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732010 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.05BRnk 1408 / 4644
2023
Top Exporter | Top Importer $509M | $667MMexico | United States
2023
Product Complexity 0.53Rnk 1613 / 4656
2022 - 2023
Export Growth (CAGR) 2.82%Rnk 1244 / 4644
2023
Share of World Trade 0.0091%Rnk 1408 / 4644

About

Overview This page contains the latest trade data of Leaf springs/leaves thereof, iron or steel. In 2023, Leaf springs/leaves thereof, iron or steel were the world's 1408th most traded product, with a total trade of $2.05B. Between 2022 and 2023 the exports of Leaf springs/leaves thereof, iron or steel grew by 2.82%, from $1.99B to $2.05B. Trade in Leaf springs/leaves thereof, iron or steel represent 0.0091% of total world trade.

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

Exports In 2023 the top exporters of Leaf springs/leaves thereof, iron or steel  were Mexico ($509M), China ($236M), Germany ($175M), Spain ($113M), and Canada ($107M).

Imports In 2023 the top importers of Leaf springs/leaves thereof, iron or steel were United States ($667M), Germany ($158M), Netherlands ($76.8M), Poland ($70.4M), and China ($66.3M).

Ranking Leaf springs/leaves thereof, iron or steel ranks 1613th 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 (2023)Mexico$509M
Top Destination (2023)United States$667M

In 2023 Leaf springs/leaves thereof, iron or steel were the world's 1408th most traded product (out of 4,644).

In 2023, the top exporters of Leaf springs/leaves thereof, iron or steel were Mexico ($509M), China ($236M), Germany ($175M), Spain ($113M), and Canada ($107M).

In 2023, the top importers of Leaf springs/leaves thereof, iron or steel were United States ($667M), Germany ($158M), Netherlands ($76.8M), Poland ($70.4M), and China ($66.3M).

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Exporters of Leaf springs/leaves thereof, iron or steel (2023)
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Importers of Leaf springs/leaves thereof, iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$42.8M
Top Destination Growth (2022 -  2023)Poland$18.7M

Between 2022 and 2023, the exports of Leaf springs/leaves thereof, iron or steel grew the fastest in Mexico ($42.8M), Turkey ($19.1M), Spain ($13.6M), Germany ($12.9M), and Canada ($9.96M).

Between 2022 and 2023, the fastest growing importers of Leaf springs/leaves thereof, iron or steel were Poland ($18.7M), Indonesia ($13.4M), Germany ($12.8M), Canada ($9.37M), and Uzbekistan ($8.89M).

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Exporters of Leaf springs/leaves thereof, iron or steel (2022 - 2023)

Importers of Leaf springs/leaves thereof, iron or steel (2022 - 2023)

Market Concentration

Value

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

In 2023, 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 (2023)Mexico$465M
TOP NET IMPORTER (2023)United States$624M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Leaf springs/leaves thereof, iron or steel were Mexico ($465M), China ($169M), Turkey ($95.3M), Spain ($86.2M), and Indonesia ($69.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Leaf springs/leaves thereof, iron or steel were United States ($624M), Poland ($46M), Australia ($38.3M), United Kingdom ($32.2M), and Netherlands ($29.1M).

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 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 (2023)

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