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830220 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.08BRnk 2022 / 4644
2023
Top Exporter | Top Importer $551M | $109MChina | United States
2023
Product Complexity 0.91Rnk 933 / 4656
2022 - 2023
Export Growth (CAGR) -7.73%Rnk 2443 / 4644
2023
Share of World Trade 0.0048%Rnk 2022 / 4644

About

Overview This page contains the latest trade data of Castors of base metal. In 2023, Castors of base metal were the world's 2022nd most traded product, with a total trade of $1.08B. Between 2022 and 2023 the exports of Castors of base metal decreased by -7.73%, from $1.17B to $1.08B. Trade in Castors of base metal represent 0.0048% of total world trade.

Castors of base metal are a part of Metal Mountings.

Exports In 2023 the top exporters of Castors of base metal  were China ($551M), Germany ($129M), Chinese Taipei ($55.7M), France ($39.9M), and United States ($38.5M).

Imports In 2023 the top importers of Castors of base metal were United States ($109M), Germany ($77.2M), Vietnam ($50.8M), Mexico ($35.3M), and United Kingdom ($35M).

Ranking Castors of base metal ranks 933rd in the Product Complexity Index (PCI).

Description Castors are often used in furniture, in the construction industry, and in small-scale manufacturing. Castors are often made of steel, aluminum, or iron, and they can be single or double-wheel. They are often used to help move furniture, and they help to protect floors and carpets by avoiding the gouging that can happen with the use of wooden or metal legs.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Castors of base metal. 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$551M
Top Destination (2023)United States$109M

In 2023 Castors of base metal were the world's 2022nd most traded product (out of 4,644).

In 2023, the top exporters of Castors of base metal were China ($551M), Germany ($129M), Chinese Taipei ($55.7M), France ($39.9M), and United States ($38.5M).

In 2023, the top importers of Castors of base metal were United States ($109M), Germany ($77.2M), Vietnam ($50.8M), Mexico ($35.3M), and United Kingdom ($35M).

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Exporters of Castors of base metal (2023)
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Importers of Castors of base metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$6.05M
Top Destination Growth (2022 -  2023)India$15.9M

Between 2022 and 2023, the exports of Castors of base metal grew the fastest in Malaysia ($6.05M), Poland ($1.03M), Hong Kong ($1.02M), Thailand ($779k), and Brazil ($763k).

Between 2022 and 2023, the fastest growing importers of Castors of base metal were India ($15.9M), Philippines ($12.7M), Vietnam ($5.58M), Denmark ($5.42M), and Russia ($5.11M).

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Exporters of Castors of base metal (2022 - 2023)

Importers of Castors of base metal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Castors of base metal.

In 2023, market concentration measured using Shannon Entropy, was 3.11. This means that most of the exports of Castors of base metal are explained by 8 countries.

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Value of Exports in Castors of base metal

Net Trade

TOP NET EXPORTER (2023)China$524M
TOP NET IMPORTER (2023)United States$70.2M

This map shows which countries export or import more of Castors of base metal. Each country is colored based on the difference in exports and imports of Castors of base metal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Castors of base metal were China ($524M), Germany ($51.4M), Chinese Taipei ($49.2M), Italy ($17.9M), and France ($12.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Castors of base metal were United States ($70.2M), Vietnam ($45M), Mexico ($34.1M), Russia ($26M), and United Kingdom ($22.8M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Castors of base metal.
It is possible to select the main countries that export or import Castors of base metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Castors of base metal 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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