# HS 848110 Pressure Reducing global trade data overview...

Reported global trade in pressure reducing, for pipes, boiler shells, tanks, vats or the like reached $4.0B in 2024, with five-year annual growth of +4.3%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $3.3B | +5.9% | +6.2% |
| 2014 | $3.4B | +4.4% | +4% |
| 2015 | $3.1B | -10% | -0.2% |
| 2016 | $3.1B | +0.9% | -1.8% |
| 2017 | $3.4B | +7.4% | -0.8% |
| 2018 | $3.3B | -0.8% | +2.5% |
| 2019 | $3.3B | -2.3% | +1.4% |
| 2020 | $3.1B | -5.4% | -2.9% |
| 2021 | $3.6B | +15.8% | +2.3% |
| 2022 | $3.6B | +1.9% | +3.7% |
| 2023 | $3.9B | +7.2% | +8.2% |
| 2024 | $4.0B | +3.1% | +4% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $541.2M | +5.3% | 91 |
| China | $362.8M | +2.7% | 72 |
| Germany | $291.4M | +3.7% | 83 |
| United Kingdom | $183.7M | +7.3% | 76 |
| Canada | $156.6M | +4.9% | 63 |
| Mexico | $114.2M | +6.7% | 98 |
| Saudi Arabia | $110.2M | +13.9% | 57 |
| France | $105.9M | +6.3% | 77 |
| Japan | $94.0M | +1.8% | 47 |
| Italy | $91.5M | +6.7% | 71 |
| Republic of Korea | $87.0M | +4.6% | 58 |
| Brazil | $81.3M | +8.5% | 63 |

_Source: reported merchandise trade data. Updated 2026-08-14._