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731300 (Harmonized System 1992 for 6-digit)

2023
World Trade $279MRnk 3401 / 4644
2023
Top Exporter | Top Importer $121M | $17.7MChina | United States
2023
Product Complexity -1.55Rnk 4308 / 4656
2022 - 2023
Export Growth (CAGR) -17.5%Rnk 3473 / 4644
2023
Share of World Trade 0.0012%Rnk 3401 / 4644

About

Overview This page contains the latest trade data of Wire for fencing, including barbed wire. In 2023, Wire for fencing, including barbed wire were the world's 3401st most traded product, with a total trade of $279M. Between 2022 and 2023 the exports of Wire for fencing, including barbed wire decreased by -17.5%, from $338M to $279M. Trade in Wire for fencing, including barbed wire represent 0.0012% of total world trade.

Wire for fencing, including barbed wire are a part of Barbed Wire.

Exports In 2023 the top exporters of Wire for fencing, including barbed wire  were China ($121M), Mexico ($20.4M), Turkey ($16M), Guatemala ($12.9M), and Spain ($9.36M).

Imports In 2023 the top importers of Wire for fencing, including barbed wire were United States ($17.7M), Spain ($13.9M), Honduras ($12.7M), Nicaragua ($10.4M), and Iraq ($9.97M).

Ranking Wire for fencing, including barbed wire ranks 4308th in the Product Complexity Index (PCI).

Description Wire is used for fences to contain animals, to support plants, to repel birds, and to protect crops. Barbed wire is used by ranchers to protect grazing land.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wire for fencing, including barbed wire. 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$121M
Top Destination (2023)United States$17.7M

In 2023 Wire for fencing, including barbed wire were the world's 3401st most traded product (out of 4,644).

In 2023, the top exporters of Wire for fencing, including barbed wire were China ($121M), Mexico ($20.4M), Turkey ($16M), Guatemala ($12.9M), and Spain ($9.36M).

In 2023, the top importers of Wire for fencing, including barbed wire were United States ($17.7M), Spain ($13.9M), Honduras ($12.7M), Nicaragua ($10.4M), and Iraq ($9.97M).

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Exporters of Wire for fencing, including barbed wire (2023)
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Importers of Wire for fencing, including barbed wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$3.12M
Top Destination Growth (2022 -  2023)Nigeria$7.05M

Between 2022 and 2023, the exports of Wire for fencing, including barbed wire grew the fastest in Austria ($3.12M), Mexico ($2.84M), Guatemala ($2.29M), Belgium ($1.02M), and Luxembourg ($825k).

Between 2022 and 2023, the fastest growing importers of Wire for fencing, including barbed wire were Nigeria ($7.05M), Vietnam ($4.83M), Nicaragua ($3.83M), Honduras ($3.19M), and Philippines ($3.14M).

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Exporters of Wire for fencing, including barbed wire (2022 - 2023)

Importers of Wire for fencing, including barbed wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire for fencing, including barbed wire.

In 2023, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Wire for fencing, including barbed wire are explained by 13 countries.

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Value of Exports in Wire for fencing, including barbed wire

Net Trade

TOP NET EXPORTER (2023)China$121M
TOP NET IMPORTER (2023)United States$14.5M

This map shows which countries export or import more of Wire for fencing, including barbed wire. Each country is colored based on the difference in exports and imports of Wire for fencing, including barbed wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wire for fencing, including barbed wire were China ($121M), Mexico ($19.3M), Turkey ($15.7M), Guatemala ($11.7M), and South Africa ($7.91M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire for fencing, including barbed wire were United States ($14.5M), Honduras ($12.7M), Nicaragua ($9.59M), Philippines ($8.49M), and Nigeria ($7.47M).

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 Wire for fencing, including barbed wire.
It is possible to select the main countries that export or import Wire for fencing, including barbed wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wire for fencing, including barbed wire 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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