Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading no. 8415

8418 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Refrigerators. In 2022, Refrigerators were the world's 72nd most traded product, with a total trade of $62.5B. Between 2021 and 2022 the exports of Refrigerators grew by 0.67%, from $62.1B to $62.5B. Trade in Refrigerators represent 0.26% of total world trade.

Refrigerators are a part of Machinery, mechanical appliances, & parts. They include Combined refrigerator-freezers, two door, Refrigerating or freezing equipment nes, Parts of refrigerating or freezing equipment, Refrigerator/freezer chests/cabinets/showcases, Refrigerators, household compression type, Compression refrigeration equipment with heat exchange, Freezers of the chest type, < 800 litre capacity, Freezers of the upright type, < 900 litre capacity, Refrigerators, household type, including non-electric, and Furniture to take refrigerating/freezing equipment, among others.

Exports In 2022 the top exporters of Refrigerators  were China ($16.7B), Mexico ($7.06B), Italy ($4.21B), South Korea ($3.45B), and Germany ($3.29B).

Imports In 2022 the top importers of Refrigerators were United States ($14B), Germany ($4.27B), France ($2.82B), United Kingdom ($2.11B), and Canada ($2.08B).

Ranking Refrigerators ranks 404th in the Product Complexity Index (PCI).

Description Refrigerators, freezers and other refrigerating or freezing equipment are used to keep food cold or frozen. They can be made from a variety of materials, including stainless steel, aluminum, copper, plastic and wood.

Latest Data

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The following visualization shows the latest trends on Refrigerators. 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$16.7B
Top Destination (2022)United States$14B

In 2022 Refrigerators were the world's 72nd most traded product (out of 1,218).

In 2022, the top exporters of Refrigerators were China ($16.7B), Mexico ($7.06B), Italy ($4.21B), South Korea ($3.45B), and Germany ($3.29B).

In 2022, the top importers of Refrigerators were United States ($14B), Germany ($4.27B), France ($2.82B), United Kingdom ($2.11B), and Canada ($2.08B).

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Exporters of Refrigerators (2022)
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Importers of Refrigerators (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$827M
Top Destination Growth (2021 -  2022)United States$853M

Between 2021 and 2022, the exports of Refrigerators grew the fastest in Mexico ($827M), United States ($361M), Canada ($156M), Italy ($149M), and Germany ($136M).

Between 2021 and 2022, the fastest growing importers of Refrigerators were United States ($853M), Italy ($218M), Mexico ($209M), Poland ($192M), and Australia ($158M).

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Exporters of Refrigerators (2021 - 2022)

Importers of Refrigerators (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Refrigerators.

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Value of Exports in Refrigerators

Net Trade

TOP NET EXPORTER (2022)China$15.5B
TOP NET IMPORTER (2022)United States$11.3B

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

In 2022, the countries that had a largest trade value in exports than in imports of Refrigerators were China ($15.5B), Mexico ($5.8B), South Korea ($2.61B), Italy ($2.34B), and Turkey ($2.31B).

In 2022, the countries that had a largest trade value in imports than in exports of Refrigerators were United States ($11.3B), United Kingdom ($1.63B), Canada ($1.51B), Australia ($1.42B), and France ($977M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Refrigerators, disaggragated by their HS6 level were Combined refrigerator-freezers, two door ($19.1B), Refrigerating or freezing equipment nes ($11.8B), Parts of refrigerating or freezing equipment ($8.15B), Refrigerator/freezer chests/cabinets/showcases ($7.96B), and Compression refrigeration equipment with heat exchange ($5.84B)

HS6 Disaggregation for Refrigerators (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Refrigerators by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $39.2M
TOP IMPORT POTENTIALChina+ $88.7M

Refrigerators’s highest export potential is Canada. With an export gap of $39.2M.  Refrigerators’s highest import potential is China with an import gap of $88.7M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Refrigerators to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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