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Pricing

Pumps; for liquids, whether or not fitted with measuring device, liquid elevators

8413 (Harmonized System 1992 for 4-digit)

2022
World Trade $72BRnk 52 / 1218
2022
Top Exporter | Top Importer $12.2B | $11.7BChina | United States
2022
Product Complexity 1.27Rnk 92 / 1033
2021 - 2022
Export Growth (CAGR) 0.31%Rnk 840 / 1218
2022
Share of World Trade 0.3%Rnk 52 / 1218

About

Overview This page contains the latest trade data of Liquid Pumps. In 2022, Liquid Pumps were the world's 52nd most traded product, with a total trade of $72B. Between 2021 and 2022 the exports of Liquid Pumps grew by 0.31%, from $71.8B to $72B. Trade in Liquid Pumps represent 0.3% of total world trade.

Liquid Pumps are a part of Machinery, mechanical appliances, & parts. They include Parts of pumps for liquids, Centrifugal pumps nes, Fuel, lubricating and cooling pumps for motor engines, Reciprocating positive displacement pumps nes, Rotary positive displacement pumps nes, Pumps nes, Pumps fitted, designed to have, a measuring device ne, Pumps dispensing fuel, lubricants in filling stations, Hand pumps not designed to measure flow, and Concrete pumps, among others.

Exports In 2022 the top exporters of Liquid Pumps  were China ($12.2B), Germany ($11B), United States ($8.25B), Italy ($4.8B), and Japan ($3.8B).

Imports In 2022 the top importers of Liquid Pumps were United States ($11.7B), Germany ($5.33B), China ($4.29B), Canada ($2.88B), and Mexico ($2.59B).

Ranking Liquid Pumps ranks 92nd in the Product Complexity Index (PCI).

Description Pumps are used to move liquids from one place to another. They can be made from a variety of materials, including plastic, metal, and ceramic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Liquid Pumps. 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 (2022)China$12.2B
Top Destination (2022)United States$11.7B

In 2022 Liquid Pumps were the world's 52nd most traded product (out of 1,218).

In 2022, the top exporters of Liquid Pumps were China ($12.2B), Germany ($11B), United States ($8.25B), Italy ($4.8B), and Japan ($3.8B).

In 2022, the top importers of Liquid Pumps were United States ($11.7B), Germany ($5.33B), China ($4.29B), Canada ($2.88B), and Mexico ($2.59B).

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Exporters of Liquid Pumps (2022)
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Importers of Liquid Pumps (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$715M
Top Destination Growth (2021 -  2022)United States$996M

Between 2021 and 2022, the exports of Liquid Pumps grew the fastest in China ($715M), United States ($621M), Mexico ($312M), Canada ($257M), and India ($167M).

Between 2021 and 2022, the fastest growing importers of Liquid Pumps were United States ($996M), Canada ($441M), Kuwait ($121M), Iraq ($99.1M), and Kazakhstan ($92.2M).

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Exporters of Liquid Pumps (2021 - 2022)

Importers of Liquid Pumps (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Liquid Pumps.

In 2022, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Liquid Pumps are explained by 21 countries.

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Value of Exports in Liquid Pumps

Net Trade

TOP NET EXPORTER (2022)China$7.93B
TOP NET IMPORTER (2022)United States$3.49B

This map shows which countries export or import more of Liquid Pumps. Each country is colored based on the difference in exports and imports of Liquid Pumps during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Liquid Pumps were China ($7.93B), Germany ($5.62B), Italy ($2.82B), Japan ($2.18B), and Czechia ($1.06B).

In 2022, the countries that had a largest trade value in imports than in exports of Liquid Pumps were United States ($3.49B), Canada ($1.33B), Russia ($1.01B), Indonesia ($959M), and Australia ($765M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Liquid Pumps, disaggragated by their HS6 level were Parts of pumps for liquids ($16.8B), Centrifugal pumps nes ($16.5B), Fuel, lubricating and cooling pumps for... ($13.4B), Reciprocating positive displacement pumps nes ($9.02B), and Rotary positive displacement pumps nes ($7.37B)

HS6 Disaggregation for Liquid Pumps (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Liquid Pumps 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 (2022)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2022)

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