Valves in United States | The Observatory of Economic Complexity

About

Exports In 2023, United States exported $13.6B 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: Mexico ($2.05B), Canada ($2.01B), China ($1B), Germany ($879M), and United Kingdom ($798M).

The fastest growing export markets for Valves of United States between 2022 and 2023 were Mexico ($159M), United Arab Emirates ($121M), and United Kingdom ($112M).

Imports In 2023, United States imported $16.7B in Valves, becoming the 1st largest importer of Valves in the world. At the same year, Valves was the 29th most imported product in United States. United States imports Valves primarily from: China ($3.54B), Mexico ($3.25B), Germany ($1.51B), Italy ($1.05B), and Japan ($933M).

The fastest growing import markets in Valves for United States between 2022 and 2023 were Mexico ($226M), Canada ($63.8M), and United Kingdom ($53.5M).

COMPANIES In 2023, leading companies such as Robert Bosch (2.23k), Walmart (935), and Danfoss (602) were at the forefront of shipping Valves to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Valves exports accounted up to $1.17B and imports accounted up to $1.44B, resulting in a negative trade balance of $276M. Between November 2023 and November 2024 the exports of United States' Valves have increased by $72.4M (6.6%) from $1.1B to $1.17B, while imports increased by $35M (2.48%) from $1.41B to $1.44B.

Destinations In November 2024, Valves were exported mostly to Canada ($201M), Mexico ($194M), China ($76.5M), Germany ($69.5M), and United Kingdom ($48.7M), and were imported mostly from Mexico ($301M), China ($268M), Germany ($113M), Japan ($109M), and Italy ($74.3M).

Growth In November 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 November 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$72.4M(6.6%)

IMPORT GROWTH (November 2023 - November 2024)$35M(2.48%)

MAIN EXPORTER (November 2024)Texas$268M

MAIN DESTINATION (November 2024)Canada$201M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$13.6B

IMPORTS (2023)$16.7B

NET TRADE (2023)-$3.09B

In 2023, United States exported $13.6B in Valves. The main destinations of United States exports on Valves were Mexico ($2.05B), Canada ($2.01B), China ($1B), Germany ($879M), and United Kingdom ($798M).

In 2023, United States imported $16.7B in Valves, mainly from China ($3.54B), Mexico ($3.25B), Germany ($1.51B), Italy ($1.05B), and Japan ($933M).

Explore Visualizations