2022
Exports
$142MWorld Rnk 32 / 224
Flag Rnk 136 / 1208
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$671MWorld Rnk 21 / 225
Flag Rnk 87 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $142M in Iron Fasteners, making it the 32nd largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 136th most exported product in Australia. The main destination of Iron Fasteners exports from Australia are: Indonesia ($34.5M), United States ($23.5M), New Zealand ($17.9M), China ($10.5M), and Papua New Guinea ($7.15M).

The fastest growing export markets for Iron Fasteners of Australia between 2021 and 2022 were United States ($9.79M), Indonesia ($4.86M), and Ghana ($2.67M).

Imports In 2022, Australia imported $671M in Iron Fasteners, becoming the 21st largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 87th most imported product in Australia. Australia imports Iron Fasteners primarily from: China ($317M), Chinese Taipei ($119M), United States ($94.2M), Germany ($30.9M), and Japan ($11.9M).

The fastest growing import markets in Iron Fasteners for Australia between 2021 and 2022 were China ($18.5M), United States ($13.8M), and Chinese Taipei ($13.7M).

COMPANIES In 2023, leading companies such as Tesla (7) and Yokohama Industries (1) were at the forefront of shipping Iron Fasteners from Australia to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Fasteners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$142M
IMPORTS (2022)$671M
NET TRADE (2022)-$529M

In 2022, Australia exported $142M in Iron Fasteners. The main destinations of Australia exports on Iron Fasteners were Indonesia ($34.5M), United States ($23.5M), New Zealand ($17.9M), China ($10.5M), and Papua New Guinea ($7.15M).

In 2022, Australia imported $671M in Iron Fasteners, mainly from China ($317M), Chinese Taipei ($119M), United States ($94.2M), Germany ($30.9M), and Japan ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$9.79M (71.5%)
Indonesia$4.86M (16.4%)
Ghana$2.67M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Australia WERE (2021 - 2022):
China-$4.65M (-30.8%)
New Zealand-$2.37M (-11.7%)
Papua New Guinea-$1.89M (-20.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Iron Fasteners were:
In 2022, Australia's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.3M
TOP IMPORT POTENTIALGermany+ $15.7M

Iron Fasteners’s highest export potential is United States. With an export gap of $12.3M.   Iron Fasteners’s highest import potential is Germany with an import gap of $15.7M.

See methodology.

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