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2022
Exports $12.5BWorld Rnk 3 / 224
Flag Rnk 24 / 1217
2022
Destination $333M Canada
2021 - 2022
FASTEST GROWING MARKET $333MCanada
2022
PRODUCT COMPLEXITY IN Valves1.35Rnk 81 / 1025
2022
Imports $16.8BWorld Rnk 1 / 224
Flag Rnk 28 / 1216
2022
Origin $364M China
2021 - 2022
FASTEST GROWING ORIGIN $364MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $12.5B in Valves, making it the 3rd largest exporter of Valves in the world. At the same year, Valves was the 24th most exported product in United States. The main destination of Valves exports from United States are: Canada ($2.33B), Mexico ($2.09B), China ($910M), Germany ($781M), and United Kingdom ($586M).

The fastest growing export markets for Valves of United States between 2021 and 2022 were Canada ($333M), Mexico ($234M), and United Kingdom ($154M).

Imports In 2022, United States imported $16.8B in Valves, becoming the 1st largest importer of Valves in the world. At the same year, Valves was the 28th most imported product in United States. United States imports Valves primarily from: China ($4.64B), Mexico ($2.85B), Germany ($1.42B), Japan ($1.11B), and Chinese Taipei ($977M).

The fastest growing import markets in Valves for United States between 2021 and 2022 were China ($364M), Mexico ($278M), and India ($225M).

COMPANIES In 2023, leading companies such as Robert Bosch (2.21k), Walmart (935), and Danfoss (602) were at the forefront of shipping Valves to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Valves exports accounted up to $1.25B and imports accounted up to $1.55B, resulting in a negative trade balance of $299M. Between August 2023 and August 2024 the exports of United States'   Valves have increased by $85M (7.32%) from $1.16B to $1.25B, while imports increased by $55.4M (3.72%) from $1.49B to $1.55B.

Destinations In August 2024, Valves were exported mostly to Canada ($249M), Mexico ($205M), China ($81M), Germany ($78.3M), and United Kingdom ($58.1M), and were imported mostly from China ($313M), Mexico ($305M), Germany ($135M), Japan ($118M), and Italy ($89.2M).

Growth In August 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Mexico ($55.2M or 36.7%), Canada ($44.7M or 23.5%), and United Kingdom ($12.3M or 36.5%). In August 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Mexico ($31.2M or 14.7%), Japan ($19.4M or 18.6%), and India ($16.2M or 45.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$85M(7.32%)
IMPORT GROWTH (August 2023 - August 2024)$55.4M(3.72%)
MAIN EXPORTER (August 2024)Texas$268M
MAIN DESTINATION (August 2024)Canada$249M

This section shows Valves's exports and imports data at subnational level for United States. 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)$12.5B
IMPORTS (2022)$16.8B
NET TRADE (2022)-$4.39B

In 2022, United States exported $12.5B in Valves. The main destinations of United States exports on Valves were Canada ($2.33B), Mexico ($2.09B), China ($910M), Germany ($781M), and United Kingdom ($586M).

In 2022, United States imported $16.8B in Valves, mainly from China ($4.64B), Mexico ($2.85B), Germany ($1.42B), Japan ($1.11B), and Chinese Taipei ($977M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$333M (16.7%)
Mexico$234M (12.6%)
United Kingdom$154M (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY United States WERE (2021 - 2022):
Russia-$56.3M (-76.3%)
China-$31.8M (-3.38%)
Singapore-$22.1M (-4.93%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Valves were:
China $22.9B
Germany $14.7B
In 2022, United States's main importing competitors in Valves were:
Germany $7.9B
China $7.84B

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $270M
TOP IMPORT POTENTIALGermany+ $405M

Valves’s highest export potential is China. With an export gap of $270M.   Valves’s highest import potential is Germany with an import gap of $405M.

See methodology.

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