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731821 (Harmonized System 1992 for 6-digit)

2023
World Trade $945MRnk 2173 / 4644
2023
Top Exporter | Top Importer $255M | $86.5MGermany | Germany
2023
Product Complexity 1.37Rnk 270 / 4656
2022 - 2023
Export Growth (CAGR) 1.16%Rnk 1423 / 4644
2023
Share of World Trade 0.0042%Rnk 2173 / 4644

About

Overview This page contains the latest trade data of Washers, spring or lock, iron or steel. In 2023, Washers, spring or lock, iron or steel were the world's 2173rd most traded product, with a total trade of $945M. Between 2022 and 2023 the exports of Washers, spring or lock, iron or steel grew by 1.16%, from $934M to $945M. Trade in Washers, spring or lock, iron or steel represent 0.0042% of total world trade.

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

Exports In 2023 the top exporters of Washers, spring or lock, iron or steel  were Germany ($255M), China ($106M), United States ($105M), Sweden ($66.3M), and Italy ($65.5M).

Imports In 2023 the top importers of Washers, spring or lock, iron or steel were Germany ($86.5M), United States ($82.5M), Mexico ($74.4M), China ($54.8M), and France ($46.2M).

Ranking Washers, spring or lock, iron or steel ranks 270th 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 Trends

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 (2023)Germany$255M
Top Destination (2023)Germany$86.5M

In 2023 Washers, spring or lock, iron or steel were the world's 2173rd most traded product (out of 4,644).

In 2023, the top exporters of Washers, spring or lock, iron or steel were Germany ($255M), China ($106M), United States ($105M), Sweden ($66.3M), and Italy ($65.5M).

In 2023, the top importers of Washers, spring or lock, iron or steel were Germany ($86.5M), United States ($82.5M), Mexico ($74.4M), China ($54.8M), and France ($46.2M).

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Exporters of Washers, spring or lock, iron or steel (2023)
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Importers of Washers, spring or lock, iron or steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$25.6M
Top Destination Growth (2022 -  2023)Mexico$9.81M

Between 2022 and 2023, the exports of Washers, spring or lock, iron or steel grew the fastest in Germany ($25.6M), United States ($12M), South Korea ($3.79M), Belgium ($2.55M), and Turkey ($2.09M).

Between 2022 and 2023, the fastest growing importers of Washers, spring or lock, iron or steel were Mexico ($9.81M), Spain ($8.74M), Italy ($5.3M), Hungary ($3.19M), and France ($3.16M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.99. 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 (2023)Germany$169M
TOP NET IMPORTER (2023)Mexico$69.4M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Washers, spring or lock, iron or steel were Germany ($169M), Sweden ($52.6M), China ($51.2M), Italy ($29M), and United States ($22.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Washers, spring or lock, iron or steel were Mexico ($69.4M), Austria ($29.1M), Poland ($22.8M), Hungary ($21.8M), and Romania ($20.2M).

Net Trade (2023)

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 (2023)

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