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841990 (Harmonized System 1992 for 6-digit)

2022
World Trade $7.39BRnk 530 / 4648
2022
Top Exporter | Top Importer $1.53B | $1.12BChina | United States
2022
Product Complexity 0.96Rnk 830 / 4653
2021 - 2022
Export Growth (CAGR) 9.07%Rnk 1714 / 4648
2022
Share of World Trade 0.031%Rnk 530 / 4648

About

Overview This page contains the latest trade data of Parts, laboratory/industrial heating/cooling machiner. In 2022, Parts, laboratory/industrial heating/cooling machiner were the world's 530th most traded product, with a total trade of $7.39B. Between 2021 and 2022 the exports of Parts, laboratory/industrial heating/cooling machiner grew by 9.07%, from $6.77B to $7.39B. Trade in Parts, laboratory/industrial heating/cooling machiner represent 0.031% of total world trade.

Parts, laboratory/industrial heating/cooling machiner are a part of Other Heating Machinery.

Exports In 2022 the top exporters of Parts, laboratory/industrial heating/cooling machiner  were China ($1.53B), Germany ($733M), United States ($727M), Italy ($467M), and Sweden ($335M).

Imports In 2022 the top importers of Parts, laboratory/industrial heating/cooling machiner were United States ($1.12B), Germany ($482M), China ($327M), Japan ($322M), and Mexico ($315M).

Ranking Parts, laboratory/industrial heating/cooling machiner ranks 830th in the Product Complexity Index (PCI).

Description Industrial heating and cooling machines can be used to heat and cool, either fluids or gases. They are typically used in the laboratory setting to maintain a constant temperature. How does an air-conditioner work? An air conditioner has the ability to cool the air by sucking in hot air and pushing out cooled air. The cool air is pushed out the back of the room and the hot air is pushed out the front.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts, laboratory/industrial heating/cooling machiner. 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 (2022)China$1.53B
Top Destination (2022)United States$1.12B

In 2022 Parts, laboratory/industrial heating/cooling machiner were the world's 530th most traded product (out of 4,648).

In 2022, the top exporters of Parts, laboratory/industrial heating/cooling machiner were China ($1.53B), Germany ($733M), United States ($727M), Italy ($467M), and Sweden ($335M).

In 2022, the top importers of Parts, laboratory/industrial heating/cooling machiner were United States ($1.12B), Germany ($482M), China ($327M), Japan ($322M), and Mexico ($315M).

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Exporters of Parts, laboratory/industrial heating/cooling machiner (2022)
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Importers of Parts, laboratory/industrial heating/cooling machiner (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$285M
Top Destination Growth (2021 -  2022)United States$155M

Between 2021 and 2022, the exports of Parts, laboratory/industrial heating/cooling machiner grew the fastest in China ($285M), United States ($124M), India ($84.2M), Vietnam ($70.4M), and United Kingdom ($60.2M).

Between 2021 and 2022, the fastest growing importers of Parts, laboratory/industrial heating/cooling machiner were United States ($155M), Mexico ($91.1M), Japan ($89.9M), Canada ($70.5M), and Malaysia ($63.1M).

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Exporters of Parts, laboratory/industrial heating/cooling machiner (2021 - 2022)

Importers of Parts, laboratory/industrial heating/cooling machiner (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts, laboratory/industrial heating/cooling machiner.

In 2022, market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Parts, laboratory/industrial heating/cooling machiner are explained by 22 countries.

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Value of Exports in Parts, laboratory/industrial heating/cooling machiner

Net Trade

TOP NET EXPORTER (2022)China$1.21B
TOP NET IMPORTER (2022)United States$395M

This map shows which countries export or import more of Parts, laboratory/industrial heating/cooling machiner. Each country is colored based on the difference in exports and imports of Parts, laboratory/industrial heating/cooling machiner during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts, laboratory/industrial heating/cooling machiner were China ($1.21B), Italy ($272M), Germany ($251M), Sweden ($203M), and Switzerland ($125M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts, laboratory/industrial heating/cooling machiner were United States ($395M), Mexico ($167M), Russia ($145M), Indonesia ($142M), and Japan ($137M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts, laboratory/industrial heating/cooling machiner.
It is possible to select the main countries that export or import Parts, laboratory/industrial heating/cooling machiner in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts, laboratory/industrial heating/cooling machiner 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 (2022)

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