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841899 (Harmonized System 1992 for 6-digit)

2022
World Trade $8.15BRnk 494 / 4648
2022
Top Exporter | Top Importer $1.93B | $1.37BChina | United States
2022
Product Complexity 0.56Rnk 1534 / 4653
2021 - 2022
Export Growth (CAGR) 4.88%Rnk 2243 / 4648
2022
Share of World Trade 0.034%Rnk 494 / 4648

About

Overview This page contains the latest trade data of Parts of refrigerating or freezing equipment. In 2022, Parts of refrigerating or freezing equipment were the world's 494th most traded product, with a total trade of $8.15B. Between 2021 and 2022 the exports of Parts of refrigerating or freezing equipment grew by 4.88%, from $7.77B to $8.15B. Trade in Parts of refrigerating or freezing equipment represent 0.034% of total world trade.

Parts of refrigerating or freezing equipment are a part of Refrigerators.

Exports In 2022 the top exporters of Parts of refrigerating or freezing equipment  were China ($1.93B), Italy ($721M), Mexico ($531M), South Korea ($455M), and Germany ($453M).

Imports In 2022 the top importers of Parts of refrigerating or freezing equipment were United States ($1.37B), Germany ($673M), Mexico ($552M), France ($374M), and Italy ($356M).

Ranking Parts of refrigerating or freezing equipment ranks 1534th in the Product Complexity Index (PCI).

Description Refrigerating and freezing equipment includes the compressor, condenser, expansion valve, evaporator, and receiver. The compressor compresses a gas refrigerant, the condenser separates the liquid refrigerant from the gas refrigerant, the expansion valve regulates the flow of refrigerant to the condenser, the evaporator absorbs heat from the freezer, the receiver stores refrigerant.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of refrigerating or freezing 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 (2022)China$1.93B
Top Destination (2022)United States$1.37B

In 2022 Parts of refrigerating or freezing equipment were the world's 494th most traded product (out of 4,648).

In 2022, the top exporters of Parts of refrigerating or freezing equipment were China ($1.93B), Italy ($721M), Mexico ($531M), South Korea ($455M), and Germany ($453M).

In 2022, the top importers of Parts of refrigerating or freezing equipment were United States ($1.37B), Germany ($673M), Mexico ($552M), France ($374M), and Italy ($356M).

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Exporters of Parts of refrigerating or freezing equipment (2022)
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Importers of Parts of refrigerating or freezing equipment (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$121M
Top Destination Growth (2021 -  2022)United States$210M

Between 2021 and 2022, the exports of Parts of refrigerating or freezing equipment grew the fastest in Mexico ($121M), Canada ($104M), Czechia ($98.1M), China ($92.7M), and United States ($67.2M).

Between 2021 and 2022, the fastest growing importers of Parts of refrigerating or freezing equipment were United States ($210M), Germany ($138M), Italy ($37.4M), Poland ($24.8M), and Slovakia ($22.3M).

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Exporters of Parts of refrigerating or freezing equipment (2021 - 2022)

Importers of Parts of refrigerating or freezing equipment (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of refrigerating or freezing equipment.

In 2022, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Parts of refrigerating or freezing equipment are explained by 21 countries.

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Value of Exports in Parts of refrigerating or freezing equipment

Net Trade

TOP NET EXPORTER (2022)China$1.76B
TOP NET IMPORTER (2022)United States$927M

This map shows which countries export or import more of Parts of refrigerating or freezing equipment. Each country is colored based on the difference in exports and imports of Parts of refrigerating or freezing equipment during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of refrigerating or freezing equipment were China ($1.76B), Italy ($365M), Czechia ($330M), South Korea ($329M), and Turkey ($165M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of refrigerating or freezing equipment were United States ($927M), Germany ($220M), Singapore ($126M), United Kingdom ($116M), and Russia ($90.8M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Parts of refrigerating or freezing 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 (2022)

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