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841950 (Harmonized System 1992 for 6-digit)

2023
World Trade $13.6BRnk 263 / 4644
2023
Top Exporter | Top Importer $2.04B | $1.68BChina | United States
2023
Product Complexity 1.26Rnk 379 / 4656
2022 - 2023
Export Growth (CAGR) 10.8%Rnk 637 / 4644
2023
Share of World Trade 0.06%Rnk 263 / 4644

About

Overview This page contains the latest trade data of Heat exchange units, non-domestic, non-electric. In 2023, Heat exchange units, non-domestic, non-electric were the world's 263rd most traded product, with a total trade of $13.6B. Between 2022 and 2023 the exports of Heat exchange units, non-domestic, non-electric grew by 10.8%, from $12.3B to $13.6B. Trade in Heat exchange units, non-domestic, non-electric represent 0.06% of total world trade.

Heat exchange units, non-domestic, non-electric are a part of Other Heating Machinery.

Exports In 2023 the top exporters of Heat exchange units, non-domestic, non-electric  were China ($2.04B), United States ($1.55B), Germany ($1.34B), Italy ($1.1B), and France ($695M).

Imports In 2023 the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.68B), Germany ($1.28B), China ($898M), France ($516M), and Italy ($491M).

Ranking Heat exchange units, non-domestic, non-electric ranks 379th in the Product Complexity Index (PCI).

Description A heat exchanger is a device that transfers thermal energy from one fluid to another fluid with a lower temperature. Domestic: Heat exchangers are used in homes to provide heating and cooling. Non-domestic: Heat exchangers are used in a variety of industries to provide heating and cooling. For example, heat exchangers are used in power plants, gas turbines, and chemical processing plants. What are the three main types of heat exchangers? The three main types of heat exchangers are finned tube, shell and tube, and

Latest Trends

Latest Data

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The following visualization shows the latest trends on Heat exchange units, non-domestic, non-electric. 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$2.04B
Top Destination (2023)United States$1.68B

In 2023 Heat exchange units, non-domestic, non-electric were the world's 263rd most traded product (out of 4,644).

In 2023, the top exporters of Heat exchange units, non-domestic, non-electric were China ($2.04B), United States ($1.55B), Germany ($1.34B), Italy ($1.1B), and France ($695M).

In 2023, the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.68B), Germany ($1.28B), China ($898M), France ($516M), and Italy ($491M).

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Exporters of Heat exchange units, non-domestic, non-electric (2023)
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Importers of Heat exchange units, non-domestic, non-electric (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$165M
Top Destination Growth (2022 -  2023)China$289M

Between 2022 and 2023, the exports of Heat exchange units, non-domestic, non-electric grew the fastest in Germany ($165M), Russia ($158M), China ($151M), United States ($151M), and Italy ($81.2M).

Between 2022 and 2023, the fastest growing importers of Heat exchange units, non-domestic, non-electric were China ($289M), Saudi Arabia ($135M), Japan ($96.2M), Singapore ($88.6M), and United States ($86.2M).

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Exporters of Heat exchange units, non-domestic, non-electric (2022 - 2023)

Importers of Heat exchange units, non-domestic, non-electric (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Heat exchange units, non-domestic, non-electric.

In 2023, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Heat exchange units, non-domestic, non-electric are explained by 24 countries.

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Value of Exports in Heat exchange units, non-domestic, non-electric

Net Trade

TOP NET EXPORTER (2023)China$1.14B
TOP NET IMPORTER (2023)Canada$297M

This map shows which countries export or import more of Heat exchange units, non-domestic, non-electric. Each country is colored based on the difference in exports and imports of Heat exchange units, non-domestic, non-electric during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Heat exchange units, non-domestic, non-electric were China ($1.14B), Italy ($612M), South Korea ($397M), Sweden ($303M), and France ($180M).

In 2023, the countries that had a largest trade value in imports than in exports of Heat exchange units, non-domestic, non-electric were Canada ($297M), Saudi Arabia ($268M), Indonesia ($242M), Singapore ($203M), and Qatar ($166M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Heat exchange units, non-domestic, non-electric.
It is possible to select the main countries that export or import Heat exchange units, non-domestic, non-electric in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Heat exchange units, non-domestic, non-electric 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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