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.