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.