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Nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper

7317 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.1BRnk 656 / 1217
2023
Top Exporter | Top Importer $1.33B | $1.06BChina | United States
2023
Product Complexity -0.56Rnk 740 / 1044
2022 - 2023
Export Growth (CAGR) -28.5%Rnk 1141 / 1217
2023
Share of World Trade 0.014%Rnk 656 / 1217

About

Overview This page contains the latest trade data of Iron Nails. In 2023, Iron Nails were the world's 656th most traded product, with a total trade of $3.1B. Between 2022 and 2023 the exports of Iron Nails decreased by -28.5%, from $4.34B to $3.1B. Trade in Iron Nails represent 0.014% of total world trade.

Iron Nails are a part of Iron/Steel Articles. They include Nails/staples/etc, iron/steel, not office stationary.

Exports In 2023 the top exporters of Iron Nails  were China ($1.33B), Germany ($112M), Poland ($107M), India ($103M), and Switzerland ($97.7M).

Imports In 2023 the top importers of Iron Nails were United States ($1.06B), Canada ($124M), United Kingdom ($105M), Germany ($99.3M), and Japan ($90.7M).

Ranking Iron Nails ranks 740th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron Nails. 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$1.33B
Top Destination (2023)United States$1.06B

In 2023 Iron Nails were the world's 656th most traded product (out of 1,217).

In 2023, the top exporters of Iron Nails were China ($1.33B), Germany ($112M), Poland ($107M), India ($103M), and Switzerland ($97.7M).

In 2023, the top importers of Iron Nails were United States ($1.06B), Canada ($124M), United Kingdom ($105M), Germany ($99.3M), and Japan ($90.7M).

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

Color
Top Origin Growth (2022 -  2023)Finland$4.18M
Top Destination Growth (2022 -  2023)India$24.8M

Between 2022 and 2023, the exports of Iron Nails grew the fastest in Finland ($4.18M), France ($3.26M), Hong Kong ($2.3M), Singapore ($1.98M), and Latvia ($1.75M).

Between 2022 and 2023, the fastest growing importers of Iron Nails were India ($24.8M), Mozambique ($17M), South Korea ($9.65M), Russia ($9.07M), and Republic of the Congo ($8.69M).

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Exporters of Iron Nails (2022 - 2023)

Importers of Iron Nails (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Iron Nails are explained by 15 countries.

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Value of Exports in Iron Nails

Net Trade

TOP NET EXPORTER (2023)China$1.32B
TOP NET IMPORTER (2023)United States$999M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron Nails were China ($1.32B), Chinese Taipei ($84.5M), Switzerland ($79.2M), Lithuania ($78.6M), and Thailand ($77.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Nails were United States ($999M), United Kingdom ($91.1M), Japan ($77.1M), Canada ($52M), and France ($43.3M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $27.3M
TOP IMPORT POTENTIALMalaysia+ $851k

Iron Nails’s highest export potential is India. With an export gap of $27.3M.  Iron Nails’s highest import potential is Malaysia with an import gap of $851k.

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)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of Iron Nails 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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