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848490 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.98BRnk 1507 / 4648
2022
Top Exporter | Top Importer $445M | $196MGermany | United States
2022
Product Complexity 1.24Rnk 453 / 4653
2021 - 2022
Export Growth (CAGR) 2.07%Rnk 2660 / 4648
2022
Share of World Trade 0.0084%Rnk 1507 / 4648

About

Overview This page contains the latest trade data of Gasket sets, other joints of similar composition. In 2022, Gasket sets, other joints of similar composition were the world's 1507th most traded product, with a total trade of $1.98B. Between 2021 and 2022 the exports of Gasket sets, other joints of similar composition grew by 2.07%, from $1.94B to $1.98B. Trade in Gasket sets, other joints of similar composition represent 0.0084% of total world trade.

Gasket sets, other joints of similar composition are a part of Gaskets.

Exports In 2022 the top exporters of Gasket sets, other joints of similar composition  were Germany ($445M), United States ($320M), China ($136M), France ($114M), and Italy ($103M).

Imports In 2022 the top importers of Gasket sets, other joints of similar composition were United States ($196M), Germany ($122M), Mexico ($87.5M), China ($85M), and Canada ($79.3M).

Ranking Gasket sets, other joints of similar composition ranks 453rd in the Product Complexity Index (PCI).

Description Gaskets are used to seal joints in order to prevent the passage of fluids, gases, or vapors. Joints such as flanges, pipes, and valves, are often sealed with gaskets to prevent leakage.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gasket sets, other joints of similar composition. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$445M
Top Destination (2022)United States$196M

In 2022 Gasket sets, other joints of similar composition were the world's 1507th most traded product (out of 4,648).

In 2022, the top exporters of Gasket sets, other joints of similar composition were Germany ($445M), United States ($320M), China ($136M), France ($114M), and Italy ($103M).

In 2022, the top importers of Gasket sets, other joints of similar composition were United States ($196M), Germany ($122M), Mexico ($87.5M), China ($85M), and Canada ($79.3M).

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Exporters of Gasket sets, other joints of similar composition (2022)
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Importers of Gasket sets, other joints of similar composition (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$31.5M
Top Destination Growth (2021 -  2022)United States$35M

Between 2021 and 2022, the exports of Gasket sets, other joints of similar composition grew the fastest in United States ($31.5M), China ($24.9M), United Arab Emirates ($13.9M), Chinese Taipei ($12.2M), and France ($7.87M).

Between 2021 and 2022, the fastest growing importers of Gasket sets, other joints of similar composition were United States ($35M), Canada ($15.5M), Mexico ($12.3M), Saudi Arabia ($10.2M), and Singapore ($7.88M).

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Exporters of Gasket sets, other joints of similar composition (2021 - 2022)

Importers of Gasket sets, other joints of similar composition (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gasket sets, other joints of similar composition.

In 2022, market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Gasket sets, other joints of similar composition are explained by 19 countries.

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Value of Exports in Gasket sets, other joints of similar composition

Net Trade

TOP NET EXPORTER (2022)Germany$323M
TOP NET IMPORTER (2022)Mexico$70M

This map shows which countries export or import more of Gasket sets, other joints of similar composition. Each country is colored based on the difference in exports and imports of Gasket sets, other joints of similar composition during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Gasket sets, other joints of similar composition were Germany ($323M), United States ($125M), Japan ($78M), Chinese Taipei ($71.2M), and Italy ($55.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Gasket sets, other joints of similar composition were Mexico ($70M), Canada ($67.8M), Saudi Arabia ($41.2M), Australia ($36.5M), and Malaysia ($27.4M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gasket sets, other joints of similar composition.
It is possible to select the main countries that export or import Gasket sets, other joints of similar composition in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gasket sets, other joints of similar composition by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

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