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Pricing

Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated

7312 (Harmonized System 1992 for 4-digit)

2023
World Trade $8.11BRnk 411 / 1217
2023
Top Exporter | Top Importer $2.52B | $1.17BChina | United States
2023
Product Complexity 0.23Rnk 482 / 1044
2022 - 2023
Export Growth (CAGR) -13.5%Rnk 862 / 1217
2023
Share of World Trade 0.036%Rnk 411 / 1217

About

Overview This page contains the latest trade data of Stranded Iron Wire. In 2023, Stranded Iron Wire were the world's 411th most traded product, with a total trade of $8.11B. Between 2022 and 2023 the exports of Stranded Iron Wire decreased by -13.5%, from $9.38B to $8.11B. Trade in Stranded Iron Wire represent 0.036% of total world trade.

Stranded Iron Wire are a part of Iron/Steel Articles. They include Stranded steel wire/cable/etc, no electric insulation and Plaited bands/etc, iron/steel, no electric insulation.

Exports In 2023 the top exporters of Stranded Iron Wire  were China ($2.52B), South Korea ($535M), Germany ($448M), Vietnam ($443M), and Thailand ($346M).

Imports In 2023 the top importers of Stranded Iron Wire were United States ($1.17B), Germany ($393M), Canada ($299M), India ($267M), and Vietnam ($260M).

Ranking Stranded Iron Wire ranks 482nd in the Product Complexity Index (PCI).

Description Stranded wire is a type of wire that has been twisted together. It's used to make things like ropes, cables, and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Stranded Iron Wire. 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$2.52B
Top Destination (2023)United States$1.17B

In 2023 Stranded Iron Wire were the world's 411th most traded product (out of 1,217).

In 2023, the top exporters of Stranded Iron Wire were China ($2.52B), South Korea ($535M), Germany ($448M), Vietnam ($443M), and Thailand ($346M).

In 2023, the top importers of Stranded Iron Wire were United States ($1.17B), Germany ($393M), Canada ($299M), India ($267M), and Vietnam ($260M).

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Exporters of Stranded Iron Wire (2023)
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Importers of Stranded Iron Wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$23.8M
Top Destination Decrease (2022 -  2023)United States-$515M

Between 2022 and 2023, the exports of Stranded Iron Wire grew the fastest in United States ($23.8M), United Kingdom ($16M), France ($9.1M), Hong Kong ($8.05M), and Switzerland ($6.46M).

Between 2022 and 2023, the fastest declining importers of Stranded Iron Wire were United States (-$515M), Germany (-$85.8M), South Korea (-$72.2M), France (-$55.5M), and Poland (-$55M).

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Exporters of Stranded Iron Wire (2022 - 2023)

Importers of Stranded Iron Wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Stranded Iron Wire.

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Value of Exports in Stranded Iron Wire

Net Trade

TOP NET EXPORTER (2023)China$2.28B
TOP NET IMPORTER (2023)United States$837M

This map shows which countries export or import more of Stranded Iron Wire. Each country is colored based on the difference in exports and imports of Stranded Iron Wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Stranded Iron Wire were China ($2.28B), South Korea ($302M), Vietnam ($183M), Romania ($164M), and Malaysia ($134M).

In 2023, the countries that had a largest trade value in imports than in exports of Stranded Iron Wire were United States ($837M), Canada ($261M), Brazil ($163M), Poland ($141M), and Netherlands ($99M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Stranded Iron Wire, disaggragated by their HS6 level were Stranded steel wire/cable/etc, no electric insulation ($7.63B) and Plaited bands/etc, iron/steel, no electric insulation ($479M)

HS6 Disaggregation for Stranded Iron Wire (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Stranded Iron Wire.
It is possible to select the main countries that export or import Stranded Iron Wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Stranded Iron Wire by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $75.6M
TOP IMPORT POTENTIALVietnam+ $16.3M

Stranded Iron Wire’s highest export potential is India. With an export gap of $75.6M.  Stranded Iron Wire’s highest import potential is Vietnam with an import gap of $16.3M.

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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Stranded Iron Wire.

Country by Relatedness

The following visualization shows the relatedness of Stranded Iron Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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