Overview: This page contains the latest trade data of Valves. In 2019, Valves were the world's 28th most traded product, with a total trade of $93.3B. Between 2018 and 2019 the exports of Valves decreased by -1.48%, from $94.7B to $93.3B. Trade in Valves represent 0.52% of total world trade.
Exports: In 2019 the top exporters of Valves were China ($16.5B), Germany ($14.1B), United States ($12.2B), Italy ($8.21B), and Japan ($4.96B).
Imports: In 2019 the top importers of Valves were United States ($14.5B), China ($7.04B), Germany ($6.88B), France ($3.46B), and United Kingdom ($3.44B).
Tariffs: In 2018 the average tariff for Valves was 6.27%, making it the 669th 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 55th 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.