Overview: This page contains the latest trade data of Iron Fasteners. 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.
Imports: In 2018 the top importers of Iron Fastenerswere 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.
Between 2017 and 2018, the fastest growing importers of Iron Fasteners were Canada ($1.4B), United States ($583M), Germany ($328M), Poland ($252M), and Netherlands ($231M).
This chart shows the evolution of the market concentration of exports of Iron Fasteners.
In 2018, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Iron Fasteners are explained by 18 countries.
This map shows which countries export or import more of Iron Fasteners. Each country is colored based on the difference in exports and imports of Iron Fasteners during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Iron Fasteners were Chinese Taipei ($4.69B), China ($4.42B), Germany ($2.6B), Japan ($2.13B), and Italy ($1.13B).
In 2018, the countries that had a largest trade value in imports than in exports of Iron Fasteners were Mexico ($2.25B), United States ($1.42B), Canada ($993M), Russia ($680M), and Poland ($572M).
In 2018, the average tariff for importing Iron Fasteners was 8.7%. The countries with the highest tariffs for importing Iron Fasteners were Bahamas (40.2%), Sudan (35%), Iran (34.4%), Bermuda (25%), and Pakistan (20.3%).
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.