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Automatic regulating/controlling equipment nes

903289 (Harmonized System 1992 for 6-digit)

2023
World Trade $23.1BRnk 141 / 4644
2023
Top Exporter | Top Importer $3.31B | $3.03BUnited States | United States
2023
Product Complexity 1.11Rnk 609 / 4656
2022 - 2023
Export Growth (CAGR) -3.54%Rnk 1921 / 4644
2023
Share of World Trade 0.1%Rnk 141 / 4644

About

Overview This page contains the latest trade data of Automatic regulating/controlling equipment nes. In 2023, Automatic regulating/controlling equipment nes were the world's 141st most traded product, with a total trade of $23.1B. Between 2022 and 2023 the exports of Automatic regulating/controlling equipment nes decreased by -3.54%, from $23.9B to $23.1B. Trade in Automatic regulating/controlling equipment nes represent 0.1% of total world trade.

Automatic regulating/controlling equipment nes are a part of Thermostats.

Exports In 2023 the top exporters of Automatic regulating/controlling equipment nes  were United States ($3.31B), China ($3.09B), Japan ($2.68B), Germany ($2.2B), and Mexico ($1.09B).

Imports In 2023 the top importers of Automatic regulating/controlling equipment nes were United States ($3.03B), China ($2.5B), Germany ($1.89B), Brazil ($1.23B), and Thailand ($1.15B).

Ranking Automatic regulating/controlling equipment nes ranks 609th in the Product Complexity Index (PCI).

Description An automatic regulating device is a mechanical device or electronic sensor that automatically regulates the flow of gases or liquids. Automatic regulating devices can be used for heating and cooling, for example, in a home.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Automatic regulating/controlling equipment 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 (2023)United States$3.31B
Top Destination (2023)United States$3.03B

In 2023 Automatic regulating/controlling equipment nes were the world's 141st most traded product (out of 4,644).

In 2023, the top exporters of Automatic regulating/controlling equipment nes were United States ($3.31B), China ($3.09B), Japan ($2.68B), Germany ($2.2B), and Mexico ($1.09B).

In 2023, the top importers of Automatic regulating/controlling equipment nes were United States ($3.03B), China ($2.5B), Germany ($1.89B), Brazil ($1.23B), and Thailand ($1.15B).

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Exporters of Automatic regulating/controlling equipment nes (2023)
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Importers of Automatic regulating/controlling equipment nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$167M
Top Destination Growth (2022 -  2023)Spain$238M

Between 2022 and 2023, the exports of Automatic regulating/controlling equipment nes grew the fastest in France ($167M), Hungary ($150M), Germany ($142M), Norway ($94.8M), and Vietnam ($74.7M).

Between 2022 and 2023, the fastest growing importers of Automatic regulating/controlling equipment nes were Spain ($238M), Netherlands ($181M), Poland ($76.8M), United Arab Emirates ($72.1M), and Germany ($69.5M).

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Exporters of Automatic regulating/controlling equipment nes (2022 - 2023)

Importers of Automatic regulating/controlling equipment nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Automatic regulating/controlling equipment nes.

In 2023, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Automatic regulating/controlling equipment nes are explained by 22 countries.

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Value of Exports in Automatic regulating/controlling equipment nes

Net Trade

TOP NET EXPORTER (2023)Japan$2.02B
TOP NET IMPORTER (2023)Brazil$1.06B

This map shows which countries export or import more of Automatic regulating/controlling equipment nes. Each country is colored based on the difference in exports and imports of Automatic regulating/controlling equipment nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Automatic regulating/controlling equipment nes were Japan ($2.02B), Hungary ($816M), China ($589M), Romania ($390M), and Germany ($307M).

In 2023, the countries that had a largest trade value in imports than in exports of Automatic regulating/controlling equipment nes were Brazil ($1.06B), Thailand ($695M), India ($371M), Turkey ($366M), and Netherlands ($359M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Automatic regulating/controlling equipment nes.
It is possible to select the main countries that export or import Automatic regulating/controlling equipment nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Automatic regulating/controlling equipment 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 (2023)

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