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Chain and parts thereof, of iron or steel

7315 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.01BRnk 487 / 1217
2023
Top Exporter | Top Importer $2.04B | $748MChina | United States
2023
Product Complexity 1.65Rnk 19 / 1044
2022 - 2023
Export Growth (CAGR) -7.62%Rnk 661 / 1217
2023
Share of World Trade 0.027%Rnk 487 / 1217

About

Overview This page contains the latest trade data of Iron Chains. In 2023, Iron Chains were the world's 487th most traded product, with a total trade of $6.01B. Between 2022 and 2023 the exports of Iron Chains decreased by -7.62%, from $6.51B to $6.01B. Trade in Iron Chains represent 0.027% of total world trade.

Iron Chains are a part of Iron/Steel Articles. They include Chain, roller, iron or steel, Chain, articulated link, iron or steel, except roller, Chain, welded link, iron or steel, Chain, iron or steel, nes, Chain parts, articulated link, iron or steel, Chain parts, iron or steel, except articulated link, Chain, skid, iron or steel, and Chain, stud link, iron or steel.

Exports In 2023 the top exporters of Iron Chains  were China ($2.04B), Germany ($895M), Japan ($495M), United States ($353M), and Italy ($317M).

Imports In 2023 the top importers of Iron Chains were United States ($748M), Germany ($394M), Mexico ($264M), Canada ($241M), and Japan ($233M).

Ranking Iron Chains ranks 19th in the Product Complexity Index (PCI).

Description Chain is used to make things like dog collars, and other products. Chain can be made from a variety of materials, including steel, iron, copper, brass, and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron Chains. 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$2.04B
Top Destination (2023)United States$748M

In 2023 Iron Chains were the world's 487th most traded product (out of 1,217).

In 2023, the top exporters of Iron Chains were China ($2.04B), Germany ($895M), Japan ($495M), United States ($353M), and Italy ($317M).

In 2023, the top importers of Iron Chains were United States ($748M), Germany ($394M), Mexico ($264M), Canada ($241M), and Japan ($233M).

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

Color
Top Origin Growth (2022 -  2023)Italy$49.8M
Top Destination Growth (2022 -  2023)Brazil$17.4M

Between 2022 and 2023, the exports of Iron Chains grew the fastest in Italy ($49.8M), Germany ($41.8M), Spain ($40.6M), France ($16.3M), and Greece ($8.11M).

Between 2022 and 2023, the fastest growing importers of Iron Chains were Brazil ($17.4M), Republic of the Congo ($16M), Indonesia ($15.2M), Turkey ($14.2M), and Japan ($14.1M).

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Exporters of Iron Chains (2022 - 2023)

Importers of Iron Chains (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Iron Chains are explained by 14 countries.

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Value of Exports in Iron Chains

Net Trade

TOP NET EXPORTER (2023)China$1.84B
TOP NET IMPORTER (2023)United States$395M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron Chains were China ($1.84B), Germany ($501M), Japan ($262M), Italy ($155M), and Chinese Taipei ($97.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Chains were United States ($395M), Mexico ($215M), Canada ($204M), Brazil ($187M), and Indonesia ($136M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Iron Chains, disaggragated by their HS6 level were Chain, roller, iron or steel ($2.24B), Chain, articulated link, iron or steel,... ($1.14B), Chain, welded link, iron or steel ($846M), Chain parts, articulated link, iron or... ($474M), and Chain, iron or steel, nes ($451M)

HS6 Disaggregation for Iron Chains (2023)
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Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $32M
TOP IMPORT POTENTIALJapan+ $10.7M

Iron Chains’s highest export potential is India. With an export gap of $32M.  Iron Chains’s highest import potential is Japan with an import gap of $10.7M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Iron Chains.

Country by Relatedness

The following visualization shows the relatedness of Iron Chains 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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