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Safes; armoured or reinforced, strong-boxes, doors and safe deposit lockers for strong-rooms, cash or deed boxes and the like, of base metal

8303 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.46BRnk 858 / 1218
2022
Top Exporter | Top Importer $647M | $440MChina | United States
2022
Product Complexity 0.76Rnk 257 / 1033
2021 - 2022
Export Growth (CAGR) 1.58%Rnk 791 / 1218
2022
Share of World Trade 0.0062%Rnk 858 / 1218

About

Overview This page contains the latest trade data of Safes. In 2022, Safes were the world's 858th most traded product, with a total trade of $1.46B. Between 2021 and 2022 the exports of Safes grew by 1.58%, from $1.44B to $1.46B. Trade in Safes represent 0.0062% of total world trade.

Safes are a part of Miscellaneous metal products. They include Safes/strong-boxes etc, of base metal.

Exports In 2022 the top exporters of Safes  were China ($647M), Mexico ($112M), Netherlands ($70.9M), Germany ($65.5M), and Italy ($64.7M).

Imports In 2022 the top importers of Safes were United States ($440M), Germany ($150M), France ($64.5M), Hungary ($47.4M), and Netherlands ($37.9M).

Ranking Safes ranks 257th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Safes. 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$647M
Top Destination (2022)United States$440M

In 2022 Safes were the world's 858th most traded product (out of 1,218).

In 2022, the top exporters of Safes were China ($647M), Mexico ($112M), Netherlands ($70.9M), Germany ($65.5M), and Italy ($64.7M).

In 2022, the top importers of Safes were United States ($440M), Germany ($150M), France ($64.5M), Hungary ($47.4M), and Netherlands ($37.9M).

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Exporters of Safes (2022)
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Importers of Safes (2022)
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Market Dynamics

Color
Top Origin Decrease (2021 -  2022)Mexico-$34.5M
Top Destination Growth (2021 -  2022)Hungary$19.5M

Between 2021 and 2022, the fastest declining exporters of Safes were Mexico (-$34.5M), Czechia (-$5.62M), Slovakia (-$2.08M), United Kingdom (-$1.25M), and South Korea (-$1.1M).

Between 2021 and 2022, the fastest growing importers of Safes were Hungary ($19.5M), Germany ($12.7M), Indonesia ($7.53M), Mexico ($7.32M), and Poland ($7.26M).

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Exporters of Safes (2021 - 2022)

Importers of Safes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.58. This means that most of the exports of Safes are explained by 11 countries.

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Value of Exports in Safes

Net Trade

TOP NET EXPORTER (2022)China$635M
TOP NET IMPORTER (2022)United States$402M

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

In 2022, the countries that had a largest trade value in exports than in imports of Safes were China ($635M), Mexico ($87.7M), South Korea ($43.1M), Portugal ($36M), and Netherlands ($33M).

In 2022, the countries that had a largest trade value in imports than in exports of Safes were United States ($402M), Germany ($84.9M), Hungary ($44.5M), France ($38.1M), and Australia ($27.9M).

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 Safes.
It is possible to select the main countries that export or import Safes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Safes by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $5.95M
TOP IMPORT POTENTIALSouth Korea+ $587k

Safes’s highest export potential is India. With an export gap of $5.95M.  Safes’s highest import potential is South Korea with an import gap of $587k.

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 (2022)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of Safes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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