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Pricing

Tanks, casks, drums, cans, boxes and similar containers, for any material (excluding compressed or liquefied gas), of iron or steel, capacity not exceeding 300l, whether or not lined or heat-insulated

7310 (Harmonized System 1992 for 4-digit)

2022
World Trade $8.12BRnk 429 / 1218
2022
Top Exporter | Top Importer $1.34B | $628MChina | Germany
2022
Product Complexity 0.017Rnk 547 / 1033
2021 - 2022
Export Growth (CAGR) 13.5%Rnk 314 / 1218
2022
Share of World Trade 0.034%Rnk 429 / 1218

About

Overview This page contains the latest trade data of Small Iron Containers. In 2022, Small Iron Containers were the world's 429th most traded product, with a total trade of $8.12B. Between 2021 and 2022 the exports of Small Iron Containers grew by 13.5%, from $7.15B to $8.12B. Trade in Small Iron Containers represent 0.034% of total world trade.

Small Iron Containers are a part of Iron or steel articles. They include Cans, iron/steel, capacity <50l closed by crimp/solde, Cans, iron or steel, capacity <50 litres nes, and Tank, cask or container, iron/steel, capacity 50-300l.

Exports In 2022 the top exporters of Small Iron Containers  were China ($1.34B), United States ($820M), Germany ($735M), Italy ($536M), and Spain ($447M).

Imports In 2022 the top importers of Small Iron Containers were Germany ($628M), United States ($610M), France ($566M), Canada ($498M), and Netherlands ($462M).

Ranking Small Iron Containers ranks 547th in the Product Complexity Index (PCI).

Description Tanks, casks, drums, cans, boxes and similar containers are used to store liquids. They can be made from a variety of materials, including steel and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Small Iron Containers. 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$1.34B
Top Destination (2022)Germany$628M

In 2022 Small Iron Containers were the world's 429th most traded product (out of 1,218).

In 2022, the top exporters of Small Iron Containers were China ($1.34B), United States ($820M), Germany ($735M), Italy ($536M), and Spain ($447M).

In 2022, the top importers of Small Iron Containers were Germany ($628M), United States ($610M), France ($566M), Canada ($498M), and Netherlands ($462M).

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Exporters of Small Iron Containers (2022)
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Importers of Small Iron Containers (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$184M
Top Destination Growth (2021 -  2022)Netherlands$101M

Between 2021 and 2022, the exports of Small Iron Containers grew the fastest in United States ($184M), China ($151M), Belgium ($69.4M), Spain ($62.4M), and Germany ($59M).

Between 2021 and 2022, the fastest growing importers of Small Iron Containers were Netherlands ($101M), Mexico ($90.3M), Canada ($74.4M), Poland ($62.7M), and France ($58.6M).

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Exporters of Small Iron Containers (2021 - 2022)

Importers of Small Iron Containers (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Small Iron Containers.

In 2022, market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Small Iron Containers are explained by 28 countries.

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Value of Exports in Small Iron Containers

Net Trade

TOP NET EXPORTER (2022)China$1.16B
TOP NET IMPORTER (2022)Canada$420M

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

In 2022, the countries that had a largest trade value in exports than in imports of Small Iron Containers were China ($1.16B), Italy ($421M), Spain ($274M), United States ($210M), and Turkey ($205M).

In 2022, the countries that had a largest trade value in imports than in exports of Small Iron Containers were Canada ($420M), France ($292M), Belgium ($291M), Mexico ($178M), and United Kingdom ($156M).

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 Small Iron Containers.
It is possible to select the main countries that export or import Small Iron Containers in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Small Iron Containers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $6.94M
TOP IMPORT POTENTIALCanada+ $15M

Small Iron Containers’s highest export potential is China. With an export gap of $6.94M.  Small Iron Containers’s highest import potential is Canada with an import gap of $15M.

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 (2022)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of Small Iron Containers 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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