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731940 (Harmonized System 2012 for 6-digit)

2022
World Trade $151MRnk 4221 / 5198
2022
Top Exporter | Top Importer $53.1M | $28.5MChina | Indonesia
2022
Product Complexity 1.33Rnk 328 / 5199
2021 - 2022
Export Growth (CAGR) 2.06%Rnk 3044 / 5198
2022
Share of World Trade 0.00063%Rnk 4221 / 5198

About

Overview This page contains the latest trade data of Safety pins and other pins: of iron or steel. In 2022, Safety pins and other pins: of iron or steel were the world's 4221st most traded product, with a total trade of $151M. Between 2021 and 2022 the exports of Safety pins and other pins: of iron or steel grew by 2.06%, from $148M to $151M. Trade in Safety pins and other pins: of iron or steel represent 0.00063% of total world trade.

Safety pins and other pins: of iron or steel are a part of Sewing and knitting needles, bodkins, crochet hooks, embroidery stilettos and similar articles,....

Exports In 2022 the top exporters of Safety pins and other pins: of iron or steel  were China ($53.1M), Japan ($17.3M), United States ($12.2M), Chinese Taipei ($9.6M), and Singapore ($8M).

Imports In 2022 the top importers of Safety pins and other pins: of iron or steel were Indonesia ($28.5M), United States ($18.3M), Malaysia ($9.53M), Philippines ($7.13M), and South Korea ($6.05M).

Ranking Safety pins and other pins: of iron or steel ranks 328th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Safety pins and other pins: of 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$53.1M
Top Destination (2022)Indonesia$28.5M

In 2022 Safety pins and other pins: of iron or steel were the world's 4221st most traded product (out of 5,198).

In 2022, the top exporters of Safety pins and other pins: of iron or steel were China ($53.1M), Japan ($17.3M), United States ($12.2M), Chinese Taipei ($9.6M), and Singapore ($8M).

In 2022, the top importers of Safety pins and other pins: of iron or steel were Indonesia ($28.5M), United States ($18.3M), Malaysia ($9.53M), Philippines ($7.13M), and South Korea ($6.05M).

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Exporters of Safety pins and other pins: of iron or steel (2022)
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Importers of Safety pins and other pins: of iron or steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$8.11M
Top Destination Growth (2021 -  2022)United States$4.24M

Between 2021 and 2022, the exports of Safety pins and other pins: of iron or steel grew the fastest in China ($8.11M), Malaysia ($1.37M), Finland ($1.35M), Chinese Taipei ($1.03M), and United Arab Emirates ($894k).

Between 2021 and 2022, the fastest growing importers of Safety pins and other pins: of iron or steel were United States ($4.24M), Germany ($1.17M), Bangladesh ($1.12M), Egypt ($1.1M), and India ($1.06M).

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Exporters of Safety pins and other pins: of iron or steel (2021 - 2022)

Importers of Safety pins and other pins: of iron or steel (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Safety pins and other pins: of iron or steel.

In 2022, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Safety pins and other pins: of iron or steel are explained by 12 countries.

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Value of Exports in Safety pins and other pins: of iron or steel

Net Trade

TOP NET EXPORTER (2022)China$49.2M
TOP NET IMPORTER (2022)Indonesia$28.3M

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

In 2022, the countries that had a largest trade value in exports than in imports of Safety pins and other pins: of iron or steel were China ($49.2M), Japan ($14.4M), Chinese Taipei ($8.84M), Thailand ($3.97M), and Singapore ($3.36M).

In 2022, the countries that had a largest trade value in imports than in exports of Safety pins and other pins: of iron or steel were Indonesia ($28.3M), Philippines ($6.85M), United States ($6.06M), Canada ($4.96M), and Bangladesh ($3.03M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Safety pins and other pins: of 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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