Overview: In 2018, Valves were the world's 25th most traded product, with a total trade of $92.7B. Between 2017 and 2018 the exports of Valves grew by 10.6%, from $83.8B to $92.7B. Trade in Valves represent 0.5% of total world trade.
Exports: In 2018 the top exporters of Valves were China ($17B), Germany ($14.3B), United States ($10.4B), Italy ($8.27B), and Japan ($5.27B).
Imports: In 2018 the top importers of Valves were United States ($15.2B), China ($7.22B), Germany ($7.17B), Mexico ($3.53B), and France ($3.41B).
Tariffs: In 2018 the average tariff for Valves was 6.27%, been the 669 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Valves are Bahamas (30%), Iran (27.7%), Bermuda (25%), Pakistan (21.6%), and Algeria (21.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).
Ranking: Valves ranks 52nd in the Product Complexity Index (PCI).