2022
Exports
$2.72BWorld Rnk 6 / 213
Flag Rnk 119 / 1217
2022
PRODUCT COMPLEXITY IN Refrigerators
0.56Rnk 339 / 1025
2022
Imports
$14BWorld Rnk 1 / 224
Flag Rnk 40 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.72B in Refrigerators, making it the 6th largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 119th most exported product in United States. The main destination of Refrigerators exports from United States are: Canada ($961M), Mexico ($615M), United Kingdom ($101M), China ($87.3M), and Singapore ($59.2M).

The fastest growing export markets for Refrigerators of United States between 2021 and 2022 were Mexico ($182M), Canada ($89.1M), and Belgium ($32.8M).

Imports In 2022, United States imported $14B in Refrigerators, becoming the 1st largest importer of Refrigerators in the world. At the same year, Refrigerators was the 40th most imported product in United States. United States imports Refrigerators primarily from: Mexico ($6.22B), China ($3.13B), South Korea ($2.21B), Canada ($535M), and Thailand ($511M).

The fastest growing import markets in Refrigerators for United States between 2021 and 2022 were Mexico ($1.04B), Canada ($154M), and Italy ($58.2M).

COMPANIES In 2023, leading companies such as Samsung (16k), LG Electronics (5.97k), and Electrolux (2.61k) were at the forefront of shipping Refrigerators 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)$2.72B
IMPORTS (2022)$14B
NET TRADE (2022)-$11.3B

In 2022, United States exported $2.72B in Refrigerators. The main destinations of United States exports on Refrigerators were Canada ($961M), Mexico ($615M), United Kingdom ($101M), China ($87.3M), and Singapore ($59.2M).

In 2022, United States imported $14B in Refrigerators, mainly from Mexico ($6.22B), China ($3.13B), South Korea ($2.21B), Canada ($535M), and Thailand ($511M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$182M (41.9%)
Canada$89.1M (10.2%)
Belgium$32.8M (309%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY United States WERE (2021 - 2022):
Germany-$37.7M (-45.3%)
Vietnam-$18M (-75.2%)
United Kingdom-$15.7M (-13.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United States's main exporting competitors in Refrigerators were:
China $16.7B
Mexico $7.06B
Italy $4.21B
In 2022, United States's main importing competitors in Refrigerators were:
Germany $4.27B
France $2.82B

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $42.6M
TOP IMPORT POTENTIALChina+ $406M

Refrigerators’s highest export potential is China. With an export gap of $42.6M.   Refrigerators’s highest import potential is China with an import gap of $406M.

See methodology.

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