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 decreased by -5.97%, from $92B to $86.5B. Trade in Valves represent 0.52% of total world trade.

Valves are a part of Machinery and appliances. 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.

Explore Latest Trends

Import Tariffs

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In 2018, the average tariff for importing Valves was 6.08%. The countries with the highest tariffs for importing Valves were Bahamas (30%), Iran (22.7%), and Bermuda (25%).

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.