Other Heating Machinery8419 (Harmonized System 1992 for 4-digit)
2020 World Trade: $40.8B, Rnk 86 / 1217
2020 Top Exporter | Top Importer: $5.73B | $5.54B, Germany | United States
2020 Product Complexity: 1.11, Rnk 139 / 1028
2019 - 2020 Export Growth (CAGR): -2.64%, Rnk 430 / 1217
2018 Mean Tariff: 5.66%, Rnk 744 / 1259
2020 Share of World Trade: 0.24%, Rnk 86 / 1217
Overview This page contains the latest trade data of Other Heating Machinery. In 2020, Other Heating Machinery were the world's 86th most traded product, with a total trade of $40.8B. Between 2019 and 2020 the exports of Other Heating Machinery decreased by -2.64%, from $41.9B to $40.8B. Trade in Other Heating Machinery represent 0.24% of total world trade.
Other Heating Machinery are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Heat exchange units, non-domestic, non-electric, Machinery for treatment by temperature change nes, Parts, laboratory/industrial heating/cooling machiner, Commercial equipment, hot drinks/cooking/heating food, Non-domestic, non-electric dryers nes, Instantaneous/storage water heaters, not electric nes, Distilling or rectifying plant, Machinery for liquefying air or other gases, Medical, surgical or laboratory sterilizers, and Instantaneous gas water heaters, among others.
Exports In 2020 the top exporters of Other Heating Machinery were Germany ($5.73B), China ($5.37B), Italy ($4.02B), South Korea ($3.58B), and United States ($3.46B).
Imports In 2020 the top importers of Other Heating Machinery were United States ($5.54B), China ($2.67B), Germany ($2.51B), Russia ($2.14B), and Kazakhstan ($1.54B).
Tariffs In 2018 the average tariff for Other Heating Machinery was 5.66%, making it the 744th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Other Heating Machinery are Bahamas (32.6%), Cayman Islands (22%), Bermuda (20%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Other Heating Machinery ranks 139th in the Product Complexity Index (PCI).
Description Machinery, plant or laboratory equipment is used to process materials. It can be made from a variety of materials, including steel, aluminum, and plastic.
The following visualization shows the latest trends on Other Heating Machinery. 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.
Trade By Country
Top Origin (2020): Germany, $5.73B
Top Destination (2020): United States, $5.54B
Other Heating Machinery are the world's 86th most traded product.
In 2020, the top exporters of Other Heating Machinery were Germany ($5.73B), China ($5.37B), Italy ($4.02B), South Korea ($3.58B), and United States ($3.46B).
In 2020, the top importers of Other Heating Machinery were United States ($5.54B), China ($2.67B), Germany ($2.51B), Russia ($2.14B), and Kazakhstan ($1.54B).
Trade by country
Top Origin Growth (2019 - 2020): South Korea, $1.54B
Top Destination Growth (2019 - 2020): Kazakhstan, $1.14B
Between 2019 and 2020, the exports of Other Heating Machinery grew the fastest in South Korea ($1.54B), Singapore ($140M), Thailand ($92.6M), Italy ($79.4M), and Finland ($69.9M).
Between 2019 and 2020, the fastest growing importers of Other Heating Machinery were Kazakhstan ($1.14B), Russia ($493M), Bahrain ($266M), Hungary ($109M), and Bangladesh ($93M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Heating Machinery.
In 2020, market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Other Heating Machinery are explained by 22 countries.
TOP NET EXPORTER (2020): Germany, $3.22B
TOP NET IMPORTER (2020): United States, $2.08B
This map shows which countries export or import more of Other Heating Machinery. Each country is colored based on the difference in exports and imports of Other Heating Machinery during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Other Heating Machinery were Germany ($3.22B), Italy ($3.18B), China ($2.7B), South Korea ($2.55B), and Switzerland ($675M).
In 2020, the countries that had a largest trade value in imports than in exports of Other Heating Machinery were United States ($2.08B), Russia ($1.68B), Kazakhstan ($1.54B), Indonesia ($679M), and Canada ($540M).
In 2020, the world most traded Other Heating Machinery, disaggragated by their HS6 level were Heat exchange units, non-domestic, non-electric ($10.4B), Machinery for treatment by temperature change... ($8.9B), Parts, laboratory/industrial heating/cooling machiner ($5.95B), Commercial equipment, hot drinks/cooking/heating food ($4.67B), and Distilling or rectifying plant ($2.57B)
This visualization shows the countries that have an important ratio of their trade related to Other Heating Machinery. It is possible to select the main countries that export or import Other Heating Machinery in the world, or by continent, as well as select the measure of interest.
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.
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