731821 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Washers, spring or lock, iron or steel. In 2022, Washers, spring or lock, iron or steel were the world's 2359th most traded product, with a total trade of $870M. Between 2021 and 2022 the exports of Washers, spring or lock, iron or steel grew by 2.54%, from $849M to $870M. Trade in Washers, spring or lock, iron or steel represent 0.0037% of total world trade.

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

Exports In 2022 the top exporters of Washers, spring or lock, iron or steel  were Germany ($246M), China ($111M), United States ($82.2M), Sweden ($62.3M), and Italy ($58.7M).

Imports In 2022 the top importers of Washers, spring or lock, iron or steel were United States ($103M), Germany ($84.8M), China ($58M), Mexico ($54.3M), and France ($39.4M).

Ranking Washers, spring or lock, iron or steel ranks 201st in the Product Complexity Index (PCI).

Description The common use of a washer is to avoid the component or surfaces from metal-to-metal contact. This is typically done by placing a washer beneath a nut or bolt, which helps to distribute the load. A spring or lock washer is typically used to remove axial and radial loads. Steel washers are typically used in a variety of industries, but are most common in the automobile and plumbing industries.

Latest Data

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The following visualization shows the latest trends on Washers, spring or lock, 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 (2022)Germany$246M
Top Destination (2022)United States$103M

In 2022 Washers, spring or lock, iron or steel were the world's 2359th most traded product (out of 4,648).

In 2022, the top exporters of Washers, spring or lock, iron or steel were Germany ($246M), China ($111M), United States ($82.2M), Sweden ($62.3M), and Italy ($58.7M).

In 2022, the top importers of Washers, spring or lock, iron or steel were United States ($103M), Germany ($84.8M), China ($58M), Mexico ($54.3M), and France ($39.4M).

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

Color
Top Origin Growth (2021 -  2022)China$23.7M
Top Destination Growth (2021 -  2022)Mexico$8.59M

Between 2021 and 2022, the exports of Washers, spring or lock, iron or steel grew the fastest in China ($23.7M), United States ($12.6M), Chinese Taipei ($5.15M), United Kingdom ($2.99M), and Belgium ($2.57M).

Between 2021 and 2022, the fastest growing importers of Washers, spring or lock, iron or steel were Mexico ($8.59M), United States ($5.71M), United Kingdom ($5.1M), Canada ($4.17M), and Saudi Arabia ($3.45M).

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

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

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Washers, spring or lock, iron or steel are explained by 15 countries.

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

Net Trade

TOP NET EXPORTER (2022)Germany$162M
TOP NET IMPORTER (2022)Mexico$50.4M

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

In 2022, the countries that had a largest trade value in exports than in imports of Washers, spring or lock, iron or steel were Germany ($162M), China ($53.3M), Sweden ($49.7M), Italy ($28.3M), and Chinese Taipei ($17.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Washers, spring or lock, iron or steel were Mexico ($50.4M), United States ($20.5M), Poland ($19.6M), Romania ($15.8M), and Brazil ($15.4M).

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

Top 10 Exporters Countries of Washers, spring or lock, 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 (2022)

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