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732090 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.04BRnk 1480 / 4648
2022
Top Exporter | Top Importer $475M | $198MGermany | United States
2022
Product Complexity 0.82Rnk 1074 / 4653
2021 - 2022
Export Growth (CAGR) -1.7%Rnk 3221 / 4648
2022
Share of World Trade 0.0086%Rnk 1480 / 4648

About

Overview This page contains the latest trade data of Springs, iron or steel, except helical/leaf. In 2022, Springs, iron or steel, except helical/leaf were the world's 1480th most traded product, with a total trade of $2.04B. Between 2021 and 2022 the exports of Springs, iron or steel, except helical/leaf decreased by -1.7%, from $2.07B to $2.04B. Trade in Springs, iron or steel, except helical/leaf represent 0.0086% of total world trade.

Springs, iron or steel, except helical/leaf are a part of Iron Springs.

Exports In 2022 the top exporters of Springs, iron or steel, except helical/leaf  were Germany ($475M), China ($243M), United States ($209M), Italy ($118M), and Poland ($109M).

Imports In 2022 the top importers of Springs, iron or steel, except helical/leaf were United States ($198M), Germany ($172M), China ($144M), Mexico ($123M), and Poland ($99M).

Ranking Springs, iron or steel, except helical/leaf ranks 1074th in the Product Complexity Index (PCI).

Description A spring is a coil of wire or other material which, when compressed or stretched, will exert a force. The most common use of a spring is in a car seat to provide a cushioning effect. Springs are also commonly used in mechanical clocks and watches for the same purpose. Springs are also used in many other places, such as the human body.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Springs, iron or steel, except helical/leaf. 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)Germany$475M
Top Destination (2022)United States$198M

In 2022 Springs, iron or steel, except helical/leaf were the world's 1480th most traded product (out of 4,648).

In 2022, the top exporters of Springs, iron or steel, except helical/leaf were Germany ($475M), China ($243M), United States ($209M), Italy ($118M), and Poland ($109M).

In 2022, the top importers of Springs, iron or steel, except helical/leaf were United States ($198M), Germany ($172M), China ($144M), Mexico ($123M), and Poland ($99M).

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Exporters of Springs, iron or steel, except helical/leaf (2022)
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Importers of Springs, iron or steel, except helical/leaf (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$34.7M
Top Destination Growth (2021 -  2022)United States$15.8M

Between 2021 and 2022, the exports of Springs, iron or steel, except helical/leaf grew the fastest in China ($34.7M), United States ($12M), Mexico ($9.57M), Thailand ($4.35M), and Indonesia ($3.17M).

Between 2021 and 2022, the fastest growing importers of Springs, iron or steel, except helical/leaf were United States ($15.8M), Mexico ($11.9M), Canada ($9.62M), Malaysia ($8.92M), and South Africa ($8.6M).

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Exporters of Springs, iron or steel, except helical/leaf (2021 - 2022)

Importers of Springs, iron or steel, except helical/leaf (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Springs, iron or steel, except helical/leaf.

In 2022, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Springs, iron or steel, except helical/leaf are explained by 19 countries.

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Value of Exports in Springs, iron or steel, except helical/leaf

Net Trade

TOP NET EXPORTER (2022)Germany$303M
TOP NET IMPORTER (2022)Mexico$89.3M

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

In 2022, the countries that had a largest trade value in exports than in imports of Springs, iron or steel, except helical/leaf were Germany ($303M), China ($98.5M), Italy ($67.7M), Japan ($52.5M), and Chinese Taipei ($41.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Springs, iron or steel, except helical/leaf were Mexico ($89.3M), Canada ($42.5M), Hungary ($41M), Malaysia ($37.6M), and India ($33M).

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 Springs, iron or steel, except helical/leaf.
It is possible to select the main countries that export or import Springs, iron or steel, except helical/leaf in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Springs, iron or steel, except helical/leaf 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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