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Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves

8481 (Harmonized System 1992 for 4-digit)

2023
World Trade $108BRnk 28 / 1217
2023
Top Exporter | Top Importer $20.5B | $16.7BChina | United States
2023
Product Complexity 1.35Rnk 77 / 1044
2022 - 2023
Export Growth (CAGR) 1.18%Rnk 365 / 1217
2023
Share of World Trade 0.48%Rnk 28 / 1217

About

Overview This page contains the latest trade data of Valves. In 2023, Valves were the world's 28th most traded product, with a total trade of $108B. Between 2022 and 2023 the exports of Valves grew by 1.18%, from $107B to $108B. Trade in Valves represent 0.48% 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 2023 the top exporters of Valves  were China ($20.5B), Germany ($14.7B), United States ($13.6B), Italy ($9.17B), and Japan ($4.91B).

Imports In 2023 the top importers of Valves were United States ($16.7B), China ($8B), Germany ($7.83B), Mexico ($4.23B), and France ($3.79B).

Ranking Valves ranks 77th 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.

Latest Trends

Latest Data

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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.

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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$20.5B
Top Destination (2023)United States$16.7B

In 2023 Valves were the world's 28th most traded product (out of 1,217).

In 2023, the top exporters of Valves were China ($20.5B), Germany ($14.7B), United States ($13.6B), Italy ($9.17B), and Japan ($4.91B).

In 2023, the top importers of Valves were United States ($16.7B), China ($8B), Germany ($7.83B), Mexico ($4.23B), and France ($3.79B).

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Exporters of Valves (2023)
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Importers of Valves (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$779M
Top Destination Growth (2022 -  2023)Vietnam$516M

Between 2022 and 2023, the exports of Valves grew the fastest in United States ($779M), Philippines ($755M), Germany ($469M), Italy ($358M), and France ($351M).

Between 2022 and 2023, the fastest growing importers of Valves were Vietnam ($516M), United Arab Emirates ($488M), Saudi Arabia ($413M), Turkey ($335M), and Mexico ($205M).

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Exporters of Valves (2022 - 2023)

Importers of Valves (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Valves.

In 2023, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Valves are explained by 20 countries.

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Value of Exports in Valves

Net Trade

TOP NET EXPORTER (2023)China$12.5B
TOP NET IMPORTER (2023)United States$3.09B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Valves were China ($12.5B), Germany ($6.84B), Italy ($6.3B), Japan ($2.36B), and Switzerland ($900M).

In 2023, the countries that had a largest trade value in imports than in exports of Valves were United States ($3.09B), Canada ($2.54B), Saudi Arabia ($1.82B), Russia ($1.71B), and United Arab Emirates ($1.62B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Valves, disaggragated by their HS6 level were Taps, cocks, valves and similar appliances,... ($60.7B), Parts of taps, cocks, valves or... ($20.9B), Valves for oleohydraulic or pneumatic transmissions ($14.1B), Valves, safety or relief ($4.8B), and Valves, pressure reducing ($3.83B)

HS6 Disaggregation for Valves (2023)
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Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Valves by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $466M
TOP IMPORT POTENTIALUnited States+ $270M

Valves’s highest export potential is India. With an export gap of $466M.  Valves’s highest import potential is United States with an import gap of $270M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Valves.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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