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848420 (Harmonized System 1996 for 6-digit)

2023
World Trade $3.34BRnk 1047 / 4766
2023
Top Exporter | Top Importer $654M | $282MGermany | United States
2023
Product Complexity 1.44Rnk 224 / 4780
2022 - 2023
Export Growth (CAGR) 8.51%Rnk 784 / 4766
2023
Share of World Trade 0.015%Rnk 1047 / 4766

About

Overview This page contains the latest trade data of Mechanical Seals. In 2023, Mechanical Seals were the world's 1047th most traded product, with a total trade of $3.34B. Between 2022 and 2023 the exports of Mechanical Seals grew by 8.51%, from $3.08B to $3.34B. Trade in Mechanical Seals represent 0.015% of total world trade.

Mechanical Seals are a part of Gaskets and similar joints of metal sheeting combined with other material or....

Exports In 2023 the top exporters of Mechanical Seals  were Germany ($654M), United States ($568M), China ($321M), United Kingdom ($193M), and Japan ($169M).

Imports In 2023 the top importers of Mechanical Seals were United States ($282M), Germany ($273M), China ($207M), France ($179M), and Canada ($121M).

Ranking Mechanical Seals ranks 224th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mechanical Seals. 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 (2023)Germany$654M
Top Destination (2023)United States$282M

In 2023 Mechanical Seals were the world's 1047th most traded product (out of 4,766).

In 2023, the top exporters of Mechanical Seals were Germany ($654M), United States ($568M), China ($321M), United Kingdom ($193M), and Japan ($169M).

In 2023, the top importers of Mechanical Seals were United States ($282M), Germany ($273M), China ($207M), France ($179M), and Canada ($121M).

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Exporters of Mechanical Seals (2023)
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Importers of Mechanical Seals (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$75.6M
Top Destination Growth (2022 -  2023)France$40.5M

Between 2022 and 2023, the exports of Mechanical Seals grew the fastest in Germany ($75.6M), United States ($44.9M), France ($22.7M), United Kingdom ($20.9M), and Netherlands ($15.5M).

Between 2022 and 2023, the fastest growing importers of Mechanical Seals were France ($40.5M), Spain ($31.4M), United Arab Emirates ($22.9M), Saudi Arabia ($17.1M), and Malaysia ($13.1M).

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Exporters of Mechanical Seals (2022 - 2023)

Importers of Mechanical Seals (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mechanical Seals.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Mechanical Seals are explained by 19 countries.

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Value of Exports in Mechanical Seals

Net Trade

TOP NET EXPORTER (2023)Germany$380M
TOP NET IMPORTER (2023)Canada$87.2M

This map shows which countries export or import more of Mechanical Seals. Each country is colored based on the difference in exports and imports of Mechanical Seals during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mechanical Seals were Germany ($380M), United States ($287M), China ($114M), Czechia ($95.9M), and United Kingdom ($87M).

In 2023, the countries that had a largest trade value in imports than in exports of Mechanical Seals were Canada ($87.2M), Australia ($64.3M), Brazil ($61.9M), Indonesia ($58.1M), and United Arab Emirates ($54.7M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Mechanical Seals 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 (2023)

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