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841861 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.77BRnk 633 / 4644
2023
Top Exporter | Top Importer $1.05B | $1.13BChina | Germany
2023
Product Complexity 1.4Rnk 246 / 4656
2022 - 2023
Export Growth (CAGR) 5.53%Rnk 990 / 4644
2023
Share of World Trade 0.026%Rnk 633 / 4644

About

Overview This page contains the latest trade data of Compression refrigeration equipment with heat exchange. In 2023, Compression refrigeration equipment with heat exchange were the world's 633rd most traded product, with a total trade of $5.77B. Between 2022 and 2023 the exports of Compression refrigeration equipment with heat exchange grew by 5.53%, from $5.46B to $5.77B. Trade in Compression refrigeration equipment with heat exchange represent 0.026% of total world trade.

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

Exports In 2023 the top exporters of Compression refrigeration equipment with heat exchange  were China ($1.05B), Germany ($882M), Sweden ($666M), France ($631M), and Italy ($480M).

Imports In 2023 the top importers of Compression refrigeration equipment with heat exchange were Germany ($1.13B), France ($519M), Netherlands ($448M), Switzerland ($392M), and Italy ($377M).

Ranking Compression refrigeration equipment with heat exchange ranks 246th 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.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Compression refrigeration equipment with heat exchange. 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)China$1.05B
Top Destination (2023)Germany$1.13B

In 2023 Compression refrigeration equipment with heat exchange were the world's 633rd most traded product (out of 4,644).

In 2023, the top exporters of Compression refrigeration equipment with heat exchange were China ($1.05B), Germany ($882M), Sweden ($666M), France ($631M), and Italy ($480M).

In 2023, the top importers of Compression refrigeration equipment with heat exchange were Germany ($1.13B), France ($519M), Netherlands ($448M), Switzerland ($392M), and Italy ($377M).

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Exporters of Compression refrigeration equipment with heat exchange (2023)
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Importers of Compression refrigeration equipment with heat exchange (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Sweden$176M
Top Destination Growth (2022 -  2023)Germany$306M

Between 2022 and 2023, the exports of Compression refrigeration equipment with heat exchange grew the fastest in Sweden ($176M), Italy ($110M), Germany ($71.4M), Turkey ($69M), and Slovakia ($67.6M).

Between 2022 and 2023, the fastest growing importers of Compression refrigeration equipment with heat exchange were Germany ($306M), Switzerland ($105M), Belgium ($71.9M), Turkey ($22.6M), and Mexico ($21.2M).

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Exporters of Compression refrigeration equipment with heat exchange (2022 - 2023)

Importers of Compression refrigeration equipment with heat exchange (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Compression refrigeration equipment with heat exchange are explained by 15 countries.

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Value of Exports in Compression refrigeration equipment with heat exchange

Net Trade

TOP NET EXPORTER (2023)China$1.03B
TOP NET IMPORTER (2023)Netherlands$384M

This map shows which countries export or import more of Compression refrigeration equipment with heat exchange. Each country is colored based on the difference in exports and imports of Compression refrigeration equipment with heat exchange during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Compression refrigeration equipment with heat exchange were China ($1.03B), Sweden ($526M), Japan ($216M), South Korea ($111M), and France ($111M).

In 2023, the countries that had a largest trade value in imports than in exports of Compression refrigeration equipment with heat exchange were Netherlands ($384M), Switzerland ($272M), Germany ($250M), Australia ($155M), and Poland ($138M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Compression refrigeration equipment with heat exchange 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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