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Padlocks, locks and keys: top exporters and importers (2024)

In 2024, world trade in padlocks, locks and keys totaled $14.9 billion (1.2 million tonnes). The top exporters were China (33%), Mexico (9%) and Germany (9%); the top importers were the United States (20%), Germany (8%) and Mexico (6%). Compared with 2019, the value rose 12%.

Summary

World trade
$14.9billion
Tonnes
1.2million tonnes
Price per tonne
$12,383
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$5 billion · 33.2%
  2. Mexico$1.4 billion · 9.3%
  3. Germany$1.3 billion · 8.6%
  4. Czechia$681 million · 4.6%
  5. United States$680 million · 4.6%
  6. Taiwan$559 million · 3.8%
  7. Italy$527 million · 3.5%
  8. Spain$381 million · 2.6%
  9. Canada$368 million · 2.5%
  10. Poland$297 million · 2%
  11. South Korea$296 million · 2%
  12. Vietnam$291 million · 2%
  13. Thailand$271 million · 1.8%
  14. France$219 million · 1.5%
  15. Romania$215 million · 1.4%
  16. Portugal$186 million · 1.3%
  17. Turkey$171 million · 1.2%
  18. Japan$156 million · 1.1%
  19. Finland$143 million · 0.96%
  20. Austria$143 million · 0.96%

Top importers

  1. United States$3 billion · 20.3%
  2. Germany$1.2 billion · 7.7%
  3. Mexico$858 million · 5.8%
  4. United Kingdom$568 million · 3.8%
  5. France$526 million · 3.5%
  6. Canada$425 million · 2.9%
  7. Netherlands$359 million · 2.4%
    re-exports
  8. Spain$354 million · 2.4%
  9. Czechia$340 million · 2.3%
  10. China$327 million · 2.2%
  11. Japan$317 million · 2.1%
  12. Poland$314 million · 2.1%
  13. Italy$273 million · 1.8%
  14. Vietnam$259 million · 1.7%
  15. Brazil$246 million · 1.7%
  16. Slovakia$196 million · 1.3%
  17. India$195 million · 1.3%
  18. Turkey$184 million · 1.2%
  19. Sweden$181 million · 1.2%
  20. Russia$179 million · 1.2%

Trend

Who sells it

China has been the top exporter since 2004

Value in USD billions. The five largest exporters in 2024.

  • China 5
  • Mexico 1.4
  • Germany 1.3
  • Czechia 0.68
  • United States 0.68

Source: CEPII BACI

Show the numbers
Country19952024
China0.445
Mexico0.131.4
Germany0.651.3
Czechia0.060.68
United States0.380.68

Price

Implied price

The price per tonne rose 53% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $12,383

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$8,102
1996$8,670
1997$8,567
1998$9,128
1999$8,727
2000$8,922
2001$8,629
2002$7,866
2003$8,835
2004$1,658
2005$9,689
2006$9,784
2007$10,335
2008$11,040
2009$10,301
2010$10,171
2011$11,084
2012$11,085
2013$11,375
2014$11,705
2015$11,472
2016$12,945
2017$11,715
2018$12,376
2019$11,957
2020$11,897
2021$12,182
2022$12,250
2023$12,390
2024$12,383

What it includes

  • 8301 · Padlocks, locks and keys

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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