Valves8481 (Harmonized System 1992 for 4-digit)
2021 World Trade: $102B, Rnk 28 / 1217
2021 Top Exporter | Top Importer: $20.8B | $15.1B, China | United States
2021 Product Complexity: 1.33, Rnk 84 / 1024
2020 - 2021 Export Growth (CAGR): 17.3%, Rnk 766 / 1217
2018 Mean Tariff: 6.08%, Rnk 698 / 1259
2021 Share of World Trade: 0.0048%, Rnk 28 / 1217
Overview This page contains the latest trade data of Valves. In 2021, Valves were the world's 28th most traded product, with a total trade of $102B. Between 2020 and 2021 the exports of Valves grew by 17.3%, from $86.7B to $102B. Trade in Valves represent 0.0048% of total world trade.
Valves are a part of Machinery, mechanical appliances, & parts. They include Taps, cocks, valves and similar appliances, nes, Parts of taps, cocks, valves or similar appliances, Valves for oleohydraulic or pneumatic transmissions, Valves, safety or relief, Valves, pressure reducing, and Valves, check.
Exports In 2021 the top exporters of Valves were China ($20.8B), Germany ($15.3B), United States ($11.1B), Italy ($8.95B), and Japan ($5.66B).
Imports In 2021 the top importers of Valves were United States ($15.1B), China ($8.6B), Germany ($7.89B), France ($3.9B), and United Kingdom ($3.41B).
Tariffs In 2018 the average tariff for Valves was 6.08%, making it the 698th lowest tariff using the HS4 product classification.
Ranking Valves ranks 84th in the Product Complexity Index (PCI).
Description Taps, cocks, valves and similar appliances for pipes are used to control the flow of water or other liquids. They can be made from a variety of materials, including steel, brass, copper, and plastic.
The following visualization shows the latest trends on Valves. 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 (2021): China, $20.8B
Top Destination (2021): United States, $15.1B
Valves are the world's 28th most traded product.
In 2021, the top exporters of Valves were China ($20.8B), Germany ($15.3B), United States ($11.1B), Italy ($8.95B), and Japan ($5.66B).
In 2021, the top importers of Valves were United States ($15.1B), China ($8.6B), Germany ($7.89B), France ($3.9B), and United Kingdom ($3.41B).
Trade by country
Top Origin Growth (2020 - 2021): China, $4.62B
Top Destination Growth (2020 - 2021): United States, $2.52B
Between 2020 and 2021, the exports of Valves grew the fastest in China ($4.62B), Germany ($2.44B), Italy ($1.38B), Japan ($906M), and United States ($572M).
Between 2020 and 2021, the fastest growing importers of Valves were United States ($2.52B), Germany ($1.49B), China ($1.25B), France ($814M), and United Kingdom ($605M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Valves.
In 2021, market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Valves are explained by 19 countries.
TOP NET EXPORTER (2021): China, $12.2B
TOP NET IMPORTER (2021): United States, $4B
This map shows which countries export or import more of Valves. Each country is colored based on the difference in exports and imports of Valves during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Valves were China ($12.2B), Germany ($7.37B), Italy ($6.37B), Japan ($3.36B), and Switzerland ($991M).
In 2021, the countries that had a largest trade value in imports than in exports of Valves were United States ($4B), Canada ($2.21B), Russia ($2.07B), Saudi Arabia ($1.59B), and Australia ($1.21B).
In 2021, the world most traded Valves, disaggragated by their HS6 level were Taps, cocks, valves and similar appliances,... ($58.1B), Parts of taps, cocks, valves or... ($19.1B), Valves for oleohydraulic or pneumatic transmissions ($13.3B), Valves, safety or relief ($4.56B), and Valves, pressure reducing ($3.48B)
This visualization shows the countries that have an important ratio of their trade related to Valves. It is possible to select the main countries that export or import Valves 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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