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

Gaskets and similar joints of metal sheeting combined with other material or of two or more layers of metal; sets or assortments of gaskets and similar joints, dissimilar in composition, put up in pouches, envelopes or similar packings; mechanical seals

8484 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.35BRnk 515 / 1217
2023
Top Exporter | Top Importer $933M | $500MUnited States | United States
2023
Product Complexity 1.49Rnk 47 / 1044
2022 - 2023
Export Growth (CAGR) 9.64%Rnk 165 / 1217
2023
Share of World Trade 0.024%Rnk 515 / 1217

About

Overview This page contains the latest trade data of Gaskets. In 2023, Gaskets were the world's 515th most traded product, with a total trade of $5.35B. Between 2022 and 2023 the exports of Gaskets grew by 9.64%, from $4.88B to $5.35B. Trade in Gaskets represent 0.024% of total world trade.

Gaskets are a part of Machinery, mechanical appliances, & parts. They include Gaskets of metal sheeting, including sandwich type and Gasket sets, other joints of similar composition.

Exports In 2023 the top exporters of Gaskets  were United States ($933M), Germany ($929M), China ($516M), Japan ($422M), and Italy ($242M).

Imports In 2023 the top importers of Gaskets were United States ($500M), Germany ($317M), China ($299M), Mexico ($237M), and France ($223M).

Ranking Gaskets ranks 47th in the Product Complexity Index (PCI).

Description Gaskets are used to seal two or more surfaces together. They can be made from a variety of materials, including rubber, plastic, and metal. Gaskets are also used in the production of other goods.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Gaskets. 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)United States$933M
Top Destination (2023)United States$500M

In 2023 Gaskets were the world's 515th most traded product (out of 1,217).

In 2023, the top exporters of Gaskets were United States ($933M), Germany ($929M), China ($516M), Japan ($422M), and Italy ($242M).

In 2023, the top importers of Gaskets were United States ($500M), Germany ($317M), China ($299M), Mexico ($237M), and France ($223M).

Explore Visualizations

Exporters of Gaskets (2023)
[Click to Select a Country]

Importers of Gaskets (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$110M
Top Destination Growth (2022 -  2023)Trinidad and Tobago$97.9M

Between 2022 and 2023, the exports of Gaskets grew the fastest in Germany ($110M), Guyana ($99.8M), Netherlands ($83.8M), United States ($48.2M), and France ($28.5M).

Between 2022 and 2023, the fastest growing importers of Gaskets were Trinidad and Tobago ($97.9M), France ($39.3M), Poland ($36.4M), Germany ($36.3M), and United Arab Emirates ($35.6M).

Explore Visualizations

Exporters of Gaskets (2022 - 2023)

Importers of Gaskets (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gaskets.

In 2023, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Gaskets are explained by 20 countries.

Explore Visualizations

Value of Exports in Gaskets

Net Trade

TOP NET EXPORTER (2023)Germany$613M
TOP NET IMPORTER (2023)Canada$162M

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

In 2023, the countries that had a largest trade value in exports than in imports of Gaskets were Germany ($613M), United States ($433M), Japan ($314M), China ($218M), and Chinese Taipei ($124M).

In 2023, the countries that had a largest trade value in imports than in exports of Gaskets were Canada ($162M), United Arab Emirates ($119M), Trinidad and Tobago ($103M), Mexico ($98.3M), and Indonesia ($84.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Gaskets, disaggragated by their HS6 level were Gaskets of metal sheeting, including sandwich... ($2.99B) and Gasket sets, other joints of similar... ($2.36B)

HS6 Disaggregation for Gaskets (2023)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Gaskets by percentage of total exports

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.8M
TOP IMPORT POTENTIALChina+ $23.6M

Gaskets’s highest export potential is China. With an export gap of $17.8M.  Gaskets’s highest import potential is China with an import gap of $23.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Gaskets.

Country by Relatedness

The following visualization shows the relatedness of Gaskets to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (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