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731823 (Harmonized System 1992 for 6-digit)

2023
World Trade $807MRnk 2346 / 4644
2023
Top Exporter | Top Importer $150M | $106MChina | Mexico
2023
Product Complexity 1.52Rnk 160 / 4656
2022 - 2023
Export Growth (CAGR) -3.8%Rnk 1948 / 4644
2023
Share of World Trade 0.0036%Rnk 2346 / 4644

About

Overview This page contains the latest trade data of Rivets, iron or steel. In 2023, Rivets, iron or steel were the world's 2346th most traded product, with a total trade of $807M. Between 2022 and 2023 the exports of Rivets, iron or steel decreased by -3.8%, from $839M to $807M. Trade in Rivets, iron or steel represent 0.0036% of total world trade.

Rivets, iron or steel are a part of Iron Fasteners.

Exports In 2023 the top exporters of Rivets, iron or steel  were China ($150M), Germany ($141M), United States ($125M), Chinese Taipei ($50.5M), and Japan ($44.2M).

Imports In 2023 the top importers of Rivets, iron or steel were Mexico ($106M), United States ($77.7M), Germany ($59.8M), China ($40.6M), and India ($33.3M).

Ranking Rivets, iron or steel ranks 160th in the Product Complexity Index (PCI).

Description Rivets are small, metal fasteners that are inserted into holes, typically at the end of a fastener or at the hole where two pieces of metal are to be joined, and then hammered to create a tight connection. Steel rivets are commonly used in the construction of bridges, ships, and other large structures.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rivets, 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)China$150M
Top Destination (2023)Mexico$106M

In 2023 Rivets, iron or steel were the world's 2346th most traded product (out of 4,644).

In 2023, the top exporters of Rivets, iron or steel were China ($150M), Germany ($141M), United States ($125M), Chinese Taipei ($50.5M), and Japan ($44.2M).

In 2023, the top importers of Rivets, iron or steel were Mexico ($106M), United States ($77.7M), Germany ($59.8M), China ($40.6M), and India ($33.3M).

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Exporters of Rivets, iron or steel (2023)
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Importers of Rivets, iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$9.77M
Top Destination Growth (2022 -  2023)India$7.45M

Between 2022 and 2023, the exports of Rivets, iron or steel grew the fastest in Germany ($9.77M), France ($3.71M), Poland ($2.26M), Hong Kong ($1.07M), and Romania ($1.03M).

Between 2022 and 2023, the fastest growing importers of Rivets, iron or steel were India ($7.45M), Slovakia ($5.6M), Romania ($3.82M), Japan ($2.39M), and Russia ($2.19M).

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Exporters of Rivets, iron or steel (2022 - 2023)

Importers of Rivets, iron or steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rivets, iron or steel.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Rivets, iron or steel are explained by 15 countries.

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Value of Exports in Rivets, iron or steel

Net Trade

TOP NET EXPORTER (2023)China$110M
TOP NET IMPORTER (2023)Mexico$104M

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

In 2023, the countries that had a largest trade value in exports than in imports of Rivets, iron or steel were China ($110M), Germany ($81.4M), Chinese Taipei ($48M), United States ($47.3M), and Japan ($33.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Rivets, iron or steel were Mexico ($104M), India ($29.7M), Poland ($24.4M), Slovakia ($24M), and Czechia ($21.9M).

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

Top 10 Exporters Countries of Rivets, 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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