HS Icon Iron Nails

7317 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.13B, Rnk 618 / 1225

Top Exporter (2018): $1.45B, China

Top Importer (2018): $1.02B, United States

Product Complexity (2018): -0.2, Rnk 608 / 1018

Export Growth (CAGR)(2017 - 2018): 31.8%, Rnk 158 / 1225

Mean Tariff (2018): 12.4%, Rnk 299 / 1259

Share of World Trade (2018): 0.017%, Rnk 618 / 1225

Overview:  This page contains the latest trade data of Iron Nails. In 2018, Iron Nails were the world's 618th most traded product, with a total trade of $3.13B. Between 2017 and 2018 the exports of Iron Nails grew by 31.8%, from  $2.38B to $3.13B. Trade in Iron Nails represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Iron Nails  were China ($1.45B), Chinese Taipei ($129M), Germany ($127M), Oman ($107M), and Poland ($92.9M).

Imports: In 2018 the top importers of Iron Nails were United States ($1.02B), Canada ($134M), Japan ($122M), Germany ($119M), and United Kingdom ($105M).

Tariffs: In 2018 the average tariff for Iron Nails was 12.4%, been the 299 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Nails are Iran (55%), Sudan (35%), Fiji (31.1%), Sri Lanka (30%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Iron Nails ranks 608th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.45B

Top Destination (2018): United States, $1.02B

Iron Nails are the world's 618th most traded product.

In 2018, the top exporters of Iron Nails were China ($1.45B), Chinese Taipei ($129M), Germany ($127M), Oman ($107M), and Poland ($92.9M).

In 2018, the top importers of Iron Nails were United States ($1.02B), Canada ($134M), Japan ($122M), Germany ($119M), and United Kingdom ($105M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $411M

Top Destination Growth (2017 - 2018): United States, $220M

Between 2017 and 2018, the exports of Iron Nails grew the fastest in China ($411M), Denmark ($46.7M), Oman ($43.8M), Thailand ($25.3M), and Malaysia ($18.3M).

Between 2017 and 2018, the fastest growing importers of Iron Nails were United States ($220M), Canada ($97.5M), United Kingdom ($25.1M), Netherlands ($19M), and Germany ($18.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Iron Nails.

In 2018,  market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Iron Nails are explained by 13 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.43B

TOP NET IMPORTER (2018): United States, $962M

This map shows which countries export or import more of Iron Nails. Each country is colored based on the difference in exports and imports of Iron Nails during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Iron Nails were China ($1.43B), Chinese Taipei ($121M), Oman ($98.2M), Poland ($66M), and Switzerland ($62.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Nails were United States ($962M), Japan ($111M), United Kingdom ($87.3M), Canada ($66.8M), and France ($52.2M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Iron Nails. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Nails was 12.4%.  The countries with the highest tariffs for importing Iron Nails were Iran (55%), Sudan (35%), Fiji (31.1%), Sri Lanka (30%), and Bermuda (25%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.