NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

731822 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.58BRnk 1209 / 4644
2023
Top Exporter | Top Importer $539M | $312MChina | United States
2023
Product Complexity 1.33Rnk 305 / 4656
2022 - 2023
Export Growth (CAGR) -12.1%Rnk 2937 / 4644
2023
Share of World Trade 0.011%Rnk 1209 / 4644

About

Overview This page contains the latest trade data of Washers, iron or steel, except spring/lock. In 2023, Washers, iron or steel, except spring/lock were the world's 1209th most traded product, with a total trade of $2.58B. Between 2022 and 2023 the exports of Washers, iron or steel, except spring/lock decreased by -12.1%, from $2.93B to $2.58B. 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 2023 the top exporters of Washers, iron or steel, except spring/lock  were China ($539M), United States ($386M), Germany ($356M), Japan ($261M), and Chinese Taipei ($119M).

Imports In 2023 the top importers of Washers, iron or steel, except spring/lock were United States ($312M), Germany ($204M), Mexico ($200M), China ($176M), and Thailand ($116M).

Ranking Washers, iron or steel, except spring/lock ranks 305th 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

View
Flow
Y-AXIS SCALE

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.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$539M
Top Destination (2023)United States$312M

In 2023 Washers, iron or steel, except spring/lock were the world's 1209th most traded product (out of 4,644).

In 2023, the top exporters of Washers, iron or steel, except spring/lock were China ($539M), United States ($386M), Germany ($356M), Japan ($261M), and Chinese Taipei ($119M).

In 2023, the top importers of Washers, iron or steel, except spring/lock were United States ($312M), Germany ($204M), Mexico ($200M), China ($176M), and Thailand ($116M).

Explore Visualizations

Exporters of Washers, iron or steel, except spring/lock (2023)
[Click to Select a Country]

Importers of Washers, iron or steel, except spring/lock (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$17.1M
Top Destination Growth (2022 -  2023)United Kingdom$13.2M

Between 2022 and 2023, the exports of Washers, iron or steel, except spring/lock grew the fastest in Germany ($17.1M), France ($15M), Bosnia and Herzegovina ($11.9M), Turkey ($3.76M), and Poland ($2.66M).

Between 2022 and 2023, the fastest growing importers of Washers, iron or steel, except spring/lock were United Kingdom ($13.2M), Czechia ($8.25M), Saudi Arabia ($5.6M), Philippines ($5.5M), and Kazakhstan ($4.71M).

Explore Visualizations

Exporters of Washers, iron or steel, except spring/lock (2022 - 2023)

Importers of Washers, iron or steel, except spring/lock (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Washers, iron or steel, except spring/lock are explained by 16 countries.

Explore Visualizations

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

Net Trade

TOP NET EXPORTER (2023)China$363M
TOP NET IMPORTER (2023)Mexico$186M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Washers, iron or steel, except spring/lock were China ($363M), Japan ($211M), Germany ($152M), Chinese Taipei ($109M), and United States ($73.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Washers, iron or steel, except spring/lock were Mexico ($186M), Thailand ($95.4M), Canada ($73.4M), Poland ($57.4M), and Czechia ($53.5M).

Net Trade (2023)

Country Comparison

Flow
Measure
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 (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms