HS Icon Compression refrigeration equipment with heat exchang

841861 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Compression refrigeration equipment with heat exchang. In 2020, Compression refrigeration equipment with heat exchang were the world's 938th most traded product, with a total trade of $2.99B. Between 2019 and 2020 the exports of Compression refrigeration equipment with heat exchang grew by 11.7%, from $2.67B to $2.99B. Trade in Compression refrigeration equipment with heat exchang represent 0.018% of total world trade.

Compression refrigeration equipment with heat exchang are a part of Refrigerators.

Exports In 2020 the top exporters of Compression refrigeration equipment with heat exchang  were France ($574M), China ($420M), Germany ($404M), Sweden ($303M), and Italy ($199M).

Imports In 2020 the top importers of Compression refrigeration equipment with heat exchang were Germany ($462M), France ($267M), Netherlands ($248M), Switzerland ($170M), and Spain ($150M).

Tariffs In 2018 the average tariff for Compression refrigeration equipment with heat exchang was 7.78%, making it the 2931st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Compression refrigeration equipment with heat exchang are Bahamas (41.1%), Zimbabwe (36.5%), Syria (30.6%), Malaysia (30%), and Angola (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking Compression refrigeration equipment with heat exchang ranks 865th in the Product Complexity Index (PCI).

Description Compression refrigeration equipment is used to cool substances, rather than heat them. In this process, the substance is compressed, allowing it to liquefy and reach a lower temperature. Compressed refrigerant is then run through a heat exchanger which transfers the heat from the process and releases it into the outside air. These processes can be done in cycles to allow for greater cooling of the substance.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Compression refrigeration equipment with heat exchang. 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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): France, $574M

Top Destination (2020): Germany, $462M

Compression refrigeration equipment with heat exchang are the world's 938th most traded product.

In 2020, the top exporters of Compression refrigeration equipment with heat exchang were France ($574M), China ($420M), Germany ($404M), Sweden ($303M), and Italy ($199M).

In 2020, the top importers of Compression refrigeration equipment with heat exchang were Germany ($462M), France ($267M), Netherlands ($248M), Switzerland ($170M), and Spain ($150M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): China, $103M

Top Destination Growth (2019 - 2020): France, $65.7M

Between 2019 and 2020, the exports of Compression refrigeration equipment with heat exchang grew the fastest in China ($103M), Sweden ($62.9M), Germany ($57.4M), Mexico ($53.1M), and Poland ($23.1M).

Between 2019 and 2020, the fastest growing importers of Compression refrigeration equipment with heat exchang were France ($65.7M), Netherlands ($58.1M), United States ($46.9M), Germany ($35.2M), and Switzerland ($25.8M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Compression refrigeration equipment with heat exchang.

In 2020,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Compression refrigeration equipment with heat exchang are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2020): China, $386M

TOP NET IMPORTER (2020): Netherlands, $209M

This map shows which countries export or import more of Compression refrigeration equipment with heat exchang. Each country is colored based on the difference in exports and imports of Compression refrigeration equipment with heat exchang during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Compression refrigeration equipment with heat exchang were China ($386M), France ($307M), Sweden ($241M), Japan ($122M), and Italy ($68.1M).

In 2020, the countries that had a largest trade value in imports than in exports of Compression refrigeration equipment with heat exchang were Netherlands ($209M), Switzerland ($155M), United Kingdom ($97.9M), Spain ($91.7M), and Poland ($76.7M).

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.