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902690 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.37BRnk 675 / 4644
2023
Top Exporter | Top Importer $834M | $802MUnited States | United States
2023
Product Complexity 1.43Rnk 220 / 4656
2022 - 2023
Export Growth (CAGR) 3.66%Rnk 1170 / 4644
2023
Share of World Trade 0.024%Rnk 675 / 4644

About

Overview This page contains the latest trade data of Parts of equipment to measure or check fluid variable. In 2023, Parts of equipment to measure or check fluid variable were the world's 675th most traded product, with a total trade of $5.37B. Between 2022 and 2023 the exports of Parts of equipment to measure or check fluid variable grew by 3.66%, from $5.18B to $5.37B. Trade in Parts of equipment to measure or check fluid variable represent 0.024% of total world trade.

Parts of equipment to measure or check fluid variable are a part of Gas and Liquid Flow Measuring Instruments.

Exports In 2023 the top exporters of Parts of equipment to measure or check fluid variable  were United States ($834M), Germany ($797M), China ($711M), Japan ($368M), and Switzerland ($321M).

Imports In 2023 the top importers of Parts of equipment to measure or check fluid variable were United States ($802M), China ($666M), Mexico ($438M), Germany ($362M), and United Kingdom ($230M).

Ranking Parts of equipment to measure or check fluid variable ranks 220th in the Product Complexity Index (PCI).

Description A common use of the parts of equipment to measure or check fluid variables is in a hydraulic systems. This system takes in fluid from a reservoir, pressurizes the reservoir, and distributes it to the various hydraulic components.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of equipment to measure or check fluid variable. 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)United States$834M
Top Destination (2023)United States$802M

In 2023 Parts of equipment to measure or check fluid variable were the world's 675th most traded product (out of 4,644).

In 2023, the top exporters of Parts of equipment to measure or check fluid variable were United States ($834M), Germany ($797M), China ($711M), Japan ($368M), and Switzerland ($321M).

In 2023, the top importers of Parts of equipment to measure or check fluid variable were United States ($802M), China ($666M), Mexico ($438M), Germany ($362M), and United Kingdom ($230M).

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Exporters of Parts of equipment to measure or check fluid variable (2023)
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Importers of Parts of equipment to measure or check fluid variable (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$72.6M
Top Destination Growth (2022 -  2023)China$66.9M

Between 2022 and 2023, the exports of Parts of equipment to measure or check fluid variable grew the fastest in Germany ($72.6M), Mexico ($54.4M), United States ($40.7M), Singapore ($23M), and United Kingdom ($21M).

Between 2022 and 2023, the fastest growing importers of Parts of equipment to measure or check fluid variable were China ($66.9M), Mexico ($58.2M), Germany ($29.6M), Poland ($26.8M), and United States ($24.7M).

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Exporters of Parts of equipment to measure or check fluid variable (2022 - 2023)

Importers of Parts of equipment to measure or check fluid variable (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of equipment to measure or check fluid variable.

In 2023, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Parts of equipment to measure or check fluid variable are explained by 19 countries.

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Value of Exports in Parts of equipment to measure or check fluid variable

Net Trade

TOP NET EXPORTER (2023)Germany$435M
TOP NET IMPORTER (2023)Mexico$181M

This map shows which countries export or import more of Parts of equipment to measure or check fluid variable. Each country is colored based on the difference in exports and imports of Parts of equipment to measure or check fluid variable during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of equipment to measure or check fluid variable were Germany ($435M), Japan ($281M), Switzerland ($204M), Thailand ($154M), and Italy ($90.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of equipment to measure or check fluid variable were Mexico ($181M), Hong Kong ($164M), Saudi Arabia ($82.5M), United Arab Emirates ($61.6M), and Singapore ($58.6M).

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 Parts of equipment to measure or check fluid variable.
It is possible to select the main countries that export or import Parts of equipment to measure or check fluid variable in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of equipment to measure or check fluid variable 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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