imports In 2022 the top importers of Pins, iron or steel, except safety pins were United States ($28.3M), Indonesia ($18.1M), Malaysia ($7.84M), Canada ($6.39M), and China ($5.95M).

Ranking Pins, iron or steel, except safety pins ranks 275th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pins, iron or steel, except safety pins. 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$66.8M
Top Destination (2022)United States$28.3M

In 2022 Pins, iron or steel, except safety pins were the world's 3886th most traded product (out of 4,648).

In 2022, the top exporters of Pins, iron or steel, except safety pins were China ($66.8M), Japan ($14.3M), United States ($10.3M), South Korea ($9.23M), and Singapore ($8.9M).

In 2022, the top importers of Pins, iron or steel, except safety pins were United States ($28.3M), Indonesia ($18.1M), Malaysia ($7.84M), Canada ($6.39M), and China ($5.95M).

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Exporters of Pins, iron or steel, except safety pins (2022)
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Importers of Pins, iron or steel, except safety pins (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$17.8M
Top Destination Growth (2021 -  2022)United States$9.73M

Between 2021 and 2022, the exports of Pins, iron or steel, except safety pins grew the fastest in China ($17.8M), Finland ($1.22M), South Korea ($1.15M), Chinese Taipei ($890k), and United Arab Emirates ($612k).

Between 2021 and 2022, the fastest growing importers of Pins, iron or steel, except safety pins were United States ($9.73M), Indonesia ($1.64M), Bangladesh ($1.12M), Egypt ($918k), and Poland ($904k).

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Exporters of Pins, iron or steel, except safety pins (2021 - 2022)

Importers of Pins, iron or steel, except safety pins (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pins, iron or steel, except safety pins.

In 2022, market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Pins, iron or steel, except safety pins are explained by 10 countries.

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Value of Exports in Pins, iron or steel, except safety pins

Net Trade

TOP NET EXPORTER (2022)China$60.9M
TOP NET IMPORTER (2022)United States$18.1M

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

In 2022, the countries that had a largest trade value in exports than in imports of Pins, iron or steel, except safety pins were China ($60.9M), Japan ($10.6M), Chinese Taipei ($5.84M), South Korea ($5.49M), and Singapore ($5.18M).

In 2022, the countries that had a largest trade value in imports than in exports of Pins, iron or steel, except safety pins were United States ($18.1M), Indonesia ($17.8M), Canada ($5.45M), Philippines ($4.29M), and Egypt ($3.13M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Pins, iron or steel, except safety pins 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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