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732020 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.82BRnk 931 / 4644
2023
Top Exporter | Top Importer $827M | $484MGermany | United States
2023
Product Complexity 1.4Rnk 244 / 4656
2022 - 2023
Export Growth (CAGR) 0.34%Rnk 1518 / 4644
2023
Share of World Trade 0.017%Rnk 931 / 4644

About

Overview This page contains the latest trade data of Springs, helical, iron or steel. In 2023, Springs, helical, iron or steel were the world's 931st most traded product, with a total trade of $3.82B. Between 2022 and 2023 the exports of Springs, helical, iron or steel grew by 0.34%, from $3.81B to $3.82B. Trade in Springs, helical, iron or steel represent 0.017% of total world trade.

Springs, helical, iron or steel are a part of Iron Springs.

Exports In 2023 the top exporters of Springs, helical, iron or steel  were Germany ($827M), United States ($552M), China ($424M), Mexico ($236M), and Japan ($215M).

Imports In 2023 the top importers of Springs, helical, iron or steel were United States ($484M), Mexico ($462M), Germany ($336M), China ($227M), and Poland ($178M).

Ranking Springs, helical, iron or steel ranks 244th in the Product Complexity Index (PCI).

Description Springs are a mechanical device for storing energy. They can be used in power transmission, like a spring being used to create a tug. They can be used for damping or for producing a particular force. They are also used as an emergency brake and in a car's suspension. Helical springs are a machine part that increase the force of a machine. They do this by converting the force from one direction to another. Iron or steel springs are metal that is hammered to form a spring.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Springs, helical, 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)Germany$827M
Top Destination (2023)United States$484M

In 2023 Springs, helical, iron or steel were the world's 931st most traded product (out of 4,644).

In 2023, the top exporters of Springs, helical, iron or steel were Germany ($827M), United States ($552M), China ($424M), Mexico ($236M), and Japan ($215M).

In 2023, the top importers of Springs, helical, iron or steel were United States ($484M), Mexico ($462M), Germany ($336M), China ($227M), and Poland ($178M).

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

Color
Top Origin Growth (2022 -  2023)Germany$58.6M
Top Destination Growth (2022 -  2023)Germany$25.7M

Between 2022 and 2023, the exports of Springs, helical, iron or steel grew the fastest in Germany ($58.6M), France ($20.9M), Spain ($18.6M), Czechia ($16.5M), and Italy ($15.7M).

Between 2022 and 2023, the fastest growing importers of Springs, helical, iron or steel were Germany ($25.7M), Turkey ($24.4M), United Kingdom ($18.1M), India ($16.4M), and Kuwait ($14.5M).

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Exporters of Springs, helical, iron or steel (2022 - 2023)

Importers of Springs, helical, iron or steel (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Springs, helical, iron or steel are explained by 17 countries.

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Value of Exports in Springs, helical, iron or steel

Net Trade

TOP NET EXPORTER (2023)Germany$490M
TOP NET IMPORTER (2023)Mexico$226M

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

In 2023, the countries that had a largest trade value in exports than in imports of Springs, helical, iron or steel were Germany ($490M), China ($198M), Japan ($169M), United States ($67.9M), and Switzerland ($60.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Springs, helical, iron or steel were Mexico ($226M), Canada ($86M), Slovakia ($83.5M), Romania ($62.6M), and Poland ($46.9M).

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

Top 10 Exporters Countries of Springs, helical, 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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