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).
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).
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.
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 average tariff for importing Iron Nails was 12.4%. The countries with the highest tariffs for importing Iron Nails were Iran (55%), Sudan (35%), Fiji (31.1%), Sri Lanka (30%), and Bermuda (25%).
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.