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2022
Exports $22.9BWorld Rnk 1 / 224
Flag Rnk 29 / 1216
2022
Destination $364M United States
2021 - 2022
FASTEST GROWING MARKET $364MUnited States
2022
PRODUCT COMPLEXITY IN Valves1.35Rnk 81 / 1025
2022
Imports $7.84BWorld Rnk 3 / 224
Flag Rnk 44 / 1212
2022
Origin $82.9M Germany
2021 - 2022
FASTEST GROWING ORIGIN $82.9MUnited Kingdom
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $22.9B in Valves, making it the 1st largest exporter of Valves in the world. At the same year, Valves was the 29th most exported product in China. The main destination of Valves exports from China are: United States ($4.64B), Germany ($1.2B), Russia ($1.04B), Japan ($853M), and Mexico ($832M).

The fastest growing export markets for Valves of China between 2021 and 2022 were United States ($364M), Russia ($225M), and Indonesia ($201M).

Imports In 2022, China imported $7.84B in Valves, becoming the 3rd largest importer of Valves in the world. At the same year, Valves was the 44th most imported product in China. China imports Valves primarily from: Germany ($1.67B), Japan ($1.62B), United States ($910M), Italy ($549M), and South Korea ($444M).

The fastest growing import markets in Valves for China between 2021 and 2022 were United Kingdom ($82.9M), Singapore ($64.5M), and Switzerland ($52.7M).

COMPANIES In 2023, leading companies such as Walmart (935), Victaulic (164), and Danfoss (111) were at the forefront of shipping Valves from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Valves exports accounted up to $2B and imports accounted up to $786M, resulting in a positive trade balance of $1.21B. Between October 2023 and October 2024 the exports of China's   Valves have increased by $371M (22.7%) from $1.63B to $2B, while imports increased by $75.1M (10.6%) from $711M to $786M.

Destinations In October 2024, Valves were exported mostly to United States ($311M), Russia ($148M), Germany ($82.6M), Indonesia ($62.7M), and United Kingdom ($61.5M), and were imported mostly from Germany ($163M), Japan ($115M), United States ($95.4M), South Korea ($58.2M), and Italy ($51.4M).

Growth In October 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Russia ($21.9M or 21.9%), Turkey ($11.5M or 50.5%), and United Arab Emirates ($10.2M or 26.4%). In October 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Singapore ($8.46M or 95%), Austria ($1.68M or 28.5%), and Denmark ($1.57M or 28.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$371M(22.7%)
IMPORT GROWTH (October 2023 - October 2024)$75.1M(10.6%)
MAIN EXPORTER (October 2024)Zhejiang Province$911M
MAIN DESTINATION (October 2024)United States$311M

This section shows Valves's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.9B
IMPORTS (2022)$7.84B
NET TRADE (2022)$15B

In 2022, China exported $22.9B in Valves. The main destinations of China exports on Valves were United States ($4.64B), Germany ($1.2B), Russia ($1.04B), Japan ($853M), and Mexico ($832M).

In 2022, China imported $7.84B in Valves, mainly from Germany ($1.67B), Japan ($1.62B), United States ($910M), Italy ($549M), and South Korea ($444M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$364M (8.51%)
Russia$225M (27.5%)
Indonesia$201M (54.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY China WERE (2021 - 2022):
Nigeria-$98.7M (-48.9%)
Ukraine-$64.8M (-55.4%)
Hong Kong-$34.7M (-12.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Valves were:
Germany $14.7B
United States $12.5B
In 2022, China's main importing competitors in Valves were:
United States $16.8B
Germany $7.9B

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $466M
TOP IMPORT POTENTIALUnited States+ $270M

Valves’s highest export potential is India. With an export gap of $466M.   Valves’s highest import potential is United States with an import gap of $270M.

See methodology.

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