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848110 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.83BRnk 929 / 4644
2023
Top Exporter | Top Importer $522M | $559MUnited States | United States
2023
Product Complexity 1.29Rnk 350 / 4656
2022 - 2023
Export Growth (CAGR) 0.078%Rnk 1542 / 4644
2023
Share of World Trade 0.017%Rnk 929 / 4644

About

Overview This page contains the latest trade data of Valves, pressure reducing. In 2023, Valves, pressure reducing were the world's 929th most traded product, with a total trade of $3.83B. Between 2022 and 2023 the exports of Valves, pressure reducing grew by 0.078%, from $3.83B to $3.83B. Trade in Valves, pressure reducing represent 0.017% of total world trade.

Valves, pressure reducing are a part of Valves.

Exports In 2023 the top exporters of Valves, pressure reducing  were United States ($522M), Germany ($500M), China ($466M), Italy ($387M), and Mexico ($263M).

Imports In 2023 the top importers of Valves, pressure reducing were United States ($559M), China ($288M), Germany ($282M), United Kingdom ($179M), and Canada ($143M).

Ranking Valves, pressure reducing ranks 350th in the Product Complexity Index (PCI).

Description Valves can be used to control the flow of water and gas, or to regulate pressure. Pressure reducing valves are used to reduce the pressure of gas.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Valves, pressure reducing. 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)United States$522M
Top Destination (2023)United States$559M

In 2023 Valves, pressure reducing were the world's 929th most traded product (out of 4,644).

In 2023, the top exporters of Valves, pressure reducing were United States ($522M), Germany ($500M), China ($466M), Italy ($387M), and Mexico ($263M).

In 2023, the top importers of Valves, pressure reducing were United States ($559M), China ($288M), Germany ($282M), United Kingdom ($179M), and Canada ($143M).

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Exporters of Valves, pressure reducing (2023)
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Importers of Valves, pressure reducing (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$27.3M
Top Destination Growth (2022 -  2023)United Kingdom$25.8M

Between 2022 and 2023, the exports of Valves, pressure reducing grew the fastest in France ($27.3M), Czechia ($26.7M), Canada ($23.9M), Germany ($19.9M), and South Korea ($16.6M).

Between 2022 and 2023, the fastest growing importers of Valves, pressure reducing were United Kingdom ($25.8M), Brazil ($21.4M), Indonesia ($20.4M), Germany ($15.2M), and Singapore ($14.8M).

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Exporters of Valves, pressure reducing (2022 - 2023)

Importers of Valves, pressure reducing (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Valves, pressure reducing.

In 2023, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Valves, pressure reducing are explained by 21 countries.

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Value of Exports in Valves, pressure reducing

Net Trade

TOP NET EXPORTER (2023)Italy$311M
TOP NET IMPORTER (2023)Canada$89.9M

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

In 2023, the countries that had a largest trade value in exports than in imports of Valves, pressure reducing were Italy ($311M), Germany ($218M), China ($178M), Mexico ($150M), and South Korea ($85.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Valves, pressure reducing were Canada ($89.9M), Chinese Taipei ($76M), Brazil ($66.3M), United Kingdom ($59.5M), and United Arab Emirates ($52.8M).

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 Valves, pressure reducing.
It is possible to select the main countries that export or import Valves, pressure reducing in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Valves, pressure reducing 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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