HS Icon Taps, cocks, valves and similar appliances, nes

848180 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $53.4B, Rnk 43 / 4648

2019
Top Exporter | Top Importer
: $11.1B | $7.88B, China | United States

2019
Product Complexity
: 1.13, Rnk 596 / 4826

2018 - 2019
Export Growth (CAGR)
: -0.98%, Rnk 1751 / 4648

2018
Mean Tariff
: 7.52%, Rnk 3008 / 6538

 2019
Share of World Trade
: 0.29%, Rnk 43 / 4648

Overview:  This page contains the latest trade data of Taps, cocks, valves and similar appliances, nes. In 2019, Taps, cocks, valves and similar appliances, nes were the world's 43rd most traded product, with a total trade of $53.4B. Between 2018 and 2019 the exports of Taps, cocks, valves and similar appliances, nes decreased by -0.98%, from  $53.9B to $53.4B. Trade in Taps, cocks, valves and similar appliances, nes represent 0.29% of total world trade.

Exports: In 2019 the top exporters of Taps, cocks, valves and similar appliances, nes  were China ($11.1B), Germany ($7.03B), United States ($6.42B), Italy ($5.42B), and Japan ($2.14B).

Imports: In 2019 the top importers of Taps, cocks, valves and similar appliances, nes were United States ($7.88B), Germany ($3.66B), China ($3.33B), Canada ($2.17B), and United Kingdom ($2.04B).

Tariffs: In 2018 the average tariff for Taps, cocks, valves and similar appliances, nes was 7.52%, making it the 3008th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Taps, cocks, valves and similar appliances, nes are Algeria (35.8%), Iran (31.8%), Pakistan (30.1%), Bermuda (25%), and Zimbabwe (20.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Taps, cocks, valves and similar appliances, nes ranks 596th in the Product Complexity Index (PCI).

Description: These devices regulate the flow of water or gas. A tap is a valve that allows water to flow out of a pipe and a cock is a valve that controls the flow of gas.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $11.1B

Top Destination (2019): United States, $7.88B

Taps, cocks, valves and similar appliances, nes are the world's 43rd most traded product.

In 2019, the top exporters of Taps, cocks, valves and similar appliances, nes were China ($11.1B), Germany ($7.03B), United States ($6.42B), Italy ($5.42B), and Japan ($2.14B).

In 2019, the top importers of Taps, cocks, valves and similar appliances, nes were United States ($7.88B), Germany ($3.66B), China ($3.33B), Canada ($2.17B), and United Kingdom ($2.04B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $105M

Top Destination Growth (2018 - 2019): Russia, $210M

Between 2018 and 2019, the exports of Taps, cocks, valves and similar appliances, nes grew the fastest in India ($105M), United Kingdom ($98.1M), Turkey ($71.3M), Philippines ($64M), and Canada ($51.1M).

Between 2018 and 2019, the fastest growing importers of Taps, cocks, valves and similar appliances, nes were Russia ($210M), Norway ($98.1M), Indonesia ($85.8M), Kazakhstan ($82.4M), and India ($72.9M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Taps, cocks, valves and similar appliances, nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Taps, cocks, valves and similar appliances, nes are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $7.78B

TOP NET IMPORTER (2019): Canada, $1.55B

This map shows which countries export or import more of Taps, cocks, valves and similar appliances, nes. Each country is colored based on the difference in exports and imports of Taps, cocks, valves and similar appliances, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Taps, cocks, valves and similar appliances, nes were China ($7.78B), Italy ($4.33B), Germany ($3.37B), Japan ($1.07B), and Czechia ($635M).

In 2019, the countries that had a largest trade value in imports than in exports of Taps, cocks, valves and similar appliances, nes were Canada ($1.55B), United States ($1.46B), Russia ($1.43B), Saudi Arabia ($1.03B), and Netherlands ($796M).

Import Tariffs

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In 2018, the average tariff for importing Taps, cocks, valves and similar appliances, nes was 7.52%.  The countries with the highest tariffs for importing Taps, cocks, valves and similar appliances, nes were Algeria (35.8%), Iran (31.8%), Pakistan (30.1%), Bermuda (25%), and Zimbabwe (20.5%).

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Product Complexity

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Diversification Frontier

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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.