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841869 (Harmonized System 1992 for 6-digit)

2023
World Trade $12.6BRnk 283 / 4644
2023
Top Exporter | Top Importer $2.92B | $2.4BChina | United States
2023
Product Complexity 0.9Rnk 952 / 4656
2022 - 2023
Export Growth (CAGR) 5.29%Rnk 1011 / 4644
2023
Share of World Trade 0.056%Rnk 283 / 4644

About

Overview This page contains the latest trade data of Refrigerating or freezing equipment nes. In 2023, Refrigerating or freezing equipment nes were the world's 283rd most traded product, with a total trade of $12.6B. Between 2022 and 2023 the exports of Refrigerating or freezing equipment nes grew by 5.29%, from $12B to $12.6B. Trade in Refrigerating or freezing equipment nes represent 0.056% of total world trade.

Refrigerating or freezing equipment nes are a part of Refrigerators.

Exports In 2023 the top exporters of Refrigerating or freezing equipment nes  were China ($2.92B), United States ($1.43B), Italy ($1.31B), Mexico ($1.27B), and France ($839M).

Imports In 2023 the top importers of Refrigerating or freezing equipment nes were United States ($2.4B), Germany ($881M), Canada ($735M), China ($484M), and United Kingdom ($476M).

Ranking Refrigerating or freezing equipment nes ranks 952nd in the Product Complexity Index (PCI).

Description The most common use of refrigerating or freezing equipment is to maintain a constant temperature. This can be achieved by using a refrigerating system to transport cold air from the freezer to a refrigerator, where it is used to cool the inside. Alternatively, the freezer can be hooked up to a refrigeration system, which circulates cold fluid to cool the inside.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Refrigerating or freezing equipment nes. 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$2.92B
Top Destination (2023)United States$2.4B

In 2023 Refrigerating or freezing equipment nes were the world's 283rd most traded product (out of 4,644).

In 2023, the top exporters of Refrigerating or freezing equipment nes were China ($2.92B), United States ($1.43B), Italy ($1.31B), Mexico ($1.27B), and France ($839M).

In 2023, the top importers of Refrigerating or freezing equipment nes were United States ($2.4B), Germany ($881M), Canada ($735M), China ($484M), and United Kingdom ($476M).

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Exporters of Refrigerating or freezing equipment nes (2023)
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Importers of Refrigerating or freezing equipment nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$186M
Top Destination Growth (2022 -  2023)United States$135M

Between 2022 and 2023, the exports of Refrigerating or freezing equipment nes grew the fastest in Mexico ($186M), France ($138M), Italy ($107M), Germany ($70.3M), and United States ($68.2M).

Between 2022 and 2023, the fastest growing importers of Refrigerating or freezing equipment nes were United States ($135M), Russia ($80.7M), Switzerland ($74.1M), United Kingdom ($68.4M), and Saudi Arabia ($58.4M).

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Exporters of Refrigerating or freezing equipment nes (2022 - 2023)

Importers of Refrigerating or freezing equipment nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Refrigerating or freezing equipment nes.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Refrigerating or freezing equipment nes are explained by 17 countries.

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Value of Exports in Refrigerating or freezing equipment nes

Net Trade

TOP NET EXPORTER (2023)China$2.43B
TOP NET IMPORTER (2023)United States$963M

This map shows which countries export or import more of Refrigerating or freezing equipment nes. Each country is colored based on the difference in exports and imports of Refrigerating or freezing equipment nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Refrigerating or freezing equipment nes were China ($2.43B), Italy ($1.12B), Mexico ($861M), France ($452M), and Ireland ($306M).

In 2023, the countries that had a largest trade value in imports than in exports of Refrigerating or freezing equipment nes were United States ($963M), Canada ($530M), United Kingdom ($304M), Australia ($287M), and Saudi Arabia ($239M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Refrigerating or freezing equipment nes 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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