Iron Fasteners in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $12B in Iron Fasteners, making it the 1st largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 65th most exported product in China. The main destination of Iron Fasteners exports from China are: United States ($1.75B), Germany ($700M), Mexico ($538M), Vietnam ($480M), and Russia ($479M).

The fastest growing export markets for Iron Fasteners of China between 2021 and 2022 were United States ($479M), Germany ($142M), and United Arab Emirates ($123M).

Imports In 2022, China imported $2.31B in Iron Fasteners, becoming the 4th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 135th most imported product in China. China imports Iron Fasteners primarily from: Germany ($713M), Japan ($616M), United States ($240M), Chinese Taipei ($178M), and South Korea ($98.4M).

The fastest growing import markets in Iron Fasteners for China between 2021 and 2022 were Canada ($16.1M), Poland ($7.62M), and Hungary ($4.36M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (11.9k), COSTCO WHOLESALE COPRORATION (5.05k), and IKEA SUPPLY AG (2.07k) were at the forefront of shipping Iron Fasteners from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Iron Fasteners exports accounted up to $562M and imports accounted up to $168M, resulting in a positive trade balance of $394M. Between February 2023 and February 2024 the exports of China's Iron Fasteners have increased by $75M (15.4%) from $487M to $562M, while imports decreased by $-20.7M (-11%) from $188M to $168M.

Destinations In February 2024, Iron Fasteners were exported mostly to United States ($84.1M), Russia ($32.9M), Germany ($26.4M), Mexico ($19.1M), and Brazil ($18.5M), and were imported mostly from Germany ($39.4M), Japan ($36.1M), United States ($23M), Taiwan ($14.5M), and Italy ($10.3M).

Growth In February 2024, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to India ($11.7M or 33.4%), Philippines ($10.6M or 99.3%), and United Arab Emirates ($10.3M or 50.3%). In February 2024, the decrease in Iron Fasteners's year-by-year imports was explained primarily by a decrease in imports from Japan ($-39.9M or -48.8%), Taiwan ($-10.3M or -36.4%), and United States ($-8.17M or -22.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$75M(15.4%)

IMPORT GROWTH (February 2023 - February 2024)$-20.7M(-11%)

MAIN EXPORTER (February 2024)Zhejiang Province$385M

MAIN DESTINATION (February 2024)United States$84.1M

This section shows Iron Fasteners's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Fasteners over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$12B

IMPORTS (2022)$2.31B

NET TRADE (2022)$9.68B

In 2022, China exported $12B in Iron Fasteners. The main destinations of China exports on Iron Fasteners were United States ($1.75B), Germany ($700M), Mexico ($538M), Vietnam ($480M), and Russia ($479M).

In 2022, China imported $2.31B in Iron Fasteners, mainly from Germany ($713M), Japan ($616M), United States ($240M), Chinese Taipei ($178M), and South Korea ($98.4M).

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