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841430 (Harmonized System 1992 for 6-digit)

2023
World Trade $15.8BRnk 209 / 4644
2023
Top Exporter | Top Importer $4.57B | $2.7BChina | United States
2023
Product Complexity 1.2Rnk 460 / 4656
2022 - 2023
Export Growth (CAGR) -4.57%Rnk 2051 / 4644
2023
Share of World Trade 0.07%Rnk 209 / 4644

About

Overview This page contains the latest trade data of Compressors for refrigerating equipment. In 2023, Compressors for refrigerating equipment were the world's 209th most traded product, with a total trade of $15.8B. Between 2022 and 2023 the exports of Compressors for refrigerating equipment decreased by -4.57%, from $16.5B to $15.8B. Trade in Compressors for refrigerating equipment represent 0.07% of total world trade.

Compressors for refrigerating equipment are a part of Air Pumps.

Exports In 2023 the top exporters of Compressors for refrigerating equipment  were China ($4.57B), Japan ($1.81B), United States ($1.37B), South Korea ($1.25B), and Germany ($1.2B).

Imports In 2023 the top importers of Compressors for refrigerating equipment were United States ($2.7B), Mexico ($1.36B), Germany ($1.22B), China ($845M), and Turkey ($673M).

Ranking Compressors for refrigerating equipment ranks 460th in the Product Complexity Index (PCI).

Description Compressors are used in refrigerating equipment to provide the cooling effect in a refrigerator. Compressors are typically driven by a motor, and they are either single-stage or multi-stage. Single-stage compressors are typically used in domestic refrigerators, while multi-stage compressors are typically used in commercial refrigerators.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Compressors for refrigerating equipment. 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$4.57B
Top Destination (2023)United States$2.7B

In 2023 Compressors for refrigerating equipment were the world's 209th most traded product (out of 4,644).

In 2023, the top exporters of Compressors for refrigerating equipment were China ($4.57B), Japan ($1.81B), United States ($1.37B), South Korea ($1.25B), and Germany ($1.2B).

In 2023, the top importers of Compressors for refrigerating equipment were United States ($2.7B), Mexico ($1.36B), Germany ($1.22B), China ($845M), and Turkey ($673M).

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Exporters of Compressors for refrigerating equipment (2023)
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Importers of Compressors for refrigerating equipment (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$91.9M
Top Destination Growth (2022 -  2023)Qatar$102M

Between 2022 and 2023, the exports of Compressors for refrigerating equipment grew the fastest in United States ($91.9M), South Korea ($77.6M), Germany ($59.8M), Hungary ($42.1M), and Netherlands ($37.6M).

Between 2022 and 2023, the fastest growing importers of Compressors for refrigerating equipment were Qatar ($102M), Mexico ($98M), United Kingdom ($79.5M), Indonesia ($48.5M), and Czechia ($38.8M).

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Exporters of Compressors for refrigerating equipment (2022 - 2023)

Importers of Compressors for refrigerating equipment (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Compressors for refrigerating equipment.

In 2023, market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Compressors for refrigerating equipment are explained by 13 countries.

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Value of Exports in Compressors for refrigerating equipment

Net Trade

TOP NET EXPORTER (2023)China$3.73B
TOP NET IMPORTER (2023)United States$1.33B

This map shows which countries export or import more of Compressors for refrigerating equipment. Each country is colored based on the difference in exports and imports of Compressors for refrigerating equipment during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Compressors for refrigerating equipment were China ($3.73B), Japan ($1.57B), South Korea ($709M), Thailand ($343M), and Portugal ($232M).

In 2023, the countries that had a largest trade value in imports than in exports of Compressors for refrigerating equipment were United States ($1.33B), Turkey ($634M), Mexico ($350M), Canada ($277M), and Italy ($273M).

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 Compressors for refrigerating equipment.
It is possible to select the main countries that export or import Compressors for refrigerating equipment in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Compressors for refrigerating equipment 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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