Valves in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $22.9B in Valves, making it the 1st largest exporter of Valves in the world. At the same year, Valves was the 29th most exported product in China. The main destination of Valves exports from China are: United States ($4.64B), Germany ($1.2B), Russia ($1.04B), Japan ($853M), and Mexico ($832M).

The fastest growing export markets for Valves of China between 2021 and 2022 were United States ($364M), Russia ($225M), and Indonesia ($201M).

Imports In 2022, China imported $7.84B in Valves, becoming the 3rd largest importer of Valves in the world. At the same year, Valves was the 44th most imported product in China. China imports Valves primarily from: Germany ($1.67B), Japan ($1.62B), United States ($910M), Italy ($549M), and South Korea ($444M).

The fastest growing import markets in Valves for China between 2021 and 2022 were United Kingdom ($82.9M), Singapore ($64.5M), and Switzerland ($52.7M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (64.5k), ROBERT BOSCH TOOL CORPORATION (9.92k), and SIGMA CORPORATION (4.26k) were at the forefront of shipping Valves from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Valves exports accounted up to $1.56B and imports accounted up to $611M, resulting in a positive trade balance of $944M. Between February 2023 and February 2024 the exports of China's Valves have increased by $535M (52.5%) from $1.02B to $1.56B, while imports decreased by $-92.7M (-13.2%) from $704M to $611M.

Destinations In February 2024, Valves were exported mostly to United States ($274M), Russia ($113M), Germany ($66.5M), United Kingdom ($52.3M), and Indonesia ($52M), and were imported mostly from Germany ($148M), United States ($87.7M), Japan ($85.9M), South Korea ($39.6M), and Italy ($31.1M).

Growth In February 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Russia ($21.9M or 21.9%), Turkey ($11.5M or 50.5%), and United Arab Emirates ($10.2M or 26.4%). In February 2024, the decrease in Valves's year-by-year imports was explained primarily by a decrease in imports from Japan ($-56.7M or -31.8%), Germany ($-28.8M or -17.5%), and Taiwan ($-23.9M or -63.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$535M(52.5%)

IMPORT GROWTH (February 2023 - February 2024)$-92.7M(-13.2%)

MAIN EXPORTER (February 2024)Zhejiang Province$911M

MAIN DESTINATION (February 2024)United States$274M

This section shows Valves's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$22.9B

IMPORTS (2022)$7.84B

NET TRADE (2022)$15B

In 2022, China exported $22.9B in Valves. The main destinations of China exports on Valves were United States ($4.64B), Germany ($1.2B), Russia ($1.04B), Japan ($853M), and Mexico ($832M).

In 2022, China imported $7.84B in Valves, mainly from Germany ($1.67B), Japan ($1.62B), United States ($910M), Italy ($549M), and South Korea ($444M).

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