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732010 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.11BRnk 1436 / 4648
2022
Top Exporter | Top Importer $507M | $708MMexico | United States
2022
Product Complexity 0.15Rnk 2277 / 4653
2021 - 2022
Export Growth (CAGR) 1.63%Rnk 2733 / 4648
2022
Share of World Trade 0.0089%Rnk 1436 / 4648

About

Overview This page contains the latest trade data of Leaf springs/leaves thereof, iron or steel. In 2022, Leaf springs/leaves thereof, iron or steel were the world's 1436th most traded product, with a total trade of $2.11B. Between 2021 and 2022 the exports of Leaf springs/leaves thereof, iron or steel grew by 1.63%, from $2.08B to $2.11B. Trade in Leaf springs/leaves thereof, iron or steel represent 0.0089% of total world trade.

Leaf springs/leaves thereof, iron or steel are a part of Iron Springs.

Exports In 2022 the top exporters of Leaf springs/leaves thereof, iron or steel  were Mexico ($507M), China ($279M), Germany ($183M), Spain ($112M), and Indonesia ($105M).

Imports In 2022 the top importers of Leaf springs/leaves thereof, iron or steel were United States ($708M), Germany ($135M), Netherlands ($73.1M), Poland ($64M), and Japan ($62.1M).

Ranking Leaf springs/leaves thereof, iron or steel ranks 2277th in the Product Complexity Index (PCI).

Description Leaf springs are used in the front and back of a vehicle to provide support to the chassis and suspension system. Leaf springs are also used in a bed of a truck to distribute weight evenly. These springs are made of iron or steel to provide support and resistance to compression forces.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Leaf springs/leaves thereof, 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)Mexico$507M
Top Destination (2022)United States$708M

In 2022 Leaf springs/leaves thereof, iron or steel were the world's 1436th most traded product (out of 4,648).

In 2022, the top exporters of Leaf springs/leaves thereof, iron or steel were Mexico ($507M), China ($279M), Germany ($183M), Spain ($112M), and Indonesia ($105M).

In 2022, the top importers of Leaf springs/leaves thereof, iron or steel were United States ($708M), Germany ($135M), Netherlands ($73.1M), Poland ($64M), and Japan ($62.1M).

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Exporters of Leaf springs/leaves thereof, iron or steel (2022)
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Importers of Leaf springs/leaves thereof, iron or steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$26.9M
Top Destination Growth (2021 -  2022)Canada$19.5M

Between 2021 and 2022, the exports of Leaf springs/leaves thereof, iron or steel grew the fastest in Mexico ($26.9M), Indonesia ($16.6M), Turkey ($11.5M), United States ($10.9M), and Canada ($10.6M).

Between 2021 and 2022, the fastest growing importers of Leaf springs/leaves thereof, iron or steel were Canada ($19.5M), Mexico ($10.9M), United States ($10.5M), Japan ($8.92M), and Belgium ($8.72M).

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Exporters of Leaf springs/leaves thereof, iron or steel (2021 - 2022)

Importers of Leaf springs/leaves thereof, iron or steel (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Leaf springs/leaves thereof, iron or steel.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Leaf springs/leaves thereof, iron or steel are explained by 18 countries.

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Value of Exports in Leaf springs/leaves thereof, iron or steel

Net Trade

TOP NET EXPORTER (2022)Mexico$450M
TOP NET IMPORTER (2022)United States$631M

This map shows which countries export or import more of Leaf springs/leaves thereof, iron or steel. Each country is colored based on the difference in exports and imports of Leaf springs/leaves thereof, iron or steel during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Leaf springs/leaves thereof, iron or steel were Mexico ($450M), China ($223M), Spain ($87.2M), Indonesia ($83.8M), and Turkey ($72.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Leaf springs/leaves thereof, iron or steel were United States ($631M), Australia ($48.3M), Netherlands ($45.5M), Poland ($44.6M), and United Kingdom ($32.3M).

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 Leaf springs/leaves thereof, iron or steel.
It is possible to select the main countries that export or import Leaf springs/leaves thereof, iron or steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Leaf springs/leaves thereof, 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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