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848190 (Harmonized System 1992 for 6-digit)

2023
World Trade $20.9BRnk 157 / 4644
2023
Top Exporter | Top Importer $4.91B | $3.84BChina | United States
2023
Product Complexity 1.49Rnk 186 / 4656
2022 - 2023
Export Growth (CAGR) -0.73%Rnk 1623 / 4644
2023
Share of World Trade 0.092%Rnk 157 / 4644

About

Overview This page contains the latest trade data of Parts of taps, cocks, valves or similar appliances. In 2023, Parts of taps, cocks, valves or similar appliances were the world's 157th most traded product, with a total trade of $20.9B. Between 2022 and 2023 the exports of Parts of taps, cocks, valves or similar appliances decreased by -0.73%, from $21B to $20.9B. Trade in Parts of taps, cocks, valves or similar appliances represent 0.092% of total world trade.

Parts of taps, cocks, valves or similar appliances are a part of Valves.

Exports In 2023 the top exporters of Parts of taps, cocks, valves or similar appliances  were China ($4.91B), United States ($2.68B), Germany ($2.32B), Italy ($1.45B), and India ($1.08B).

Imports In 2023 the top importers of Parts of taps, cocks, valves or similar appliances were United States ($3.84B), Germany ($1.68B), Mexico ($1.4B), China ($1.09B), and Japan ($698M).

Ranking Parts of taps, cocks, valves or similar appliances ranks 186th in the Product Complexity Index (PCI).

Description A tap is a valve that controls the flow of liquid, gas or other fluid from a pipe or container. A cock is a valve that controls the flow of liquid or gas from a pipe or container. Valves are a type of device that can be used to create, control, and regulate the flow of a liquid or gas.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of taps, cocks, valves or similar appliances. 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)China$4.91B
Top Destination (2023)United States$3.84B

In 2023 Parts of taps, cocks, valves or similar appliances were the world's 157th most traded product (out of 4,644).

In 2023, the top exporters of Parts of taps, cocks, valves or similar appliances were China ($4.91B), United States ($2.68B), Germany ($2.32B), Italy ($1.45B), and India ($1.08B).

In 2023, the top importers of Parts of taps, cocks, valves or similar appliances were United States ($3.84B), Germany ($1.68B), Mexico ($1.4B), China ($1.09B), and Japan ($698M).

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Exporters of Parts of taps, cocks, valves or similar appliances (2023)
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Importers of Parts of taps, cocks, valves or similar appliances (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$259M
Top Destination Growth (2022 -  2023)United Arab Emirates$153M

Between 2022 and 2023, the exports of Parts of taps, cocks, valves or similar appliances grew the fastest in United States ($259M), France ($96.2M), Singapore ($95.6M), United Kingdom ($74.3M), and Germany ($69.1M).

Between 2022 and 2023, the fastest growing importers of Parts of taps, cocks, valves or similar appliances were United Arab Emirates ($153M), Saudi Arabia ($111M), Mexico ($52.4M), India ($48.7M), and Singapore ($45.7M).

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Exporters of Parts of taps, cocks, valves or similar appliances (2022 - 2023)

Importers of Parts of taps, cocks, valves or similar appliances (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of taps, cocks, valves or similar appliances.

In 2023, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Parts of taps, cocks, valves or similar appliances are explained by 18 countries.

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Value of Exports in Parts of taps, cocks, valves or similar appliances

Net Trade

TOP NET EXPORTER (2023)China$3.82B
TOP NET IMPORTER (2023)United States$1.17B

This map shows which countries export or import more of Parts of taps, cocks, valves or similar appliances. Each country is colored based on the difference in exports and imports of Parts of taps, cocks, valves or similar appliances during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of taps, cocks, valves or similar appliances were China ($3.82B), Italy ($767M), India ($666M), Germany ($639M), and Japan ($281M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of taps, cocks, valves or similar appliances were United States ($1.17B), Mexico ($1.06B), United Arab Emirates ($389M), Saudi Arabia ($323M), and Canada ($317M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Parts of taps, cocks, valves or similar appliances 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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