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731822 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.67BRnk 1231 / 4648
2022
Top Exporter | Top Importer $762M | $431MChina | United States
2022
Product Complexity 1.28Rnk 388 / 4653
2021 - 2022
Export Growth (CAGR) 13.7%Rnk 1232 / 4648
2022
Share of World Trade 0.011%Rnk 1231 / 4648

About

Overview This page contains the latest trade data of Washers, iron or steel, except spring/lock. In 2022, Washers, iron or steel, except spring/lock were the world's 1231st most traded product, with a total trade of $2.67B. Between 2021 and 2022 the exports of Washers, iron or steel, except spring/lock grew by 13.7%, from $2.35B to $2.67B. Trade in Washers, iron or steel, except spring/lock represent 0.011% of total world trade.

Washers, iron or steel, except spring/lock are a part of Iron Fasteners.

Exports In 2022 the top exporters of Washers, iron or steel, except spring/lock  were China ($762M), United States ($332M), Germany ($318M), Japan ($244M), and Chinese Taipei ($138M).

Imports In 2022 the top importers of Washers, iron or steel, except spring/lock were United States ($431M), Germany ($208M), Mexico ($183M), China ($167M), and Canada ($112M).

Ranking Washers, iron or steel, except spring/lock ranks 388th in the Product Complexity Index (PCI).

Description Washers are round metal rings with a hole in the center. They are used to distribute the load of a screw or bolt and help prevent the screw or bolt from loosening. They are also used to seal pipes or other surfaces. Steel is an alloy of iron and carbon that is used to make tools and other items. It is also used to make springs or lock washers.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Washers, iron or steel, except spring/lock. 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$762M
Top Destination (2022)United States$431M

In 2022 Washers, iron or steel, except spring/lock were the world's 1231st most traded product (out of 4,648).

In 2022, the top exporters of Washers, iron or steel, except spring/lock were China ($762M), United States ($332M), Germany ($318M), Japan ($244M), and Chinese Taipei ($138M).

In 2022, the top importers of Washers, iron or steel, except spring/lock were United States ($431M), Germany ($208M), Mexico ($183M), China ($167M), and Canada ($112M).

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Exporters of Washers, iron or steel, except spring/lock (2022)
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Importers of Washers, iron or steel, except spring/lock (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$173M
Top Destination Growth (2021 -  2022)United States$78M

Between 2021 and 2022, the exports of Washers, iron or steel, except spring/lock grew the fastest in China ($173M), United States ($57.1M), India ($23.8M), Canada ($19.3M), and United Kingdom ($18.6M).

Between 2021 and 2022, the fastest growing importers of Washers, iron or steel, except spring/lock were United States ($78M), Mexico ($32.3M), United Arab Emirates ($25.7M), Canada ($23.1M), and Germany ($23.1M).

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Exporters of Washers, iron or steel, except spring/lock (2021 - 2022)

Importers of Washers, iron or steel, except spring/lock (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Washers, iron or steel, except spring/lock.

In 2022, market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Washers, iron or steel, except spring/lock are explained by 14 countries.

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Value of Exports in Washers, iron or steel, except spring/lock

Net Trade

TOP NET EXPORTER (2022)China$596M
TOP NET IMPORTER (2022)Mexico$157M

This map shows which countries export or import more of Washers, iron or steel, except spring/lock. Each country is colored based on the difference in exports and imports of Washers, iron or steel, except spring/lock during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Washers, iron or steel, except spring/lock were China ($596M), Japan ($176M), Chinese Taipei ($124M), Germany ($110M), and India ($44.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Washers, iron or steel, except spring/lock were Mexico ($157M), United States ($99.2M), Canada ($76M), Poland ($48.7M), and Thailand ($48.6M).

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

Top 10 Exporters Countries of Washers, iron or steel, except spring/lock 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 (2022)

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