HS Icon Valves

8481 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Valves. In 2020, Valves were the world's 27th most traded product, with a total trade of $86.5B. Between 2019 and 2020 the exports of Valves N/A by N/A, from $92B to $86.5B. Trade in Valves represent 0.52% of total world trade.

Valves are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. 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 2020 the top exporters of Valves  were China ($16.1B), Germany ($12.8B), United States ($10.5B), Italy ($7.55B), and Japan ($4.77B).

Imports In 2020 the top importers of Valves were United States ($12.5B), China ($7.36B), Germany ($6.4B), France ($3.07B), and Mexico ($2.89B).

Tariffs In 2018 the average tariff for Valves was 6.08%, making it the 698th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Valves are Bahamas (30%), Iran (22.7%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking Valves ranks 76th 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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $16.1B

Top Destination (2020): United States, $12.5B

Valves are the world's 27th most traded product.

In 2020, the top exporters of Valves were China ($16.1B), Germany ($12.8B), United States ($10.5B), Italy ($7.55B), and Japan ($4.77B).

In 2020, the top importers of Valves were United States ($12.5B), China ($7.36B), Germany ($6.4B), France ($3.07B), and Mexico ($2.89B).

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Market Dynamics

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Trade by country

Value

Top Origin Decrease (2019 -  2020): United States, -$1.64B

Top Destination Growth (2019 - 2020): China, $433M

Between 2019 and 2020, the fastest declining exporters of Valves were United States (-$1.64B), Germany (-$1.05B), Italy (-$645M), China (-$525M), and Mexico (-$360M).

Between 2019 and 2020, the fastest growing importers of Valves were China ($433M), United Arab Emirates ($225M), Vietnam ($145M), Chinese Taipei ($139M), and Singapore ($95.8M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Valves are explained by 19 countries.

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TOP NET EXPORTER (2020): China, $8.73B

TOP NET IMPORTER (2020): United States, $2B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Valves were China ($8.73B), Germany ($6.42B), Italy ($5.52B), Japan ($2.64B), and Switzerland ($745M).

In 2020, the countries that had a largest trade value in imports than in exports of Valves were United States ($2B), Canada ($1.98B), Russia ($1.86B), Saudi Arabia ($1.53B), and United Arab Emirates ($1.18B).

Disaggregation

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Value

In 2020, the world most traded Valves, disaggragated by their HS6 level were Taps, cocks, valves and similar appliances,... ($49.8B), Parts of taps, cocks, valves or... ($16B), Valves for oleohydraulic or pneumatic transmissions ($11B), Valves, safety or relief ($4.12B), and Valves, pressure reducing ($2.94B)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.