HS Icon Padlocks

8301 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13.8B, Rnk 264 / 1225

Top Exporter (2018): $4.04B, China

Top Importer (2018): $2.74B, United States

Product Complexity (2018): 0.77, Rnk 253 / 1018

Export Growth (CAGR)(2017 - 2018): 9.06%, Rnk 815 / 1225

Mean Tariff (2018): 9.98%, Rnk 426 / 1259

Share of World Trade (2018): 0.075%, Rnk 264 / 1225

Overview:  This page contains the latest trade data of Padlocks. In 2018, Padlocks were the world's 264th most traded product, with a total trade of $13.8B. Between 2017 and 2018 the exports of Padlocks grew by 9.06%, from  $12.6B to $13.8B. Trade in Padlocks represent 0.075% of total world trade.

Exports: In 2018 the top exporters of Padlocks  were China ($4.04B), Germany ($1.54B), Mexico ($1.22B), United States ($681M), and Czechia ($608M).

Imports: In 2018 the top importers of Padlocks were United States ($2.74B), Germany ($1.12B), Mexico ($701M), United Kingdom ($589M), and France ($585M).

Tariffs: In 2018 the average tariff for Padlocks was 9.98%, making it the 426th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Padlocks are Sudan (35%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Iran (28.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Padlocks ranks 253rd in the Product Complexity Index (PCI).

Description: Padlocks and locks are used to secure doors, gates, or other items. Clasps and frames with clasps are used to attach a padlock to an item. Keys for padlocks and locks are made of metal.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.04B

Top Destination (2018): United States, $2.74B

Padlocks are the world's 264th most traded product.

In 2018, the top exporters of Padlocks were China ($4.04B), Germany ($1.54B), Mexico ($1.22B), United States ($681M), and Czechia ($608M).

In 2018, the top importers of Padlocks were United States ($2.74B), Germany ($1.12B), Mexico ($701M), United Kingdom ($589M), and France ($585M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $322M

Top Destination Growth (2017 - 2018): United States, $231M

Between 2017 and 2018, the exports of Padlocks grew the fastest in China ($322M), Germany ($145M), Poland ($108M), Chinese Taipei ($105M), and Slovakia ($72.3M).

Between 2017 and 2018, the fastest growing importers of Padlocks were United States ($231M), France ($89.6M), United Kingdom ($74.8M), Netherlands ($63.5M), and Indonesia ($56.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Padlocks.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Padlocks are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $3.53B

TOP NET IMPORTER (2018): United States, $2.06B

This map shows which countries export or import more of Padlocks. Each country is colored based on the difference in exports and imports of Padlocks during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Padlocks were China ($3.53B), Mexico ($520M), Chinese Taipei ($516M), Germany ($423M), and South Korea ($297M).

In 2018, the countries that had a largest trade value in imports than in exports of Padlocks were United States ($2.06B), United Kingdom ($426M), France ($350M), Russia ($189M), and Indonesia ($163M).

Disaggregation

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Value

In 2018, the world most traded Padlocks, disaggragated by their HS6 level were Locks of base metal, nes ($4.58B), Locks of a kind used for... ($3.66B), Lock parts, etc, of base metal, ($3.26B), Padlocks of base metal ($1.2B), and Keys, including blanks for keys, of... ($506M)

Import Tariffs

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In 2018, the average tariff for importing Padlocks was 9.98%.  The countries with the highest tariffs for importing Padlocks were Sudan (35%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Iran (28.6%).

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Product Complexity

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Diversification Frontier

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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.