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848140 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.8BRnk 767 / 4644
2023
Top Exporter | Top Importer $1.05B | $486MUnited States | United States
2023
Product Complexity 1.08Rnk 664 / 4656
2022 - 2023
Export Growth (CAGR) 1.38%Rnk 1402 / 4644
2023
Share of World Trade 0.021%Rnk 767 / 4644

About

Overview This page contains the latest trade data of Valves, safety or relief. In 2023, Valves, safety or relief were the world's 767th most traded product, with a total trade of $4.8B. Between 2022 and 2023 the exports of Valves, safety or relief grew by 1.38%, from $4.73B to $4.8B. Trade in Valves, safety or relief represent 0.021% of total world trade.

Valves, safety or relief are a part of Valves.

Exports In 2023 the top exporters of Valves, safety or relief  were United States ($1.05B), Germany ($710M), China ($376M), Italy ($345M), and Switzerland ($276M).

Imports In 2023 the top importers of Valves, safety or relief were United States ($486M), China ($417M), Germany ($357M), Mexico ($211M), and Canada ($172M).

Ranking Valves, safety or relief ranks 664th in the Product Complexity Index (PCI).

Description Valves are used to control the flow of gas or liquids in a system. The valve is opened by turning the handle. Safety valves are used to protect the system from bursting by releasing the pressure if it becomes too high. Relief valves are used to protect the system from being over-pressurized.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Valves, safety or relief. 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$1.05B
Top Destination (2023)United States$486M

In 2023 Valves, safety or relief were the world's 767th most traded product (out of 4,644).

In 2023, the top exporters of Valves, safety or relief were United States ($1.05B), Germany ($710M), China ($376M), Italy ($345M), and Switzerland ($276M).

In 2023, the top importers of Valves, safety or relief were United States ($486M), China ($417M), Germany ($357M), Mexico ($211M), and Canada ($172M).

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Exporters of Valves, safety or relief (2023)
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Importers of Valves, safety or relief (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$66.3M
Top Destination Growth (2022 -  2023)United Arab Emirates$59M

Between 2022 and 2023, the exports of Valves, safety or relief grew the fastest in Germany ($66.3M), Singapore ($55.1M), France ($35.1M), United Kingdom ($29M), and Turkey ($11.7M).

Between 2022 and 2023, the fastest growing importers of Valves, safety or relief were United Arab Emirates ($59M), Brazil ($37.1M), Turkey ($29.9M), Angola ($29.4M), and Germany ($28.7M).

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Exporters of Valves, safety or relief (2022 - 2023)

Importers of Valves, safety or relief (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Valves, safety or relief.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Valves, safety or relief are explained by 19 countries.

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Value of Exports in Valves, safety or relief

Net Trade

TOP NET EXPORTER (2023)United States$567M
TOP NET IMPORTER (2023)Saudi Arabia$163M

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

In 2023, the countries that had a largest trade value in exports than in imports of Valves, safety or relief were United States ($567M), Germany ($354M), Italy ($250M), Switzerland ($239M), and United Kingdom ($82.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Valves, safety or relief were Saudi Arabia ($163M), United Arab Emirates ($133M), Brazil ($118M), Canada ($92.4M), and Netherlands ($79.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Valves, safety or relief.
It is possible to select the main countries that export or import Valves, safety or relief in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Valves, safety or relief 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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