Regulating or controlling instruments and apparatus; automatic type

9032 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Thermostats. In 2021, Thermostats were the world's 123rd most traded product, with a total trade of $36.2B. Between 2020 and 2021 the exports of Thermostats grew by 11.8%, from $32.3B to $36.2B. Trade in Thermostats represent 0.17% of total world trade.

Thermostats are a part of Optical, photo, & film equipment; medical instruments. They include Automatic regulating/controlling equipment nes, Parts and accessories for automatic controls, Thermostats, Hydraulic and pneumatic automatic controls, and Manostats.

Exports In 2021 the top exporters of Thermostats  were Japan ($5.88B), China ($5.23B), Germany ($4.93B), United States ($3.09B), and Mexico ($1.96B).

Imports In 2021 the top importers of Thermostats were United States ($6.13B), China ($3.52B), Germany ($3B), France ($1.35B), and Thailand ($1.29B).

Ranking Thermostats ranks 160th in the Product Complexity Index (PCI).

Description Regulating or controlling instruments and apparatus are used to control the flow of a liquid, gas, or other substance. They can be made from a variety of materials, including plastic, metal, wood, and glass.

Latest Data

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The following visualization shows the latest trends on Thermostats. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)Japan$5.88B
Top Destination (2021)United States$6.13B

In 2021 Thermostats were the world's 123rd most traded product (out of 1,217).

In 2021, the top exporters of Thermostats were Japan ($5.88B), China ($5.23B), Germany ($4.93B), United States ($3.09B), and Mexico ($1.96B).

In 2021, the top importers of Thermostats were United States ($6.13B), China ($3.52B), Germany ($3B), France ($1.35B), and Thailand ($1.29B).

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Exporters of Thermostats (2021)
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Importers of Thermostats (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)China$1.08B
Top Destination Growth (2020 -  2021)Germany$513M

Between 2020 and 2021, the exports of Thermostats grew the fastest in China ($1.08B), Japan ($1.02B), United States ($172M), France ($168M), and Italy ($167M).

Between 2020 and 2021, the fastest growing importers of Thermostats were Germany ($513M), China ($338M), Thailand ($270M), United States ($245M), and South Korea ($172M).

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Exporters of Thermostats (2020 - 2021)

Importers of Thermostats (2020 - 2021)

Market Concentration

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Thermostats are explained by 20 countries.

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Value of Exports in Thermostats

Net Trade

TOP NET EXPORTER (2021)Japan$4.64B
TOP NET IMPORTER (2021)United States$3.03B

This map shows which countries export or import more of Thermostats. Each country is colored based on the difference in exports and imports of Thermostats during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Thermostats were Japan ($4.64B), Germany ($1.92B), China ($1.71B), Mexico ($794M), and Hungary ($490M).

In 2021, the countries that had a largest trade value in imports than in exports of Thermostats were United States ($3.03B), Hong Kong ($815M), Thailand ($713M), Brazil ($602M), and Russia ($497M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Thermostats, disaggragated by their HS6 level were Automatic regulating/controlling equipment nes ($21.4B), Parts and accessories for automatic controls ($6.66B), Thermostats ($4.71B), Hydraulic and pneumatic automatic controls ($2.29B), and Manostats ($1.07B)

HS6 Disaggregation for Thermostats (2021)
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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 Thermostats.
It is possible to select the main countries that export or import Thermostats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Thermostats 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 (2021)

Country by Relatedness

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

Relative Relatedness by Country (2021)

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