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Gaskets and similar joints of metal sheeting combined with other material or of two or more layers of metal; sets or assortments of gaskets and similar joints, dissimilar in composition, put up in pouches, envelopes or similar packings; mechanical seals

8484 (Harmonized System 1992 for 4-digit)

2022
World Trade $4.75BRnk 572 / 1218
2022
Top Exporter | Top Importer $824M | $579MGermany | United States
2022
Product Complexity 1.29Rnk 88 / 1033
2021 - 2022
Export Growth (CAGR) 4.82%Rnk 629 / 1218
2022
Share of World Trade 0.02%Rnk 572 / 1218

About

Overview This page contains the latest trade data of Gaskets. In 2022, Gaskets were the world's 572nd most traded product, with a total trade of $4.75B. Between 2021 and 2022 the exports of Gaskets grew by 4.82%, from $4.53B to $4.75B. Trade in Gaskets represent 0.02% of total world trade.

Gaskets are a part of Machinery, mechanical appliances, & parts. They include Gaskets of metal sheeting, including sandwich type and Gasket sets, other joints of similar composition.

Exports In 2022 the top exporters of Gaskets  were Germany ($824M), United States ($757M), China ($527M), Japan ($397M), and Italy ($202M).

Imports In 2022 the top importers of Gaskets were United States ($579M), China ($299M), Germany ($282M), Mexico ($190M), and Canada ($180M).

Ranking Gaskets ranks 88th in the Product Complexity Index (PCI).

Description Gaskets are used to seal two or more surfaces together. They can be made from a variety of materials, including rubber, plastic, and metal. Gaskets are also used in the production of other goods.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gaskets. 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$824M
Top Destination (2022)United States$579M

In 2022 Gaskets were the world's 572nd most traded product (out of 1,218).

In 2022, the top exporters of Gaskets were Germany ($824M), United States ($757M), China ($527M), Japan ($397M), and Italy ($202M).

In 2022, the top importers of Gaskets were United States ($579M), China ($299M), Germany ($282M), Mexico ($190M), and Canada ($180M).

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Exporters of Gaskets (2022)
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Importers of Gaskets (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$100M
Top Destination Growth (2021 -  2022)United States$79.9M

Between 2021 and 2022, the exports of Gaskets grew the fastest in China ($100M), United States ($77.8M), India ($25M), Chinese Taipei ($23.9M), and United Arab Emirates ($22.4M).

Between 2021 and 2022, the fastest growing importers of Gaskets were United States ($79.9M), Canada ($37.9M), Nigeria ($30.9M), Mexico ($25.4M), and United Kingdom ($23.9M).

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Exporters of Gaskets (2021 - 2022)

Importers of Gaskets (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gaskets.

In 2022, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Gaskets are explained by 20 countries.

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Value of Exports in Gaskets

Net Trade

TOP NET EXPORTER (2022)Germany$542M
TOP NET IMPORTER (2022)Canada$155M

This map shows which countries export or import more of Gaskets. Each country is colored based on the difference in exports and imports of Gaskets during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Gaskets were Germany ($542M), Japan ($303M), China ($228M), United States ($178M), and Chinese Taipei ($136M).

In 2022, the countries that had a largest trade value in imports than in exports of Gaskets were Canada ($155M), Saudi Arabia ($85.5M), Mexico ($78.9M), Brazil ($68.2M), and Australia ($62.3M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Gaskets, disaggragated by their HS6 level were Gaskets of metal sheeting, including sandwich... ($2.76B) and Gasket sets, other joints of similar... ($1.98B)

HS6 Disaggregation for Gaskets (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Gaskets by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $17.8M
TOP IMPORT POTENTIALChina+ $23.6M

Gaskets’s highest export potential is China. With an export gap of $17.8M.  Gaskets’s highest import potential is China with an import gap of $23.6M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Gaskets.

Country by Relatedness

The following visualization shows the relatedness of Gaskets to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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