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841981 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.93BRnk 537 / 4644
2023
Top Exporter | Top Importer $1.26B | $1.4BItaly | United States
2023
Product Complexity 0.91Rnk 931 / 4656
2022 - 2023
Export Growth (CAGR) 5.09%Rnk 1031 / 4644
2023
Share of World Trade 0.031%Rnk 537 / 4644

About

Overview This page contains the latest trade data of Commercial equipment, hot drinks/cooking/heating food. In 2023, Commercial equipment, hot drinks/cooking/heating food were the world's 537th most traded product, with a total trade of $6.93B. Between 2022 and 2023 the exports of Commercial equipment, hot drinks/cooking/heating food grew by 5.09%, from $6.59B to $6.93B. Trade in Commercial equipment, hot drinks/cooking/heating food represent 0.031% of total world trade.

Commercial equipment, hot drinks/cooking/heating food are a part of Other Heating Machinery.

Exports In 2023 the top exporters of Commercial equipment, hot drinks/cooking/heating food  were Italy ($1.26B), Germany ($1.03B), Switzerland ($895M), China ($887M), and United States ($797M).

Imports In 2023 the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.4B), China ($476M), Germany ($462M), United Kingdom ($356M), and France ($264M).

Ranking Commercial equipment, hot drinks/cooking/heating food ranks 931st in the Product Complexity Index (PCI).

Description Commercial equipment is used to heat food and drinks in the United States. If the water is heated to a certain temperature, then it can be used for cooking. A coffee machine is also used to heat up coffee.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Commercial equipment, hot drinks/cooking/heating food. 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)Italy$1.26B
Top Destination (2023)United States$1.4B

In 2023 Commercial equipment, hot drinks/cooking/heating food were the world's 537th most traded product (out of 4,644).

In 2023, the top exporters of Commercial equipment, hot drinks/cooking/heating food were Italy ($1.26B), Germany ($1.03B), Switzerland ($895M), China ($887M), and United States ($797M).

In 2023, the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.4B), China ($476M), Germany ($462M), United Kingdom ($356M), and France ($264M).

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Exporters of Commercial equipment, hot drinks/cooking/heating food (2023)
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Importers of Commercial equipment, hot drinks/cooking/heating food (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$207M
Top Destination Growth (2022 -  2023)China$198M

Between 2022 and 2023, the exports of Commercial equipment, hot drinks/cooking/heating food grew the fastest in Switzerland ($207M), Germany ($93.2M), Italy ($49.1M), Canada ($41.7M), and United States ($30.7M).

Between 2022 and 2023, the fastest growing importers of Commercial equipment, hot drinks/cooking/heating food were China ($198M), Netherlands ($49.1M), Poland ($27.5M), Russia ($20.1M), and United Arab Emirates ($19.5M).

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Exporters of Commercial equipment, hot drinks/cooking/heating food (2022 - 2023)

Importers of Commercial equipment, hot drinks/cooking/heating food (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Commercial equipment, hot drinks/cooking/heating food.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Commercial equipment, hot drinks/cooking/heating food are explained by 14 countries.

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Value of Exports in Commercial equipment, hot drinks/cooking/heating food

Net Trade

TOP NET EXPORTER (2023)Italy$1.11B
TOP NET IMPORTER (2023)United States$607M

This map shows which countries export or import more of Commercial equipment, hot drinks/cooking/heating food. Each country is colored based on the difference in exports and imports of Commercial equipment, hot drinks/cooking/heating food during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Commercial equipment, hot drinks/cooking/heating food were Italy ($1.11B), Switzerland ($794M), Germany ($566M), China ($411M), and Canada ($140M).

In 2023, the countries that had a largest trade value in imports than in exports of Commercial equipment, hot drinks/cooking/heating food were United States ($607M), Australia ($200M), United Kingdom ($175M), South Korea ($125M), and Saudi Arabia ($122M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Commercial equipment, hot drinks/cooking/heating food.
It is possible to select the main countries that export or import Commercial equipment, hot drinks/cooking/heating food in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Commercial equipment, hot drinks/cooking/heating food 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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