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848180 (Harmonized System 1992 for 6-digit)

2022
World Trade $60.2BRnk 46 / 4648
2022
Top Exporter | Top Importer $15.2B | $9.46BChina | United States
2022
Product Complexity 1.18Rnk 521 / 4653
2021 - 2022
Export Growth (CAGR) 3.5%Rnk 2451 / 4648
2022
Share of World Trade 0.25%Rnk 46 / 4648

About

Overview This page contains the latest trade data of Taps, cocks, valves and similar appliances, nes. In 2022, Taps, cocks, valves and similar appliances, nes were the world's 46th most traded product, with a total trade of $60.2B. Between 2021 and 2022 the exports of Taps, cocks, valves and similar appliances, nes grew by 3.5%, from $58.2B to $60.2B. Trade in Taps, cocks, valves and similar appliances, nes represent 0.25% of total world trade.

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

Exports In 2022 the top exporters of Taps, cocks, valves and similar appliances, nes  were China ($15.2B), Germany ($7.55B), United States ($6.67B), Italy ($5.28B), and Japan ($2.35B).

Imports In 2022 the top importers of Taps, cocks, valves and similar appliances, nes were United States ($9.46B), Germany ($4.1B), China ($3.84B), Canada ($2.35B), and France ($2.26B).

Ranking Taps, cocks, valves and similar appliances, nes ranks 521st 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 (2022)China$15.2B
Top Destination (2022)United States$9.46B

In 2022 Taps, cocks, valves and similar appliances, nes were the world's 46th most traded product (out of 4,648).

In 2022, the top exporters of Taps, cocks, valves and similar appliances, nes were China ($15.2B), Germany ($7.55B), United States ($6.67B), Italy ($5.28B), and Japan ($2.35B).

In 2022, the top importers of Taps, cocks, valves and similar appliances, nes were United States ($9.46B), Germany ($4.1B), China ($3.84B), Canada ($2.35B), and France ($2.26B).

Explore Visualizations

Exporters of Taps, cocks, valves and similar appliances, nes (2022)
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Importers of Taps, cocks, valves and similar appliances, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.29B
Top Destination Growth (2021 -  2022)United States$996M

Between 2021 and 2022, the exports of Taps, cocks, valves and similar appliances, nes grew the fastest in China ($1.29B), United States ($781M), United Kingdom ($250M), Mexico ($200M), and Vietnam ($154M).

Between 2021 and 2022, the fastest growing importers of Taps, cocks, valves and similar appliances, nes were United States ($996M), Canada ($321M), Mexico ($253M), Indonesia ($180M), and India ($139M).

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Exporters of Taps, cocks, valves and similar appliances, nes (2021 - 2022)

Importers of Taps, cocks, valves and similar appliances, nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Taps, cocks, valves and similar appliances, nes are explained by 18 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$11.4B
TOP NET IMPORTER (2022)United States$2.79B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Taps, cocks, valves and similar appliances, nes were China ($11.4B), Italy ($4.01B), Germany ($3.45B), Japan ($1.21B), and Czechia ($511M).

In 2022, the countries that had a largest trade value in imports than in exports of Taps, cocks, valves and similar appliances, nes were United States ($2.79B), Canada ($1.74B), Russia ($1.41B), Saudi Arabia ($1.02B), and Australia ($801M).

Net Trade (2022)

Country Comparison

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Ranking

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 (2022)

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