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Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel

7318 (Harmonized System 1992 for 4-digit)

2022
World Trade $51.7BRnk 89 / 1218
2022
Top Exporter | Top Importer $12B | $7.91BChina | United States
2022
Product Complexity 1.66Rnk 26 / 1033
2021 - 2022
Export Growth (CAGR) 11.6%Rnk 365 / 1218
2022
Share of World Trade 0.22%Rnk 89 / 1218

About

Overview This page contains the latest trade data of Iron Fasteners. In 2022, Iron Fasteners were the world's 89th most traded product, with a total trade of $51.7B. Between 2021 and 2022 the exports of Iron Fasteners grew by 11.6%, from $46.3B to $51.7B. Trade in Iron Fasteners represent 0.22% of total world trade.

Iron Fasteners are a part of Iron/Steel Articles. They include Iron/Steel Bolts & Screws (n.e.s., w/ or w/o Nuts & Washers), Nuts, iron or steel, Non-threaded articles of iron or steel, nes, Screws, self-tapping, iron or steel, Threaded Articles (Iron/Steel, excl. Screws, Nuts, Bolts), Washers, iron or steel, except spring/lock, Screws, wood, iron or steel, except coach screws, Rivets, iron or steel, Washers, spring or lock, iron or steel, and Cotters and cotter-pins, iron or steel, among others.

Exports In 2022 the top exporters of Iron Fasteners  were China ($12B), Germany ($7.11B), Chinese Taipei ($6.56B), United States ($4.84B), and Japan ($2.73B).

Imports In 2022 the top importers of Iron Fasteners were United States ($7.91B), Germany ($4.86B), Mexico ($2.97B), China ($2.31B), and Canada ($1.94B).

Ranking Iron Fasteners ranks 26th in the Product Complexity Index (PCI).

Description Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers and similar articles are used to fasten objects together. They can be made from a variety of materials including iron or steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron Fasteners. 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$12B
Top Destination (2022)United States$7.91B

In 2022 Iron Fasteners were the world's 89th most traded product (out of 1,218).

In 2022, the top exporters of Iron Fasteners were China ($12B), Germany ($7.11B), Chinese Taipei ($6.56B), United States ($4.84B), and Japan ($2.73B).

In 2022, the top importers of Iron Fasteners were United States ($7.91B), Germany ($4.86B), Mexico ($2.97B), China ($2.31B), and Canada ($1.94B).

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Exporters of Iron Fasteners (2022)
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Importers of Iron Fasteners (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$2.28B
Top Destination Growth (2021 -  2022)United States$1.51B

Between 2021 and 2022, the exports of Iron Fasteners grew the fastest in China ($2.28B), Chinese Taipei ($1.05B), United States ($777M), Poland ($275M), and India ($216M).

Between 2021 and 2022, the fastest growing importers of Iron Fasteners were United States ($1.51B), Germany ($499M), Canada ($467M), Mexico ($311M), and Malaysia ($183M).

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Exporters of Iron Fasteners (2021 - 2022)

Importers of Iron Fasteners (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Iron Fasteners are explained by 16 countries.

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Value of Exports in Iron Fasteners

Net Trade

TOP NET EXPORTER (2022)China$9.68B
TOP NET IMPORTER (2022)United States$3.08B

This map shows which countries export or import more of Iron Fasteners. Each country is colored based on the difference in exports and imports of Iron Fasteners during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron Fasteners were China ($9.68B), Chinese Taipei ($6.37B), Germany ($2.25B), Japan ($1.62B), and Italy ($936M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron Fasteners were United States ($3.08B), Mexico ($2.69B), Canada ($1.3B), Poland ($772M), and Brazil ($762M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Iron Fasteners, disaggragated by their HS6 level were Iron/Steel Bolts & Screws (n.e.s., w/... ($23.7B), Nuts, iron or steel ($8B), Screws, self-tapping, iron or steel ($4.85B), Non-threaded articles of iron or steel,... ($3.93B), and Threaded Articles (Iron/Steel, excl. Screws, Nuts,... ($3.61B)

HS6 Disaggregation for Iron Fasteners (2022)
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Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $244M
TOP IMPORT POTENTIALUnited States+ $86.4M

Iron Fasteners’s highest export potential is India. With an export gap of $244M.  Iron Fasteners’s highest import potential is United States with an import gap of $86.4M.

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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 (2022)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2022)

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