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731940 (Harmonized System 2012 for 6-digit)

2023
World Trade $157MRnk 4151 / 5198
2023
Top Exporter | Top Importer $68.2M | $26.6MChina | Indonesia
2023
Product Complexity 1.11Rnk 668 / 5199
2022 - 2023
Export Growth (CAGR) -1.43%Rnk 1931 / 5198
2023
Share of World Trade 0.00069%Rnk 4151 / 5198

About

Overview This page contains the latest trade data of Safety pins and other pins: of iron or steel. In 2023, Safety pins and other pins: of iron or steel were the world's 4151st most traded product, with a total trade of $157M. Between 2022 and 2023 the exports of Safety pins and other pins: of iron or steel decreased by -1.43%, from $159M to $157M. Trade in Safety pins and other pins: of iron or steel represent 0.00069% 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 2023 the top exporters of Safety pins and other pins: of iron or steel  were China ($68.2M), Japan ($20.1M), United States ($10.9M), Malaysia ($6.88M), and Chinese Taipei ($6.25M).

Imports In 2023 the top importers of Safety pins and other pins: of iron or steel were Indonesia ($26.6M), United States ($20.5M), Saudi Arabia ($10.6M), Philippines ($9.43M), and Canada ($7.45M).

Ranking Safety pins and other pins: of iron or steel ranks 668th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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 (2023)China$68.2M
Top Destination (2023)Indonesia$26.6M

In 2023 Safety pins and other pins: of iron or steel were the world's 4151st most traded product (out of 5,198).

In 2023, the top exporters of Safety pins and other pins: of iron or steel were China ($68.2M), Japan ($20.1M), United States ($10.9M), Malaysia ($6.88M), and Chinese Taipei ($6.25M).

In 2023, the top importers of Safety pins and other pins: of iron or steel were Indonesia ($26.6M), United States ($20.5M), Saudi Arabia ($10.6M), Philippines ($9.43M), and Canada ($7.45M).

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Exporters of Safety pins and other pins: of iron or steel (2023)
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Importers of Safety pins and other pins: of iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$13.4M
Top Destination Growth (2022 -  2023)Saudi Arabia$6.67M

Between 2022 and 2023, the exports of Safety pins and other pins: of iron or steel grew the fastest in China ($13.4M), Netherlands ($1.39M), Brazil ($1.17M), United Arab Emirates ($984k), and Germany ($665k).

Between 2022 and 2023, the fastest growing importers of Safety pins and other pins: of iron or steel were Saudi Arabia ($6.67M), United States ($2.3M), Philippines ($2.23M), United Arab Emirates ($2.2M), and Canada ($1.66M).

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Exporters of Safety pins and other pins: of iron or steel (2022 - 2023)

Importers of Safety pins and other pins: of iron or steel (2022 - 2023)

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 2023, market concentration measured using Shannon Entropy, was 3.35. This means that most of the exports of Safety pins and other pins: of iron or steel are explained by 10 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$66.7M
TOP NET IMPORTER (2023)Indonesia$26.3M

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 2023.

In 2023, 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 ($66.7M), Japan ($17.7M), Chinese Taipei ($5.7M), Thailand ($2.5M), and Germany ($1.23M).

In 2023, 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 ($26.3M), Saudi Arabia ($10.6M), United States ($9.6M), Philippines ($9.35M), and Canada ($6.73M).

Net Trade (2023)

Country Comparison

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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 (2023)

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