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848180 (Harmonized System 1992 for 6-digit)

2023
World Trade $60.7BRnk 47 / 4644
2023
Top Exporter | Top Importer $13.4B | $9.17BChina | United States
2023
Product Complexity 1.11Rnk 613 / 4656
2022 - 2023
Export Growth (CAGR) 1.11%Rnk 1428 / 4644
2023
Share of World Trade 0.27%Rnk 47 / 4644

About

Overview This page contains the latest trade data of Taps, cocks, valves and similar appliances, nes. In 2023, Taps, cocks, valves and similar appliances, nes were the world's 47th most traded product, with a total trade of $60.7B. Between 2022 and 2023 the exports of Taps, cocks, valves and similar appliances, nes grew by 1.11%, from $60B to $60.7B. Trade in Taps, cocks, valves and similar appliances, nes represent 0.27% of total world trade.

Taps, cocks, valves and similar appliances, nes are a part of Valves.

Exports In 2023 the top exporters of Taps, cocks, valves and similar appliances, nes  were China ($13.4B), Germany ($7.44B), United States ($6.99B), Italy ($5.63B), and Mexico ($2.31B).

Imports In 2023 the top importers of Taps, cocks, valves and similar appliances, nes were United States ($9.17B), China ($4.15B), Germany ($3.71B), France ($2.29B), and Canada ($2.21B).

Ranking Taps, cocks, valves and similar appliances, nes ranks 613th in the Product Complexity Index (PCI).

Description These devices regulate the flow of water or gas. A tap is a valve that allows water to flow out of a pipe and a cock is a valve that controls the flow of gas.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Taps, cocks, valves and similar appliances, 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$13.4B
Top Destination (2023)United States$9.17B

In 2023 Taps, cocks, valves and similar appliances, nes were the world's 47th most traded product (out of 4,644).

In 2023, the top exporters of Taps, cocks, valves and similar appliances, nes were China ($13.4B), Germany ($7.44B), United States ($6.99B), Italy ($5.63B), and Mexico ($2.31B).

In 2023, the top importers of Taps, cocks, valves and similar appliances, nes were United States ($9.17B), China ($4.15B), Germany ($3.71B), France ($2.29B), and Canada ($2.21B).

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Exporters of Taps, cocks, valves and similar appliances, nes (2023)
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Importers of Taps, cocks, valves and similar appliances, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Philippines$754M
Top Destination Growth (2022 -  2023)Vietnam$502M

Between 2022 and 2023, the exports of Taps, cocks, valves and similar appliances, nes grew the fastest in Philippines ($754M), United States ($293M), Italy ($277M), South Korea ($141M), and Germany ($134M).

Between 2022 and 2023, the fastest growing importers of Taps, cocks, valves and similar appliances, nes were Vietnam ($502M), Saudi Arabia ($249M), United Arab Emirates ($227M), Turkey ($174M), and Singapore ($142M).

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Exporters of Taps, cocks, valves and similar appliances, nes (2022 - 2023)

Importers of Taps, cocks, valves and similar appliances, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Taps, cocks, valves and similar appliances, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Taps, cocks, valves and similar appliances, nes are explained by 20 countries.

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Value of Exports in Taps, cocks, valves and similar appliances, nes

Net Trade

TOP NET EXPORTER (2023)China$9.26B
TOP NET IMPORTER (2023)United States$2.19B

This map shows which countries export or import more of Taps, cocks, valves and similar appliances, nes. Each country is colored based on the difference in exports and imports of Taps, cocks, valves and similar appliances, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Taps, cocks, valves and similar appliances, nes were China ($9.26B), Italy ($4.31B), Germany ($3.73B), Japan ($738M), and Philippines ($593M).

In 2023, the countries that had a largest trade value in imports than in exports of Taps, cocks, valves and similar appliances, nes were United States ($2.19B), Canada ($1.64B), Russia ($1.38B), Saudi Arabia ($1.18B), and United Arab Emirates ($916M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Taps, cocks, valves and similar appliances, 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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