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841821 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.42BRnk 856 / 4648
2022
Top Exporter | Top Importer $1.53B | $870MChina | United States
2022
Product Complexity -0.3Rnk 2949 / 4653
2021 - 2022
Export Growth (CAGR) -11.2%Rnk 4017 / 4648
2022
Share of World Trade 0.019%Rnk 856 / 4648

About

Overview This page contains the latest trade data of Refrigerators, household compression type. In 2022, Refrigerators, household compression type were the world's 856th most traded product, with a total trade of $4.42B. Between 2021 and 2022 the exports of Refrigerators, household compression type decreased by -11.2%, from $4.97B to $4.42B. Trade in Refrigerators, household compression type represent 0.019% of total world trade.

Refrigerators, household compression type are a part of Refrigerators.

Exports In 2022 the top exporters of Refrigerators, household compression type  were China ($1.53B), Thailand ($482M), Germany ($390M), Turkey ($271M), and Italy ($265M).

Imports In 2022 the top importers of Refrigerators, household compression type were United States ($870M), Germany ($266M), France ($196M), United Kingdom ($184M), and Netherlands ($171M).

Ranking Refrigerators, household compression type ranks 2949th in the Product Complexity Index (PCI).

Description Refrigerators are commonly used to store food and drink that is needing to be kept cold. This is done by using a cooling system, which is generally a compressor and evaporator. This system compresses the refrigerant in a high-pressure side and sends it to a low-pressure side where it changes to a liquid. Then the heat is removed, and the liquid is converted back to a gas. When the gas is returned to the high-pressure side, it gives up its heat, and the cycle begins again.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Refrigerators, household compression type. 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$870M

In 2022 Refrigerators, household compression type were the world's 856th most traded product (out of 4,648).

In 2022, the top exporters of Refrigerators, household compression type were China ($1.53B), Thailand ($482M), Germany ($390M), Turkey ($271M), and Italy ($265M).

In 2022, the top importers of Refrigerators, household compression type were United States ($870M), Germany ($266M), France ($196M), United Kingdom ($184M), and Netherlands ($171M).

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Exporters of Refrigerators, household compression type (2022)
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Importers of Refrigerators, household compression type (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$31.7M
Top Destination Growth (2021 -  2022)Israel$60.4M

Between 2021 and 2022, the exports of Refrigerators, household compression type grew the fastest in South Korea ($31.7M), Indonesia ($25M), United States ($23.3M), Japan ($21.7M), and Poland ($19.4M).

Between 2021 and 2022, the fastest growing importers of Refrigerators, household compression type were Israel ($60.4M), India ($24.6M), Chinese Taipei ($14.8M), China ($14.7M), and Canada ($13.6M).

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Exporters of Refrigerators, household compression type (2021 - 2022)

Importers of Refrigerators, household compression type (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Refrigerators, household compression type.

In 2022, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Refrigerators, household compression type are explained by 14 countries.

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Value of Exports in Refrigerators, household compression type

Net Trade

TOP NET EXPORTER (2022)China$1.47B
TOP NET IMPORTER (2022)United States$787M

This map shows which countries export or import more of Refrigerators, household compression type. Each country is colored based on the difference in exports and imports of Refrigerators, household compression type during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Refrigerators, household compression type were China ($1.47B), Thailand ($463M), Turkey ($261M), Italy ($189M), and Germany ($124M).

In 2022, the countries that had a largest trade value in imports than in exports of Refrigerators, household compression type were United States ($787M), United Kingdom ($176M), France ($175M), Israel ($127M), and Australia ($124M).

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 Refrigerators, household compression type.
It is possible to select the main countries that export or import Refrigerators, household compression type in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Refrigerators, household compression type 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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