Iron Fasteners7318 (Harmonized System 1992 for 4-digit)
World Trade (2018): $42.2B, Rnk 89 / 1225
Top Exporter (2018): $6.87B, China
Top Importer (2018): $5.78B, United States
Product Complexity (2018): 1.62, Rnk 33 / 1018
Export Growth (CAGR)(2017 - 2018): 13.6%, Rnk 588 / 1225
Mean Tariff (2018): 8.7%, Rnk 495 / 1259
Share of World Trade (2018): 0.23%, Rnk 89 / 1225
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.
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).
Trade By Country
Top Origin (2018): China, $6.87B
Top Destination (2018): United States, $5.78B
Iron Fasteners are the world's 89th most traded product.
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).
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).
Trade by country
Between 2017 and 2018, the exports of Iron Fasteners grew the fastest in China ($1.17B), Germany ($1.01B), United States ($699M), Thailand ($188M), and Chinese Taipei ($186M).
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).
Cumulative market share
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.
TOP NET EXPORTER (2018): Chinese Taipei, $4.69B
TOP NET IMPORTER (2018): Mexico, $2.25B
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).
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.
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