HS Icon Bolts/screws nes, with/without nut/washer, iron/steel

731815 (Harmonized System 1992 for 6-digit)

World Trade (2018): $19.8B, Rnk 135 / 4726

Top Exporter (2018): $3.18B, China

Top Importer (2018): $2.84B, United States

Product Complexity (2018): 1.04, Rnk 698 / 4873

Export Growth (CAGR)(2017 - 2018): 18.5%, Rnk 1521 / 4726

Mean Tariff (2018): 8.9%, Rnk 2564 / 6538

Share of World Trade (2018): 0.11%, Rnk 135 / 4726

Overview:  This page contains the latest trade data of Bolts/screws nes, with/without nut/washer, iron/steel. In 2018, Bolts/screws nes, with/without nut/washer, iron/steel were the world's 135th most traded product, with a total trade of $19.8B. Between 2017 and 2018 the exports of Bolts/screws nes, with/without nut/washer, iron/steel grew by 18.5%, from  $16.7B to $19.8B. Trade in Bolts/screws nes, with/without nut/washer, iron/steel represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Bolts/screws nes, with/without nut/washer, iron/steel  were China ($3.18B), Germany ($3.01B), Chinese Taipei ($2.21B), United States ($2.09B), and Japan ($1.65B).

Imports: In 2018 the top importers of Bolts/screws nes, with/without nut/washer, iron/steel were United States ($2.84B), Germany ($1.96B), China ($1.26B), Mexico ($1.24B), and France ($841M).

Tariffs: In 2018 the average tariff for Bolts/screws nes, with/without nut/washer, iron/steel was 8.9%, been the 2564 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bolts/screws nes, with/without nut/washer, iron/steel are Bahamas (40.2%), Sudan (35%), Iran (32.5%), Bangladesh (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Bolts/screws nes, with/without nut/washer, iron/steel ranks 698th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.18B

Top Destination (2018): United States, $2.84B

Bolts/screws nes, with/without nut/washer, iron/steel are the world's 135th most traded product.

In 2018, the top exporters of Bolts/screws nes, with/without nut/washer, iron/steel were China ($3.18B), Germany ($3.01B), Chinese Taipei ($2.21B), United States ($2.09B), and Japan ($1.65B).

In 2018, the top importers of Bolts/screws nes, with/without nut/washer, iron/steel were United States ($2.84B), Germany ($1.96B), China ($1.26B), Mexico ($1.24B), and France ($841M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $648M

Top Destination Growth (2017 - 2018): Canada, $714M

Between 2017 and 2018, the exports of Bolts/screws nes, with/without nut/washer, iron/steel grew the fastest in China ($648M), Chinese Taipei ($617M), United States ($481M), Germany ($478M), and Thailand ($107M).

Between 2017 and 2018, the fastest growing importers of Bolts/screws nes, with/without nut/washer, iron/steel were Canada ($714M), United States ($631M), Germany ($174M), Poland ($126M), and United Kingdom ($120M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Bolts/screws nes, with/without nut/washer, iron/steel.

In 2018,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Bolts/screws nes, with/without nut/washer, iron/steel are explained by 17 countries.

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TOP NET EXPORTER (2018): Chinese Taipei, $2.15B

TOP NET IMPORTER (2018): Mexico, $1.14B

This map shows which countries export or import more of Bolts/screws nes, with/without nut/washer, iron/steel. Each country is colored based on the difference in exports and imports of Bolts/screws nes, with/without nut/washer, iron/steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Bolts/screws nes, with/without nut/washer, iron/steel were Chinese Taipei ($2.15B), China ($1.92B), Japan ($1.22B), Germany ($1.05B), and Italy ($934M).

In 2018, the countries that had a largest trade value in imports than in exports of Bolts/screws nes, with/without nut/washer, iron/steel were Mexico ($1.14B), United States ($753M), Canada ($532M), Russia ($319M), and United Kingdom ($295M).

Trade Forecasts

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This section shows forecasts for total trade for Bolts/screws nes, with/without nut/washer, iron/steel. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Bolts/screws nes, with/without nut/washer, iron/steel was 8.9%.  The countries with the highest tariffs for importing Bolts/screws nes, with/without nut/washer, iron/steel were Bahamas (40.2%), Sudan (35%), Iran (32.5%), Bangladesh (25%), and Bermuda (25%).

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Product Complexity

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Diversification Frontier

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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.