2022
Exports
$269MWorld Rnk 33 / 213
Flag Rnk 251 / 1212
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2022
Imports
$680MWorld Rnk 22 / 224
Flag Rnk 145 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $269M in Refrigerators, making it the 33rd largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 251st most exported product in India. The main destination of Refrigerators exports from India are: Nepal ($43.8M), United Arab Emirates ($17.8M), United States ($14.1M), Nigeria ($12.7M), and Denmark ($11.6M).

The fastest growing export markets for Refrigerators of India between 2021 and 2022 were Nepal ($5.02M), Russia ($4.07M), and Chinese Taipei ($3.33M).

Imports In 2022, India imported $680M in Refrigerators, becoming the 22nd largest importer of Refrigerators in the world. At the same year, Refrigerators was the 145th most imported product in India. India imports Refrigerators primarily from: China ($309M), Thailand ($97.4M), Indonesia ($68.3M), South Korea ($37.6M), and Italy ($19.7M).

The fastest growing import markets in Refrigerators for India between 2021 and 2022 were Indonesia ($29.8M), Thailand ($4.61M), and Italy ($3.47M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (2) and Signify Lighting (1) were at the forefront of shipping Refrigerators from India to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refrigerators. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$269M
IMPORTS (2022)$680M
NET TRADE (2022)-$411M

In 2022, India exported $269M in Refrigerators. The main destinations of India exports on Refrigerators were Nepal ($43.8M), United Arab Emirates ($17.8M), United States ($14.1M), Nigeria ($12.7M), and Denmark ($11.6M).

In 2022, India imported $680M in Refrigerators, mainly from China ($309M), Thailand ($97.4M), Indonesia ($68.3M), South Korea ($37.6M), and Italy ($19.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR India WERE (2021 - 2022):
Nepal$5.02M (13%)
Russia$4.07M (172%)
Chinese Taipei$3.33M (225%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY India WERE (2021 - 2022):
Sri Lanka-$14.2M (-71.1%)
Thailand-$6.81M (-45.7%)
United States-$5.14M (-26.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, India's main importing competitors in Refrigerators were:

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $43.8M
TOP IMPORT POTENTIALChina+ $273M

Refrigerators’s highest export potential is United States. With an export gap of $43.8M.   Refrigerators’s highest import potential is China with an import gap of $273M.

See methodology.

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