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731824 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.03BRnk 2166 / 4648
2022
Top Exporter | Top Importer $318M | $132MChina | United States
2022
Product Complexity 0.83Rnk 1063 / 4653
2021 - 2022
Export Growth (CAGR) 12.3%Rnk 1385 / 4648
2022
Share of World Trade 0.0043%Rnk 2166 / 4648

About

Overview This page contains the latest trade data of Cotters and cotter-pins, iron or steel. In 2022, Cotters and cotter-pins, iron or steel were the world's 2166th most traded product, with a total trade of $1.03B. Between 2021 and 2022 the exports of Cotters and cotter-pins, iron or steel grew by 12.3%, from $914M to $1.03B. Trade in Cotters and cotter-pins, iron or steel represent 0.0043% of total world trade.

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

Exports In 2022 the top exporters of Cotters and cotter-pins, iron or steel  were China ($318M), United States ($208M), Japan ($52.4M), Germany ($51.5M), and Chinese Taipei ($49.6M).

Imports In 2022 the top importers of Cotters and cotter-pins, iron or steel were United States ($132M), Mexico ($131M), Germany ($60M), China ($58.8M), and Thailand ($54.4M).

Ranking Cotters and cotter-pins, iron or steel ranks 1063rd 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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Y-AXIS SCALE

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 (2022)China$318M
Top Destination (2022)United States$132M

In 2022 Cotters and cotter-pins, iron or steel were the world's 2166th most traded product (out of 4,648).

In 2022, the top exporters of Cotters and cotter-pins, iron or steel were China ($318M), United States ($208M), Japan ($52.4M), Germany ($51.5M), and Chinese Taipei ($49.6M).

In 2022, the top importers of Cotters and cotter-pins, iron or steel were United States ($132M), Mexico ($131M), Germany ($60M), China ($58.8M), and Thailand ($54.4M).

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Exporters of Cotters and cotter-pins, iron or steel (2022)
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Importers of Cotters and cotter-pins, iron or steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$71.5M
Top Destination Growth (2021 -  2022)United States$35.7M

Between 2021 and 2022, the exports of Cotters and cotter-pins, iron or steel grew the fastest in China ($71.5M), United States ($35.4M), Netherlands ($5.36M), Romania ($4.72M), and Chinese Taipei ($3.72M).

Between 2021 and 2022, the fastest growing importers of Cotters and cotter-pins, iron or steel were United States ($35.7M), Mexico ($29.4M), South Korea ($9.62M), Slovakia ($6.53M), and Canada ($5.62M).

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Exporters of Cotters and cotter-pins, iron or steel (2021 - 2022)

Importers of Cotters and cotter-pins, iron or steel (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Cotters and cotter-pins, iron or steel are explained by 13 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$260M
TOP NET IMPORTER (2022)Mexico$119M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cotters and cotter-pins, iron or steel were China ($260M), United States ($76.1M), Chinese Taipei ($38.4M), Italy ($20.5M), and Japan ($17.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Cotters and cotter-pins, iron or steel were Mexico ($119M), Thailand ($36.8M), Canada ($25.9M), South Korea ($22M), and Peru ($14.6M).

Net Trade (2022)

Country Comparison

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Ranking

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 (2022)

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