Taps, cocks, valves and similar appliances, nes848180 (Harmonized System 1992 for 6-digit)
2020 World Trade: $49.8B, Rnk 44 / 4613
2020 Top Exporter | Top Importer: $11B | $7.02B, China | United States
2020 Product Complexity: 1.04, Rnk 705 / 4783
2019 - 2020 Export Growth (CAGR): -5.36%, Rnk 1876 / 4613
2018 Mean Tariff: 7.19%, Rnk 3157 / 6538
2020 Share of World Trade: 0.3%, Rnk 44 / 4613
Overview This page contains the latest trade data of Taps, cocks, valves and similar appliances, nes. In 2020, Taps, cocks, valves and similar appliances, nes were the world's 44th most traded product, with a total trade of $49.8B. Between 2019 and 2020 the exports of Taps, cocks, valves and similar appliances, nes decreased by -5.36%, from $52.6B to $49.8B. Trade in Taps, cocks, valves and similar appliances, nes represent 0.3% of total world trade.
Taps, cocks, valves and similar appliances, nes are a part of Valves.
Exports In 2020 the top exporters of Taps, cocks, valves and similar appliances, nes were China ($11B), Germany ($6.63B), United States ($5.54B), Italy ($5.04B), and Japan ($2.03B).
Imports In 2020 the top importers of Taps, cocks, valves and similar appliances, nes were United States ($7.02B), Germany ($3.39B), China ($3.36B), France ($1.87B), and Canada ($1.84B).
Tariffs In 2018 the average tariff for Taps, cocks, valves and similar appliances, nes was 7.19%, making it the 3157th lowest tariff using the HS6 product classification.
Ranking Taps, cocks, valves and similar appliances, nes ranks 705th in the Product Complexity Index (PCI).
Description These devices regulate the flow of water or gas. A tap is a valve that allows water to flow out of a pipe and a cock is a valve that controls the flow of gas.
The following visualization shows the latest trends on Taps, cocks, valves and similar appliances, nes. 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.
Trade By Country
Top Origin (2020): China, $11B
Top Destination (2020): United States, $7.02B
Taps, cocks, valves and similar appliances, nes are the world's 44th most traded product.
In 2020, the top exporters of Taps, cocks, valves and similar appliances, nes were China ($11B), Germany ($6.63B), United States ($5.54B), Italy ($5.04B), and Japan ($2.03B).
In 2020, the top importers of Taps, cocks, valves and similar appliances, nes were United States ($7.02B), Germany ($3.39B), China ($3.36B), France ($1.87B), and Canada ($1.84B).
Trade by country
Top Origin Growth (2019 - 2020): Singapore, $119M
Top Destination Growth (2019 - 2020): United Arab Emirates, $250M
Between 2019 and 2020, the exports of Taps, cocks, valves and similar appliances, nes grew the fastest in Singapore ($119M), Philippines ($73.8M), Malaysia ($48.3M), Norway ($32.2M), and Israel ($27.3M).
Between 2019 and 2020, the fastest growing importers of Taps, cocks, valves and similar appliances, nes were United Arab Emirates ($250M), Vietnam ($127M), Chinese Taipei ($92.9M), Brunei ($77.5M), and Bahrain ($71.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Taps, cocks, valves and similar appliances, nes.
TOP NET EXPORTER (2020): China, $7.6B
TOP NET IMPORTER (2020): United States, $1.48B
This map shows which countries export or import more of Taps, cocks, valves and similar appliances, nes. Each country is colored based on the difference in exports and imports of Taps, cocks, valves and similar appliances, nes during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Taps, cocks, valves and similar appliances, nes were China ($7.6B), Italy ($4.02B), Germany ($3.24B), Japan ($1.02B), and Czechia ($579M).
In 2020, the countries that had a largest trade value in imports than in exports of Taps, cocks, valves and similar appliances, nes were United States ($1.48B), Canada ($1.37B), Russia ($1.36B), Saudi Arabia ($1.09B), and United Arab Emirates ($880M).
This visualization shows the countries that have an important ratio of their trade related to Taps, cocks, valves and similar appliances, nes. It is possible to select the main countries that export or import Taps, cocks, valves and similar appliances, nes in the world, or by continent, as well as select the measure of interest.
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.
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