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731824 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.07BRnk 2041 / 4644
2023
Top Exporter | Top Importer $251M | $169MChina | Mexico
2023
Product Complexity 1.43Rnk 215 / 4656
2022 - 2023
Export Growth (CAGR) -8.26%Rnk 2504 / 4644
2023
Share of World Trade 0.0047%Rnk 2041 / 4644

About

Overview This page contains the latest trade data of Cotters and cotter-pins, iron or steel. In 2023, Cotters and cotter-pins, iron or steel were the world's 2041st most traded product, with a total trade of $1.07B. Between 2022 and 2023 the exports of Cotters and cotter-pins, iron or steel decreased by -8.26%, from $1.16B to $1.07B. Trade in Cotters and cotter-pins, iron or steel represent 0.0047% of total world trade.

Cotters and cotter-pins, iron or steel are a part of Iron Fasteners.

Exports In 2023 the top exporters of Cotters and cotter-pins, iron or steel  were China ($251M), United States ($228M), Japan ($110M), Germany ($97.3M), and France ($41.6M).

Imports In 2023 the top importers of Cotters and cotter-pins, iron or steel were Mexico ($169M), China ($91M), United States ($77.9M), Thailand ($54.2M), and South Korea ($51.4M).

Ranking Cotters and cotter-pins, iron or steel ranks 215th in the Product Complexity Index (PCI).

Description Cotters are used to attach the wheel to the axle of a wheel so the wheel will spin with the axle. Cotter pins have a head on one end for a hammer, and a rounded shape on the other end. Cotter pins are used to keep the cotter tight on the axle so the wheel will spin properly.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cotters and cotter-pins, 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$251M
Top Destination (2023)Mexico$169M

In 2023 Cotters and cotter-pins, iron or steel were the world's 2041st most traded product (out of 4,644).

In 2023, the top exporters of Cotters and cotter-pins, iron or steel were China ($251M), United States ($228M), Japan ($110M), Germany ($97.3M), and France ($41.6M).

In 2023, the top importers of Cotters and cotter-pins, iron or steel were Mexico ($169M), China ($91M), United States ($77.9M), Thailand ($54.2M), and South Korea ($51.4M).

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Exporters of Cotters and cotter-pins, iron or steel (2023)
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Importers of Cotters and cotter-pins, iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$6.11M
Top Destination Growth (2022 -  2023)South Korea$41.5M

Between 2022 and 2023, the exports of Cotters and cotter-pins, iron or steel grew the fastest in France ($6.11M), Czechia ($3.47M), South Korea ($3.33M), United Arab Emirates ($3.02M), and Turkey ($1.56M).

Between 2022 and 2023, the fastest growing importers of Cotters and cotter-pins, iron or steel were South Korea ($41.5M), Russia ($6.76M), Spain ($5.73M), Sweden ($2.5M), and Netherlands ($2.16M).

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Exporters of Cotters and cotter-pins, iron or steel (2022 - 2023)

Importers of Cotters and cotter-pins, iron or steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cotters and cotter-pins, iron or steel.

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Cotters and cotter-pins, iron or steel are explained by 14 countries.

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Value of Exports in Cotters and cotter-pins, iron or steel

Net Trade

TOP NET EXPORTER (2023)China$160M
TOP NET IMPORTER (2023)Mexico$162M

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

In 2023, the countries that had a largest trade value in exports than in imports of Cotters and cotter-pins, iron or steel were China ($160M), United States ($150M), Japan ($96.2M), Germany ($52.2M), and Italy ($19.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Cotters and cotter-pins, iron or steel were Mexico ($162M), Thailand ($42.9M), Canada ($22.6M), Peru ($22.4M), and South Korea ($20.2M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Cotters and cotter-pins, 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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