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2022
Exports $12BWorld Rnk 1 / 224
Flag Rnk 65 / 1216
2022
Destination $479M United States
2021 - 2022
FASTEST GROWING MARKET $479MUnited States
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $2.31BWorld Rnk 4 / 225
Flag Rnk 135 / 1212
2022
Origin $16.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $16.1MCanada
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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 Stelfast (927), CrimsonLogic (136), and Amazon (114) were at the forefront of shipping Iron Fasteners from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Iron Fasteners exports accounted up to $821M and imports accounted up to $218M, resulting in a positive trade balance of $603M. Between July 2023 and July 2024 the exports of China's   Iron Fasteners have increased by $65.9M (8.73%) from $755M to $821M, while imports increased by $8.74M (4.18%) from $209M to $218M.

Destinations In July 2024, Iron Fasteners were exported mostly to United States ($115M), Russia ($43M), Germany ($41.8M), Vietnam ($40.2M), and Mexico ($30.2M), and were imported mostly from Germany ($45.5M), Japan ($41.7M), United States ($34.5M), Chinese Taipei ($24.4M), and Italy ($11.5M).

Growth In July 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 July 2024, the increase in Iron Fasteners's year-by-year imports was explained primarily by an increase in imports from Turkey ($776k or 22.8%), Bulgaria ($650k or 234%), and Liechtenstein ($482k or 186%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$65.9M(8.73%)
IMPORT GROWTH (July 2023 - July 2024)$8.74M(4.18%)
MAIN EXPORTER (July 2024)Zhejiang Province$385M
MAIN DESTINATION (July 2024)United States$115M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$479M (37.6%)
Germany$142M (25.5%)
United Arab Emirates$123M (82.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY China WERE (2021 - 2022):
Russia-$92.8M (-16.2%)
Poland-$43.9M (-18.8%)
Ukraine-$27.3M (-48.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Fasteners were:
Germany $7.11B
Chinese Taipei $6.56B
In 2022, China's main importing competitors in Iron Fasteners were:
United States $7.91B
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 POTENTIALIndia+ $244M
TOP IMPORT POTENTIALUnited States+ $86.4M

Iron Fasteners’s highest export potential is India. With an export gap of $244M.   Iron Fasteners’s highest import potential is United States with an import gap of $86.4M.

See methodology.

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