Iron Nails7317 (Harmonized System 1992 for 4-digit)
World Trade (2018): $3.13B, Rnk 618 / 1225
Top Exporter (2018): $1.45B, China
Top Importer (2018): $1.02B, United States
Product Complexity (2018): -0.2, Rnk 608 / 1018
Export Growth (CAGR)(2017 - 2018): 31.8%, Rnk 158 / 1225
Mean Tariff (2018): 12.4%, Rnk 299 / 1259
Share of World Trade (2018): 0.017%, Rnk 618 / 1225
Overview: This page contains the latest trade data of Iron Nails. In 2018, Iron Nails were the world's 618th most traded product, with a total trade of $3.13B. Between 2017 and 2018 the exports of Iron Nails grew by 31.8%, from $2.38B to $3.13B. Trade in Iron Nails represent 0.017% of total world trade.
Exports: In 2018 the top exporters of Iron Nails were China ($1.45B), Chinese Taipei ($129M), Germany ($127M), Oman ($107M), and Poland ($92.9M).
Imports: In 2018 the top importers of Iron Nails were United States ($1.02B), Canada ($134M), Japan ($122M), Germany ($119M), and United Kingdom ($105M).
Tariffs: In 2018 the average tariff for Iron Nails was 12.4%, making it the 299th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Iron Nails are Iran (55%), Sudan (35%), Fiji (31.1%), Sri Lanka (30%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Iron Nails ranks 608th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $1.45B
Top Destination (2018): United States, $1.02B
Iron Nails are the world's 618th most traded product.
In 2018, the top exporters of Iron Nails were China ($1.45B), Chinese Taipei ($129M), Germany ($127M), Oman ($107M), and Poland ($92.9M).
In 2018, the top importers of Iron Nails were United States ($1.02B), Canada ($134M), Japan ($122M), Germany ($119M), and United Kingdom ($105M).
Trade by country
Top Origin Growth (2017 - 2018): China, $411M
Top Destination Growth (2017 - 2018): United States, $220M
Between 2017 and 2018, the exports of Iron Nails grew the fastest in China ($411M), Denmark ($46.7M), Oman ($43.8M), Thailand ($25.3M), and Malaysia ($18.3M).
Between 2017 and 2018, the fastest growing importers of Iron Nails were United States ($220M), Canada ($97.5M), United Kingdom ($25.1M), Netherlands ($19M), and Germany ($18.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Nails.
In 2018, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Iron Nails are explained by 13 countries.
TOP NET EXPORTER (2018): China, $1.43B
TOP NET IMPORTER (2018): United States, $962M
This map shows which countries export or import more of Iron Nails. Each country is colored based on the difference in exports and imports of Iron Nails during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Iron Nails were China ($1.43B), Chinese Taipei ($121M), Oman ($98.2M), Poland ($66M), and Switzerland ($62.3M).
In 2018, the countries that had a largest trade value in imports than in exports of Iron Nails were United States ($962M), Japan ($111M), United Kingdom ($87.3M), Canada ($66.8M), and France ($52.2M).
In 2018, the world most traded Iron Nails, disaggragated by their HS6 level were Nails/staples/etc, iron/steel, not office stationary ($3.13B)
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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