HS Icon Gas and Liquid Flow Measuring Instruments

Instruments, apparatus for measuring or checking the flow, level, pressure of liquids, gases (e.g. flow meters, heat meters etc), not instruments and apparatus of heading no. 9014, 9015, 9028 or 9032

9026 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Gas and Liquid Flow Measuring Instruments. In 2021, Gas and Liquid Flow Measuring Instruments were the world's 182nd most traded product, with a total trade of $24.7B. Between 2020 and 2021 the exports of Gas and Liquid Flow Measuring Instruments grew by 16.6%, from $21.2B to $24.7B. Trade in Gas and Liquid Flow Measuring Instruments represent 0.12% of total world trade.

Gas and Liquid Flow Measuring Instruments are a part of Optical, photo, & film equipment; medical instruments. They include Equipment to measure or check pressure, Equipment to measure or check liquid flow or level, Parts of equipment to measure or check fluid variable, and Equipment to measure, check gas/liquid properties nes.

Exports In 2021 the top exporters of Gas and Liquid Flow Measuring Instruments  were Germany ($5.18B), United States ($3.5B), China ($2.77B), Japan ($1.37B), and Switzerland ($1.3B).

Imports In 2021 the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.63B), China ($2.46B), Germany ($2.31B), France ($885M), and United Kingdom ($861M).

Tariffs In 2018 the average tariff for Gas and Liquid Flow Measuring Instruments was 3.41%, making it the 1105th lowest tariff using the HS4 product classification.

Ranking Gas and Liquid Flow Measuring Instruments ranks 122nd in the Product Complexity Index (PCI).

Description Flow meters are used to measure the flow of liquids or gases. They can be made from a variety of materials, including metal, plastic, and glass.

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The following visualization shows the latest trends on Gas and Liquid Flow Measuring Instruments. Countries are shown based on data availability.

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $5.18B

Top Destination (2021): United States, $3.63B

Gas and Liquid Flow Measuring Instruments are the world's 182nd most traded product.

In 2021, the top exporters of Gas and Liquid Flow Measuring Instruments were Germany ($5.18B), United States ($3.5B), China ($2.77B), Japan ($1.37B), and Switzerland ($1.3B).

In 2021, the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.63B), China ($2.46B), Germany ($2.31B), France ($885M), and United Kingdom ($861M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $684M

Top Destination Growth (2020 -  2021): United States, $581M

Between 2020 and 2021, the exports of Gas and Liquid Flow Measuring Instruments grew the fastest in China ($684M), Germany ($668M), Japan ($328M), United States ($314M), and Switzerland ($160M).

Between 2020 and 2021, the fastest growing importers of Gas and Liquid Flow Measuring Instruments were United States ($581M), China ($429M), Germany ($424M), Italy ($191M), and Japan ($130M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Gas and Liquid Flow Measuring Instruments.

In 2021, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Gas and Liquid Flow Measuring Instruments are explained by 19 countries.

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TOP NET EXPORTER (2021): Germany, $2.87B

TOP NET IMPORTER (2021): South Korea, $566M

This map shows which countries export or import more of Gas and Liquid Flow Measuring Instruments. Each country is colored based on the difference in exports and imports of Gas and Liquid Flow Measuring Instruments during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Gas and Liquid Flow Measuring Instruments were Germany ($2.87B), Switzerland ($951M), Japan ($636M), China ($305M), and Mexico ($294M).

In 2021, the countries that had a largest trade value in imports than in exports of Gas and Liquid Flow Measuring Instruments were South Korea ($566M), Hong Kong ($384M), Canada ($357M), Brazil ($287M), and Russia ($279M).

Disaggregation

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Value

In 2021, the world most traded Gas and Liquid Flow Measuring Instruments, disaggragated by their HS6 level were Equipment to measure or check pressure ($10B), Equipment to measure or check liquid... ($6.12B), Parts of equipment to measure or... ($4.82B), and Equipment to measure, check gas/liquid properties... ($3.8B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gas and Liquid Flow Measuring Instruments.
It is possible to select the main countries that export or import Gas and Liquid Flow Measuring Instruments in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Gas and Liquid Flow Measuring Instruments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.