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730793 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.76BRnk 1543 / 4644
2023
Top Exporter | Top Importer $456M | $304MChina | United States
2023
Product Complexity 0.27Rnk 2073 / 4656
2022 - 2023
Export Growth (CAGR) 11.2%Rnk 612 / 4644
2023
Share of World Trade 0.0078%Rnk 1543 / 4644

About

Overview This page contains the latest trade data of Butt weld fittings, iron/steel except stainless/cast. In 2023, Butt weld fittings, iron/steel except stainless/cast were the world's 1543rd most traded product, with a total trade of $1.76B. Between 2022 and 2023 the exports of Butt weld fittings, iron/steel except stainless/cast grew by 11.2%, from $1.58B to $1.76B. Trade in Butt weld fittings, iron/steel except stainless/cast represent 0.0078% of total world trade.

Butt weld fittings, iron/steel except stainless/cast are a part of Iron Pipe Fittings.

Exports In 2023 the top exporters of Butt weld fittings, iron/steel except stainless/cast  were China ($456M), Italy ($280M), South Korea ($212M), Germany ($87.5M), and Thailand ($62.7M).

Imports In 2023 the top importers of Butt weld fittings, iron/steel except stainless/cast were United States ($304M), United Arab Emirates ($93.3M), Qatar ($78.1M), Saudi Arabia ($77.8M), and Indonesia ($67.9M).

Ranking Butt weld fittings, iron/steel except stainless/cast ranks 2073rd in the Product Complexity Index (PCI).

Description Butt weld fittings are used for joining pipes, tubing, and other fittings. Butt weld fittings are made of iron or steel, and are used for joining pipes, tubing, and other fittings. Butt weld fittings are used for joining pipes, tubing, and other fittings. Butt weld fittings are made of iron or steel, and are used for joining pipes, tubing, and other fittings.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Butt weld fittings, iron/steel except stainless/cast. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$456M
Top Destination (2023)United States$304M

In 2023 Butt weld fittings, iron/steel except stainless/cast were the world's 1543rd most traded product (out of 4,644).

In 2023, the top exporters of Butt weld fittings, iron/steel except stainless/cast were China ($456M), Italy ($280M), South Korea ($212M), Germany ($87.5M), and Thailand ($62.7M).

In 2023, the top importers of Butt weld fittings, iron/steel except stainless/cast were United States ($304M), United Arab Emirates ($93.3M), Qatar ($78.1M), Saudi Arabia ($77.8M), and Indonesia ($67.9M).

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Exporters of Butt weld fittings, iron/steel except stainless/cast (2023)
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Importers of Butt weld fittings, iron/steel except stainless/cast (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$58.4M
Top Destination Growth (2022 -  2023)United States$52.7M

Between 2022 and 2023, the exports of Butt weld fittings, iron/steel except stainless/cast grew the fastest in Italy ($58.4M), South Korea ($21.5M), China ($18.7M), Singapore ($14M), and Indonesia ($11.4M).

Between 2022 and 2023, the fastest growing importers of Butt weld fittings, iron/steel except stainless/cast were United States ($52.7M), Qatar ($51.7M), Saudi Arabia ($21.1M), United Kingdom ($18.4M), and Poland ($17.5M).

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Exporters of Butt weld fittings, iron/steel except stainless/cast (2022 - 2023)

Importers of Butt weld fittings, iron/steel except stainless/cast (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Butt weld fittings, iron/steel except stainless/cast.

In 2023, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Butt weld fittings, iron/steel except stainless/cast are explained by 16 countries.

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Value of Exports in Butt weld fittings, iron/steel except stainless/cast

Net Trade

TOP NET EXPORTER (2023)China$430M
TOP NET IMPORTER (2023)United States$248M

This map shows which countries export or import more of Butt weld fittings, iron/steel except stainless/cast. Each country is colored based on the difference in exports and imports of Butt weld fittings, iron/steel except stainless/cast during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Butt weld fittings, iron/steel except stainless/cast were China ($430M), Italy ($247M), South Korea ($182M), Thailand ($42.5M), and Malaysia ($38.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Butt weld fittings, iron/steel except stainless/cast were United States ($248M), Qatar ($77.4M), United Arab Emirates ($74.5M), Saudi Arabia ($69.1M), and Indonesia ($52.5M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Butt weld fittings, iron/steel except stainless/cast.
It is possible to select the main countries that export or import Butt weld fittings, iron/steel except stainless/cast in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Butt weld fittings, iron/steel except stainless/cast by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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