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841370 (Harmonized System 1992 for 6-digit)

2023
World Trade $17.2BRnk 193 / 4644
2023
Top Exporter | Top Importer $4.09B | $1.88BChina | United States
2023
Product Complexity 1.14Rnk 563 / 4656
2022 - 2023
Export Growth (CAGR) 5.09%Rnk 1033 / 4644
2023
Share of World Trade 0.076%Rnk 193 / 4644

About

Overview This page contains the latest trade data of Centrifugal pumps nes. In 2023, Centrifugal pumps nes were the world's 193rd most traded product, with a total trade of $17.2B. Between 2022 and 2023 the exports of Centrifugal pumps nes grew by 5.09%, from $16.4B to $17.2B. Trade in Centrifugal pumps nes represent 0.076% of total world trade.

Centrifugal pumps nes are a part of Liquid Pumps.

Exports In 2023 the top exporters of Centrifugal pumps nes  were China ($4.09B), Germany ($1.92B), Italy ($1.33B), United States ($1.21B), and France ($852M).

Imports In 2023 the top importers of Centrifugal pumps nes were United States ($1.88B), Germany ($1.03B), China ($759M), Netherlands ($610M), and Canada ($541M).

Ranking Centrifugal pumps nes ranks 563rd in the Product Complexity Index (PCI).

Description Centrifugal pumps are used in both liquid and gas systems to move fluids. They are used in a wide variety of applications in industry, agriculture, medicine, and sewage treatment.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Centrifugal pumps nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$4.09B
Top Destination (2023)United States$1.88B

In 2023 Centrifugal pumps nes were the world's 193rd most traded product (out of 4,644).

In 2023, the top exporters of Centrifugal pumps nes were China ($4.09B), Germany ($1.92B), Italy ($1.33B), United States ($1.21B), and France ($852M).

In 2023, the top importers of Centrifugal pumps nes were United States ($1.88B), Germany ($1.03B), China ($759M), Netherlands ($610M), and Canada ($541M).

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Exporters of Centrifugal pumps nes (2023)
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Importers of Centrifugal pumps nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$309M
Top Destination Growth (2022 -  2023)South Korea$143M

Between 2022 and 2023, the exports of Centrifugal pumps nes grew the fastest in China ($309M), Japan ($105M), Germany ($89.6M), Italy ($86.2M), and Turkey ($47.4M).

Between 2022 and 2023, the fastest growing importers of Centrifugal pumps nes were South Korea ($143M), Egypt ($107M), Iraq ($98.5M), Singapore ($96.3M), and Turkey ($85.1M).

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Exporters of Centrifugal pumps nes (2022 - 2023)

Importers of Centrifugal pumps nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Centrifugal pumps nes.

In 2023, market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Centrifugal pumps nes are explained by 20 countries.

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Value of Exports in Centrifugal pumps nes

Net Trade

This map shows which countries export or import more of Centrifugal pumps nes. Each country is colored based on the difference in exports and imports of Centrifugal pumps nes during 2023.

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Centrifugal pumps nes.
It is possible to select the main countries that export or import Centrifugal pumps nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Centrifugal pumps nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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