Overview This page contains the latest trade data of Liquid Pumps. In 2020, Liquid Pumps were the world's 45th most traded product, with a total trade of $61.6B. Between 2019 and 2020 the exports of Liquid Pumps decreased by -8.12%, from $67B to $61.6B. Trade in Liquid Pumps represent 0.37% of total world trade.

Liquid Pumps are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Parts of pumps for liquids, Centrifugal pumps nes, Fuel, lubricating and cooling pumps for motor engines, Rotary positive displacement pumps nes, Reciprocating positive displacement pumps nes, Pumps nes, Pumps fitted, designed to have, a measuring device ne, Pumps dispensing fuel, lubricants in filling stations, Hand pumps not designed to measure flow, and Concrete pumps, among others.

Exports In 2020 the top exporters of Liquid Pumps  were Germany ($10.2B), China ($9.22B), United States ($7.16B), Italy ($4.09B), and Japan ($3.7B).

Imports In 2020 the top importers of Liquid Pumps were United States ($8.88B), Germany ($4.63B), China ($4.53B), Mexico ($2.21B), and Canada ($2.2B).

Ranking Liquid Pumps ranks 105th in the Product Complexity Index (PCI).

Description Pumps are used to move liquids from one place to another. They can be made from a variety of materials, including plastic, metal, and ceramic.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Liquid Pumps. 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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Germany, $10.2B

Top Destination (2020): United States, $8.88B

Liquid Pumps are the world's 45th most traded product.

In 2020, the top exporters of Liquid Pumps were Germany ($10.2B), China ($9.22B), United States ($7.16B), Italy ($4.09B), and Japan ($3.7B).

In 2020, the top importers of Liquid Pumps were United States ($8.88B), Germany ($4.63B), China ($4.53B), Mexico ($2.21B), and Canada ($2.2B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): China, $262M

Top Destination Growth (2019 - 2020): China, $132M

Between 2019 and 2020, the exports of Liquid Pumps grew the fastest in China ($262M), Russia ($73.1M), Denmark ($64.9M), Vietnam ($48.8M), and Saudi Arabia ($42M).

Between 2019 and 2020, the fastest growing importers of Liquid Pumps were China ($132M), United Arab Emirates ($107M), Turkey ($101M), Bahrain ($90.5M), and Oman ($44.1M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Liquid Pumps.

In 2020,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Liquid Pumps are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2020): Germany, $5.54B

TOP NET IMPORTER (2020): United States, $1.72B

This map shows which countries export or import more of Liquid Pumps. Each country is colored based on the difference in exports and imports of Liquid Pumps during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Liquid Pumps were Germany ($5.54B), China ($4.69B), Italy ($2.46B), Japan ($2.3B), and Czechia ($1.08B).

In 2020, the countries that had a largest trade value in imports than in exports of Liquid Pumps were United States ($1.72B), Russia ($1.09B), Canada ($979M), Saudi Arabia ($802M), and Indonesia ($730M).

Disaggregation

#permalink to section
Value

In 2020, the world most traded Liquid Pumps, disaggragated by their HS6 level were Centrifugal pumps nes ($14.4B), Parts of pumps for liquids ($14B), Fuel, lubricating and cooling pumps for... ($11.6B), Reciprocating positive displacement pumps nes ($7.22B), and Rotary positive displacement pumps nes ($6.16B)

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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