HS Icon Boiler Plants

Auxiliary plant for use with boilers of heading no. 8402 or 8403; e.g. economisers, super-heaters, soot removers, gas recoverers), condensers for steam or other vapour power units

8404 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Boiler Plants. In 2021, Boiler Plants were the world's 817th most traded product, with a total trade of $1.61B. Between 2020 and 2021 the exports of Boiler Plants decreased by -0.42%, from $1.62B to $1.61B. Trade in Boiler Plants represent 0.0077% of total world trade.

Boiler Plants are a part of Machinery, mechanical appliances, & parts. They include Auxiliary plant for steam/vapour generating boilers, Steam, vapour generating boiler auxiliary plant parts, and Condensers for steam or vapour power units.

Exports In 2021 the top exporters of Boiler Plants  were China ($474M), Japan ($102M), South Korea ($88.8M), Germany ($88.6M), and Italy ($81.5M).

Imports In 2021 the top importers of Boiler Plants were Indonesia ($172M), United States ($98.5M), Japan ($95.5M), Bangladesh ($87.5M), and Germany ($68.4M).

Tariffs In 2018 the average tariff for Boiler Plants was 4.03%, making it the 1003rd lowest tariff using the HS4 product classification.

Ranking Boiler Plants ranks 181st in the Product Complexity Index (PCI).

Description An auxiliary plant is a piece of equipment that is used to help make steam or other vapour power units. Auxiliary plants are usually used in the production of boilers, condensers, and superheaters.

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Y-AXIS SCALE

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $474M

Top Destination (2021): Indonesia, $172M

Boiler Plants are the world's 817th most traded product.

In 2021, the top exporters of Boiler Plants were China ($474M), Japan ($102M), South Korea ($88.8M), Germany ($88.6M), and Italy ($81.5M).

In 2021, the top importers of Boiler Plants were Indonesia ($172M), United States ($98.5M), Japan ($95.5M), Bangladesh ($87.5M), and Germany ($68.4M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Japan, $50.4M

Top Destination Growth (2020 -  2021): Bangladesh, $28.3M

Between 2020 and 2021, the exports of Boiler Plants grew the fastest in Japan ($50.4M), Thailand ($36M), Israel ($25.3M), France ($19M), and Spain ($16.1M).

Between 2020 and 2021, the fastest growing importers of Boiler Plants were Bangladesh ($28.3M), Greece ($23.9M), Canada ($20M), Chinese Taipei ($18.1M), and Vietnam ($18M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Boiler Plants.

In 2021, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Boiler Plants are explained by 19 countries.

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TOP NET EXPORTER (2021): China, $429M

TOP NET IMPORTER (2021): Indonesia, $157M

This map shows which countries export or import more of Boiler Plants. Each country is colored based on the difference in exports and imports of Boiler Plants during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Boiler Plants were China ($429M), South Korea ($61.2M), India ($50M), Italy ($48.2M), and Spain ($38.7M).

In 2021, the countries that had a largest trade value in imports than in exports of Boiler Plants were Indonesia ($157M), Bangladesh ($87.3M), Pakistan ($58.8M), Vietnam ($53.1M), and Philippines ($40M).

Disaggregation

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Value

In 2021, the world most traded Boiler Plants, disaggragated by their HS6 level were Auxiliary plant for steam/vapour generating boilers ($785M), Steam, vapour generating boiler auxiliary plant... ($594M), and Condensers for steam or vapour power... ($234M)

Country Comparison

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Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Boiler Plants to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.