European Union | Imports and Exports | World | Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers and similar articles, of iron or steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" from European Union totalled $ 6.01 billion in 2023. Sales of commodity group 7318 from European Union went up by 12.3% compared to 2022: exports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" went up by $ 662 million (cumulative exports of commodity group 7318 from European Union amounted $5.35 billion in 2022)
Exports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" amounted to 0.218% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 7318 in total exports from European Union increased by 0.004 p.p. compared to 2022 (it was 0.213% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).
Exports of commodity group 7318 amounted to 12.3% of total sales of group "" from European Union in 2023 (the value of exports of commodity group from European Union amounted to $48 billion in 2023). The share of exports of commodity group 7318 in sales of commodity group from European Union lowered by 0.634 p.p. compared to 2022 (it was 13% in 2022, and exports of commodity group from European Union were $41 billion).
Where does European Union export Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel?
Top export destinations of "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" from European Union in 2023:
- USA with a share of 18.9% (1.14 billion US$)
- China with a share of 14.5% (876 million US$)
- United Kingdom with a share of 11.4% (687 million US$)
- Switzerland with a share of 7.66% (461 million US$)
- Mexico with a share of 5.67% (341 million US$)
- Turkey with a share of 5.66% (340 million US$)
- Brazil with a share of 3.63% (219 million US$)
- India with a share of 3.42% (206 million US$)
- Morocco with a share of 2.56% (154 million US$)
- Norway with a share of 2.38% (143 million US$)
Exports structure of 7318 - Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel - from European Union in 2023 represented by the following main commodity groups:
- 45% (2.74 billion US$): 731815 - Iron or steel; threaded screws and bolts n.e.s. in item no. 7318.1, whether or not with their nuts or washers
- 14.2% (859 million US$): 731816 - Nuts of iron/steel
- 10.2% (617 million US$): 731829 - Non-threaded arts. sim. to rivets, cotters and the like, of iron/steel (excl. of 7318.2)
- 8.76% (527 million US$): 731819 - Iron or steel; threaded screws, bolts and nuts n.e.s. in item no. 7318.1
- 6.72% (404 million US$): 731814 - Self-tapping screws of iron/steel
- 4.54% (273 million US$): 731822 - Washers (excl. of 7318.21) of iron/steel
- 3.53% (212 million US$): 731821 - Spring washers & other lock washers, of iron/steel
- 2.13% (128 million US$): 731812 - Wood screws other than coach screws, of iron/steel
- 1.68% (101 million US$): 731824 - Cotters & cotter-pins, of iron/steel
- 1.55% (93 million US$): 731823 - Rivets of iron/steel
The value of imports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" to European Union totalled $ 7.05 billion in 2023. Sales of commodity group 7318 to European Union decreased by 14.7% in value terms compared to 2022. imports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" decreased by $ 1.21 billion (the value of imports of commodity group 7318 to European Union was equal to $8.27 billion in 2022)
Imports of commodity group 7318 "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel" accounted for 0.259% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 7318 in total imports to European Union decreased by 0.013 p.p. compared to 2022 (it was 0.273% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).
Imports of commodity group 7318 reached 19.6% of total imports of group "" to European Union in 2023 (imports of commodity group to European Union totalled $35 billion in 2023). The share of purchases of commodity group 7318 in imports of commodity group to European Union went down by 1.2 p.p. compared to 2022 (it was 20% in 2022, and imports of commodity group to European Union accounted for $39 billion).
Where does European Union import Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel from?
Top trading partners (import of "Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel") of European Union in 2023:
- China with a share of 22% (1.59 billion US$)
- Other Asia, nes with a share of 20% (1.47 billion US$)
- USA with a share of 10.3% (727 million US$)
- Switzerland with a share of 8.42% (594 million US$)
- Turkey with a share of 8.18% (577 million US$)
- United Kingdom with a share of 5.57% (393 million US$)
- India with a share of 5.57% (393 million US$)
- Vietnam with a share of 4.07% (287 million US$)
- Korea with a share of 3.23% (228 million US$)
- Japan with a share of 2.85% (201 million US$)
Imports structure of 7318 - Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel - to European Union in 2023 represented by the following main commodity groups:
- 39% (2.79 billion US$): 731815 - Iron or steel; threaded screws and bolts n.e.s. in item no. 7318.1, whether or not with their nuts or washers
- 16% (1.13 billion US$): 731816 - Nuts of iron/steel
- 11% (781 million US$): 731814 - Self-tapping screws of iron/steel
- 9.21% (650 million US$): 731829 - Non-threaded arts. sim. to rivets, cotters and the like, of iron/steel (excl. of 7318.2)
- 7.4% (522 million US$): 731819 - Iron or steel; threaded screws, bolts and nuts n.e.s. in item no. 7318.1
- 6.52% (460 million US$): 731812 - Wood screws other than coach screws, of iron/steel
- 4.48% (316 million US$): 731822 - Washers (excl. of 7318.21) of iron/steel
- 1.44% (102 million US$): 731821 - Spring washers & other lock washers, of iron/steel
- 1.42% (100 million US$): 731823 - Rivets of iron/steel
- 1.29% (91 million US$): 731824 - Cotters & cotter-pins, of iron/steel
