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731581 (Harmonized System 1992 for 6-digit)

2023
World Trade $228MRnk 3572 / 4644
2023
Top Exporter | Top Importer $172M | $23.9MChina | Japan
2023
Product Complexity 0.0076Rnk 2536 / 4656
2022 - 2023
Export Growth (CAGR) -6.37%Rnk 2261 / 4644
2023
Share of World Trade 0.001%Rnk 3572 / 4644

About

Overview This page contains the latest trade data of Chain, stud link, iron or steel. In 2023, Chain, stud link, iron or steel were the world's 3572nd most traded product, with a total trade of $228M. Between 2022 and 2023 the exports of Chain, stud link, iron or steel decreased by -6.37%, from $243M to $228M. Trade in Chain, stud link, iron or steel represent 0.001% of total world trade.

Chain, stud link, iron or steel are a part of Iron Chains.

Exports In 2023 the top exporters of Chain, stud link, iron or steel  were China ($172M), Sweden ($8.38M), Germany ($6.12M), Italy ($4.92M), and United States ($4.67M).

Imports In 2023 the top importers of Chain, stud link, iron or steel were Japan ($23.9M), South Korea ($12.7M), Vietnam ($11.3M), Singapore ($9.86M), and Indonesia ($9.25M).

Ranking Chain, stud link, iron or steel ranks 2536th in the Product Complexity Index (PCI).

Description Chain is used in suspension bridges, as a means of lifting heavy loads, or for a variety of other purposes. Iron or steel is a metal alloy that is often used in large construction projects, and is often used to create nails, screws, nuts, bolts, and other fasteners. It is also used in machines and tools, and is a common material for many other uses.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Chain, stud link, iron or steel. 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$172M
Top Destination (2023)Japan$23.9M

In 2023 Chain, stud link, iron or steel were the world's 3572nd most traded product (out of 4,644).

In 2023, the top exporters of Chain, stud link, iron or steel were China ($172M), Sweden ($8.38M), Germany ($6.12M), Italy ($4.92M), and United States ($4.67M).

In 2023, the top importers of Chain, stud link, iron or steel were Japan ($23.9M), South Korea ($12.7M), Vietnam ($11.3M), Singapore ($9.86M), and Indonesia ($9.25M).

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Exporters of Chain, stud link, iron or steel (2023)
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Importers of Chain, stud link, iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Sweden$6.34M
Top Destination Growth (2022 -  2023)Vietnam$7M

Between 2022 and 2023, the exports of Chain, stud link, iron or steel grew the fastest in Sweden ($6.34M), China ($2.46M), Greece ($1.5M), France ($1.08M), and Germany ($427k).

Between 2022 and 2023, the fastest growing importers of Chain, stud link, iron or steel were Vietnam ($7M), Indonesia ($4.12M), United Kingdom ($4.06M), Canada ($4.01M), and Turkey ($2.52M).

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Exporters of Chain, stud link, iron or steel (2022 - 2023)

Importers of Chain, stud link, iron or steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Chain, stud link, iron or steel.

In 2023, market concentration measured using Shannon Entropy, was 1.88. This means that most of the exports of Chain, stud link, iron or steel are explained by 3 countries.

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Value of Exports in Chain, stud link, iron or steel

Net Trade

TOP NET EXPORTER (2023)China$167M
TOP NET IMPORTER (2023)Japan$21.9M

This map shows which countries export or import more of Chain, stud link, iron or steel. Each country is colored based on the difference in exports and imports of Chain, stud link, iron or steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Chain, stud link, iron or steel were China ($167M), Sweden ($7.93M), Germany ($3.86M), Italy ($2.04M), and Chinese Taipei ($722k).

In 2023, the countries that had a largest trade value in imports than in exports of Chain, stud link, iron or steel were Japan ($21.9M), Vietnam ($11.3M), South Korea ($11M), Indonesia ($9.17M), and Chile ($8.95M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Chain, stud link, iron or steel 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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