NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

848490 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.36BRnk 1289 / 4644
2023
Top Exporter | Top Importer $469M | $167MGermany | United States
2023
Product Complexity 1.08Rnk 655 / 4656
2022 - 2023
Export Growth (CAGR) 13.8%Rnk 481 / 4644
2023
Share of World Trade 0.01%Rnk 1289 / 4644

About

Overview This page contains the latest trade data of Gasket sets, other joints of similar composition. In 2023, Gasket sets, other joints of similar composition were the world's 1289th most traded product, with a total trade of $2.36B. Between 2022 and 2023 the exports of Gasket sets, other joints of similar composition grew by 13.8%, from $2.07B to $2.36B. Trade in Gasket sets, other joints of similar composition represent 0.01% of total world trade.

Gasket sets, other joints of similar composition are a part of Gaskets.

Exports In 2023 the top exporters of Gasket sets, other joints of similar composition  were Germany ($469M), United States ($435M), China ($165M), Japan ($141M), and Netherlands ($138M).

Imports In 2023 the top importers of Gasket sets, other joints of similar composition were United States ($167M), Germany ($143M), Mexico ($119M), France ($113M), and China ($89.1M).

Ranking Gasket sets, other joints of similar composition ranks 655th in the Product Complexity Index (PCI).

Description Gaskets are used to seal joints in order to prevent the passage of fluids, gases, or vapors. Joints such as flanges, pipes, and valves, are often sealed with gaskets to prevent leakage.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Gasket sets, other joints of similar composition. Countries are shown based on data availability.

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$469M
Top Destination (2023)United States$167M

In 2023 Gasket sets, other joints of similar composition were the world's 1289th most traded product (out of 4,644).

In 2023, the top exporters of Gasket sets, other joints of similar composition were Germany ($469M), United States ($435M), China ($165M), Japan ($141M), and Netherlands ($138M).

In 2023, the top importers of Gasket sets, other joints of similar composition were United States ($167M), Germany ($143M), Mexico ($119M), France ($113M), and China ($89.1M).

Explore Visualizations

Exporters of Gasket sets, other joints of similar composition (2023)
[Click to Select a Country]

Importers of Gasket sets, other joints of similar composition (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$88.4M
Top Destination Growth (2022 -  2023)France$28.3M

Between 2022 and 2023, the exports of Gasket sets, other joints of similar composition grew the fastest in Netherlands ($88.4M), Germany ($52.3M), United States ($38.2M), China ($24.2M), and Italy ($17.7M).

Between 2022 and 2023, the fastest growing importers of Gasket sets, other joints of similar composition were France ($28.3M), Poland ($27.2M), Germany ($22.2M), United Arab Emirates ($18.5M), and Netherlands ($18M).

Explore Visualizations

Exporters of Gasket sets, other joints of similar composition (2022 - 2023)

Importers of Gasket sets, other joints of similar composition (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gasket sets, other joints of similar composition.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Gasket sets, other joints of similar composition are explained by 19 countries.

Explore Visualizations

Value of Exports in Gasket sets, other joints of similar composition

Net Trade

TOP NET EXPORTER (2023)Germany$326M
TOP NET IMPORTER (2023)Mexico$93.1M

This map shows which countries export or import more of Gasket sets, other joints of similar composition. Each country is colored based on the difference in exports and imports of Gasket sets, other joints of similar composition during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gasket sets, other joints of similar composition were Germany ($326M), United States ($268M), Japan ($104M), Italy ($78.1M), and China ($75.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Gasket sets, other joints of similar composition were Mexico ($93.1M), Canada ($65.5M), United Arab Emirates ($54M), Indonesia ($50.2M), and Australia ($45.5M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Gasket sets, other joints of similar composition.
It is possible to select the main countries that export or import Gasket sets, other joints of similar composition in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gasket sets, other joints of similar composition 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms