Iron Fasteners2019 World Trade: $40.5B, Rnk 92 / 1217
2019 Top Exporter | Top Importer: $6.78B | $5.64B, China | United States
2019 Product Complexity: 1.71, Rnk 17 / 961
2018 - 2019 Export Growth (CAGR): -4.41%, Rnk 711 / 1217
2018 Mean Tariff: 8.5%, Rnk 505 / 1259
2019 Share of World Trade: 0.22%, Rnk 92 / 1217
Overview This page contains the latest trade data of Iron Fasteners. In 2019, Iron Fasteners were the world's 92nd most traded product, with a total trade of $40.5B. Between 2018 and 2019 the exports of Iron Fasteners decreased by -4.41%, from $42.3B to $40.5B. Trade in Iron Fasteners represent 0.22% of total world trade.
Iron Fasteners are a part of Iron or steel articles. They include Bolts/screws nes, with/without nut/washer, iron/steel, Nuts, iron or steel, Non-threaded articles of iron or steel, nes, Screws, self-tapping, iron or steel, Iron or steel threaded articles except screw, nut,bol, Washers, iron or steel, except spring/lock, Screws, wood, iron or steel, except coach screws, Rivets, iron or steel, Washers, spring or lock, iron or steel, and Cotters and cotter-pins, iron or steel, among others.
Exports In 2019 the top exporters of Iron Fasteners were China ($6.78B), Germany ($6.51B), Chinese Taipei ($4.52B), United States ($4.44B), and Japan ($2.9B).
Imports In 2019 the top importers of Iron Fasteners were United States ($5.64B), Germany ($3.79B), Mexico ($2.48B), China ($2.16B), and France ($1.73B).
Tariffs In 2018 the average tariff for Iron Fasteners was 8.5%, making it the 505th 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%), Kenya (28.1%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking Iron Fasteners ranks 17th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Iron Fasteners. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using October 2021 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2019): China, $6.78B
Top Destination (2019): United States, $5.64B
Iron Fasteners are the world's 92nd most traded product.
In 2019, the top exporters of Iron Fasteners were China ($6.78B), Germany ($6.51B), Chinese Taipei ($4.52B), United States ($4.44B), and Japan ($2.9B).
In 2019, the top importers of Iron Fasteners were United States ($5.64B), Germany ($3.79B), Mexico ($2.48B), China ($2.16B), and France ($1.73B).
Trade by country
Top Origin Growth (2018 - 2019): United States, $57.8M
Top Destination Growth (2018 - 2019): Vietnam, $87.6M
Between 2018 and 2019, the exports of Iron Fasteners grew the fastest in United States ($57.8M), Brazil ($30.4M), Mexico ($22.2M), Turkey ($21.5M), and Canada ($17.9M).
Between 2018 and 2019, the fastest growing importers of Iron Fasteners were Vietnam ($87.6M), Mexico ($44M), Japan ($36.3M), Iraq ($31.2M), and Myanmar ($28.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Fasteners.
In 2019, market concentration measured using Shannon Entropy, was 4.18. 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 2019.
In 2019, the world most traded Iron Fasteners, disaggragated by their HS6 level were Bolts/screws nes, with/without nut/washer, iron/steel ($18.9B), Nuts, iron or steel ($6.46B), Non-threaded articles of iron or steel,... ($3.4B), Screws, self-tapping, iron or steel ($3.23B), and Iron or steel threaded articles except... ($2.75B)
This visualization shows the countries that have an important ratio of their trade related to Iron Fasteners. It is possible to select the main countries that export or import Iron Fasteners in the world, or by continent, as well as select the measure of interest.
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.