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Valves and taps: top exporters and importers (2024)

In 2024, world trade in valves and taps totaled $112.9 billion (4.7 million tonnes). The top exporters were China (20%), the United States (13%) and Germany (13%); the top importers were the United States (16%), China (7%) and Germany (7%). Compared with 2019, the value rose 20%.

Summary

World trade
$112.9billion
Tonnes
4.7million tonnes
Price per tonne
$24,191
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$22.7 billion · 20.1%
  2. United States$14.8 billion · 13.1%
  3. Germany$14.5 billion · 12.9%
  4. Italy$9.5 billion · 8.4%
  5. Japan$4.5 billion · 4%
  6. Mexico$4.2 billion · 3.7%
  7. United Kingdom$3.5 billion · 3.1%
  8. France$3.4 billion · 3%
  9. India$2.8 billion · 2.5%
  10. South Korea$2.6 billion · 2.3%
  11. Switzerland$2.3 billion · 2%
  12. Poland$2.2 billion · 1.9%
  13. Czechia$1.8 billion · 1.6%
  14. Spain$1.8 billion · 1.6%
  15. Taiwan$1.7 billion · 1.5%
  16. Vietnam$1.5 billion · 1.3%
  17. Denmark$1.3 billion · 1.1%
  18. Hungary$1.3 billion · 1.1%
  19. Netherlands$1.2 billion · 1.1%
    re-exports
  20. Singapore$1.2 billion · 1.1%
    re-exports

Top importers

  1. United States$17.5 billion · 15.5%
  2. China$8.2 billion · 7.2%
  3. Germany$7.8 billion · 6.9%
  4. Mexico$4.6 billion · 4.1%
  5. United Kingdom$4 billion · 3.5%
  6. France$3.8 billion · 3.3%
  7. Canada$3.7 billion · 3.2%
  8. Saudi Arabia$2.8 billion · 2.5%
  9. Italy$2.7 billion · 2.4%
  10. South Korea$2.7 billion · 2.4%
  11. Japan$2.4 billion · 2.2%
  12. United Arab Emirates$2.3 billion · 2%
  13. Netherlands$2.2 billion · 1.9%
    re-exports
  14. India$2.2 billion · 1.9%
  15. Singapore$2.1 billion · 1.9%
    re-exports
  16. Poland$2.1 billion · 1.9%
  17. Turkey$2 billion · 1.8%
  18. Brazil$1.9 billion · 1.7%
  19. Russia$1.8 billion · 1.6%
  20. Spain$1.8 billion · 1.6%

Trend

Who sells it

China has been the top exporter since 2010

Value in USD billions. The five largest exporters in 2024.

  • China 22.7
  • United States 14.8
  • Germany 14.5
  • Italy 9.5
  • Japan 4.5

Source: CEPII BACI

Show the numbers
Country19952024
China0.2622.7
United States3.214.8
Germany3.814.5
Italy2.79.5
Japan2.14.5

Price

Implied price

The price per tonne rose 70% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $24,191

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$14,190
1996$12,909
1997$12,321
1998$13,672
1999$10,759
2000$13,592
2001$12,467
2002$11,538
2003$13,015
2004$11,530
2005$14,404
2006$13,988
2007$18,055
2008$20,947
2009$18,625
2010$18,031
2011$19,247
2012$19,440
2013$20,086
2014$21,396
2015$19,912
2016$20,658
2017$19,685
2018$20,849
2019$21,494
2020$20,575
2021$21,698
2022$21,618
2023$22,794
2024$24,191

What it includes

  • 8481 · Valves and taps

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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