2022
Exports
$6.25MWorld Rnk 46 / 171
Flag Rnk 566 / 1208
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$47.9MWorld Rnk 18 / 220
Flag Rnk 499 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $6.25M in Iron Nails, making it the 46th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 566th most exported product in Australia. The main destination of Iron Nails exports from Australia are: Japan ($3.06M), New Zealand ($2.69M), United States ($71.4k), Germany ($70.4k), and China ($62.7k).

The fastest growing export markets for Iron Nails of Australia between 2021 and 2022 were Japan ($1.21M), Germany ($69.6k), and China ($40.7k).

Imports In 2018, Australia imported $47.9M in Iron Nails, becoming the 18th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 499th most imported product in Australia. Australia imports Iron Nails primarily from: China ($30.3M), South Korea ($6.39M), United States ($1.94M), Malaysia ($1.59M), and Chinese Taipei ($1.53M).

The fastest growing import markets in Iron Nails for Australia between 2021 and 2022 were China ($2.34M), United States ($552k), and Austria ($420k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Nails. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$6.25M
IMPORTS (2022)$47.9M
NET TRADE (2022)-$41.7M

In 2022, Australia exported $6.25M in Iron Nails. The main destinations of Australia exports on Iron Nails were Japan ($3.06M), New Zealand ($2.69M), United States ($71.4k), Germany ($70.4k), and China ($62.7k).

In 2022, Australia imported $47.9M in Iron Nails, mainly from China ($30.3M), South Korea ($6.39M), United States ($1.94M), Malaysia ($1.59M), and Chinese Taipei ($1.53M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Japan$1.21M (65.6%)
Germany$69.6k (8.24k%)
China$40.7k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Australia WERE (2021 - 2022):
New Zealand-$637k (-19.1%)
United States-$105k (-59.5%)
Papua New Guinea-$89.5k (-88.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $324k
TOP IMPORT POTENTIALIndia+ $442k

Iron Nails’s highest export potential is United States. With an export gap of $324k.   Iron Nails’s highest import potential is India with an import gap of $442k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with