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Anchors, grapnels and parts thereof, of iron or steel

7316 (Harmonized System 1992 for 4-digit)

2023
World Trade $300MRnk 1101 / 1217
2023
Top Exporter | Top Importer $114M | $42.8MChina | United States
2022 - 2023
Export Growth (CAGR) 4.36%Rnk 268 / 1217
2023
Share of World Trade 0.0013%Rnk 1101 / 1217

About

Overview This page contains the latest trade data of Iron Anchors. In 2023, Iron Anchors were the world's 1101st most traded product, with a total trade of $300M. Between 2022 and 2023 the exports of Iron Anchors grew by 4.36%, from $287M to $300M. Trade in Iron Anchors represent 0.0013% of total world trade.

Iron Anchors are a part of Iron/Steel Articles. They include Anchors, grapnels and parts thereof of iron or steel.

Exports In 2023 the top exporters of Iron Anchors  were China ($114M), Netherlands ($37.2M), Singapore ($23.8M), India ($19.9M), and United States ($12.4M).

Imports In 2023 the top importers of Iron Anchors were United States ($42.8M), Brazil ($20.7M), United Kingdom ($14.6M), Singapore ($14M), and Italy ($13.1M).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Iron Anchors. 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$114M
Top Destination (2023)United States$42.8M

In 2023 Iron Anchors were the world's 1101st most traded product (out of 1,217).

In 2023, the top exporters of Iron Anchors were China ($114M), Netherlands ($37.2M), Singapore ($23.8M), India ($19.9M), and United States ($12.4M).

In 2023, the top importers of Iron Anchors were United States ($42.8M), Brazil ($20.7M), United Kingdom ($14.6M), Singapore ($14M), and Italy ($13.1M).

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Exporters of Iron Anchors (2023)
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Importers of Iron Anchors (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$22M
Top Destination Growth (2022 -  2023)Brazil$18.2M

Between 2022 and 2023, the exports of Iron Anchors grew the fastest in Netherlands ($22M), Singapore ($19.1M), Brazil ($4.13M), France ($3.31M), and United Arab Emirates ($2.26M).

Between 2022 and 2023, the fastest growing importers of Iron Anchors were Brazil ($18.2M), Republic of the Congo ($9.95M), Greece ($6.02M), Saudi Arabia ($3.4M), and Argentina ($3.28M).

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Exporters of Iron Anchors (2022 - 2023)

Importers of Iron Anchors (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Anchors.

In 2023, market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Iron Anchors are explained by 12 countries.

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Value of Exports in Iron Anchors

Net Trade

TOP NET EXPORTER (2023)China$112M
TOP NET IMPORTER (2023)United States$30.4M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron Anchors were China ($112M), Netherlands ($25.2M), India ($17.2M), Singapore ($9.8M), and Germany ($5.14M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Anchors were United States ($30.4M), Brazil ($16.2M), Saudi Arabia ($9.65M), Canada ($9.31M), and Italy ($7.76M).

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 Iron Anchors.
It is possible to select the main countries that export or import Iron Anchors in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Anchors by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $850k
TOP IMPORT POTENTIALVietnam+ $198k

Iron Anchors’s highest export potential is India. With an export gap of $850k.  Iron Anchors’s highest import potential is Vietnam with an import gap of $198k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Iron Anchors to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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