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2022
Exports $4.84BWorld Rnk 4 / 224
Flag Rnk 75 / 1217
2022
Destination $290M Mexico
2021 - 2022
FASTEST GROWING MARKET $290MCanada
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $7.91BWorld Rnk 1 / 225
Flag Rnk 80 / 1216
2022
Origin $589M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $589MChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $4.84B in Iron Fasteners, making it the 4th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 75th most exported product in United States. The main destination of Iron Fasteners exports from United States are: Mexico ($1.69B), Canada ($1.06B), China ($240M), Germany ($159M), and Brazil ($140M).

The fastest growing export markets for Iron Fasteners of United States between 2021 and 2022 were Canada ($290M), Mexico ($225M), and Germany ($32.6M).

Imports In 2022, United States imported $7.91B in Iron Fasteners, becoming the 1st largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 80th most imported product in United States. United States imports Iron Fasteners primarily from: Chinese Taipei ($2.56B), China ($1.75B), Japan ($597M), Germany ($546M), and Canada ($485M).

The fastest growing import markets in Iron Fasteners for United States between 2021 and 2022 were Chinese Taipei ($589M), China ($479M), and India ($103M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (3.39k), Robert Bosch (1.42k), and Stelfast (1.38k) were at the forefront of shipping Iron Fasteners to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Iron Fasteners exports accounted up to $463M and imports accounted up to $550M, resulting in a negative trade balance of $87.2M. Between June 2023 and June 2024 the exports of United States'   Iron Fasteners have increased by $17.2M (3.86%) from $446M to $463M, while imports increased by $38.2M (7.47%) from $512M to $550M.

Destinations In June 2024, Iron Fasteners were exported mostly to Mexico ($163M), Canada ($111M), China ($18.7M), United Kingdom ($15.1M), and France ($13.1M), and were imported mostly from Chinese Taipei ($184M), China ($104M), Japan ($47.3M), Canada ($34.2M), and Germany ($28.3M).

Growth In June 2024, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to Mexico ($30.4M or 22.9%), Canada ($23.2M or 27.3%), and Netherlands ($2.63M or 110%). In June 2024, the increase in Iron Fasteners's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($19.8M or 9.13%), Italy ($7.02M or 64.5%), and Germany ($6.05M or 23.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$17.2M(3.86%)
IMPORT GROWTH (June 2023 - June 2024)$38.2M(7.47%)
MAIN EXPORTER (June 2024)Texas$87.4M
MAIN DESTINATION (June 2024)Mexico$163M

This section shows Iron Fasteners's exports and imports data at subnational level for United States. 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
EXPORTS (2022)$4.84B
IMPORTS (2022)$7.91B
NET TRADE (2022)-$3.08B

In 2022, United States exported $4.84B in Iron Fasteners. The main destinations of United States exports on Iron Fasteners were Mexico ($1.69B), Canada ($1.06B), China ($240M), Germany ($159M), and Brazil ($140M).

In 2022, United States imported $7.91B in Iron Fasteners, mainly from Chinese Taipei ($2.56B), China ($1.75B), Japan ($597M), Germany ($546M), and Canada ($485M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$290M (37.6%)
Mexico$225M (15.4%)
Germany$32.6M (25.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY United States WERE (2021 - 2022):
China-$18.3M (-7.1%)
South Korea-$15.6M (-14.5%)
Russia-$9.16M (-71.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Iron Fasteners were:
China $12B
Germany $7.11B
Chinese Taipei $6.56B
In 2022, United States's main importing competitors in Iron Fasteners were:
Germany $4.86B
Mexico $2.97B

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $86.4M
TOP IMPORT POTENTIALGermany+ $157M

Iron Fasteners’s highest export potential is China. With an export gap of $86.4M.   Iron Fasteners’s highest import potential is Germany with an import gap of $157M.

See methodology.

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