Overview: In 2018, Iron Fasteners were the world's 89th most traded product, with a total trade of $42.2B. Between 2017 and 2018 the exports of Iron Fasteners grew by 13.6%, from $37.1B to $42.2B. Trade in Iron Fasteners represent 0.23% of total world trade.
Exports: In 2018 the top exporters of Iron Fasteners were China ($6.87B), Germany ($6.85B), Chinese Taipei ($4.82B), United States ($4.37B), and Japan ($3.09B).
Imports: In 2018 the top importers of Iron Fasteners were United States ($5.78B), Germany ($4.25B), China ($2.45B), Mexico ($2.44B), and France ($1.85B).
Tariffs: In 2018 the average tariff for Iron Fasteners was 8.7%, been the 495 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Iron Fasteners are Bahamas (40.2%), Sudan (35%), Iran (34.4%), Bermuda (25%), and Pakistan (20.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Iron Fasteners ranks 33rd in the Product Complexity Index (PCI).