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841899 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.35BRnk 445 / 4644
2023
Top Exporter | Top Importer $1.85B | $1.32BChina | United States
2023
Product Complexity 0.72Rnk 1245 / 4656
2022 - 2023
Export Growth (CAGR) 0.75%Rnk 1467 / 4644
2023
Share of World Trade 0.037%Rnk 445 / 4644

About

Overview This page contains the latest trade data of Parts of refrigerating or freezing equipment. In 2023, Parts of refrigerating or freezing equipment were the world's 445th most traded product, with a total trade of $8.35B. Between 2022 and 2023 the exports of Parts of refrigerating or freezing equipment grew by 0.75%, from $8.29B to $8.35B. Trade in Parts of refrigerating or freezing equipment represent 0.037% of total world trade.

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

Exports In 2023 the top exporters of Parts of refrigerating or freezing equipment  were China ($1.85B), Italy ($774M), Mexico ($592M), Germany ($569M), and United States ($428M).

Imports In 2023 the top importers of Parts of refrigerating or freezing equipment were United States ($1.32B), Germany ($730M), France ($499M), Mexico ($494M), and Italy ($405M).

Ranking Parts of refrigerating or freezing equipment ranks 1245th 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 (2023)China$1.85B
Top Destination (2023)United States$1.32B

In 2023 Parts of refrigerating or freezing equipment were the world's 445th most traded product (out of 4,644).

In 2023, the top exporters of Parts of refrigerating or freezing equipment were China ($1.85B), Italy ($774M), Mexico ($592M), Germany ($569M), and United States ($428M).

In 2023, the top importers of Parts of refrigerating or freezing equipment were United States ($1.32B), Germany ($730M), France ($499M), Mexico ($494M), and Italy ($405M).

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Exporters of Parts of refrigerating or freezing equipment (2023)
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Importers of Parts of refrigerating or freezing equipment (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$56.9M
Top Destination Growth (2022 -  2023)Germany$125M

Between 2022 and 2023, the exports of Parts of refrigerating or freezing equipment grew the fastest in Czechia ($56.9M), Germany ($54.5M), France ($45M), Italy ($42.8M), and Slovakia ($38.9M).

Between 2022 and 2023, the fastest growing importers of Parts of refrigerating or freezing equipment were Germany ($125M), France ($96.7M), Spain ($51M), Slovakia ($24M), and Algeria ($22M).

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Exporters of Parts of refrigerating or freezing equipment (2022 - 2023)

Importers of Parts of refrigerating or freezing equipment (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Parts of refrigerating or freezing equipment are explained by 22 countries.

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Value of Exports in Parts of refrigerating or freezing equipment

Net Trade

TOP NET EXPORTER (2023)China$1.71B
TOP NET IMPORTER (2023)United States$889M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of refrigerating or freezing equipment were China ($1.71B), Italy ($369M), Czechia ($244M), Turkey ($185M), and South Korea ($171M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of refrigerating or freezing equipment were United States ($889M), Germany ($161M), France ($159M), United Kingdom ($155M), and Singapore ($105M).

Net Trade (2023)

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 (2023)

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