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903210 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.83BRnk 787 / 4648
2022
Top Exporter | Top Importer $936M | $1.25BChina | United States
2022
Product Complexity 0.6Rnk 1453 / 4653
2021 - 2022
Export Growth (CAGR) 1.64%Rnk 2732 / 4648
2022
Share of World Trade 0.02%Rnk 787 / 4648

About

Overview This page contains the latest trade data of Thermostats. In 2022, Thermostats were the world's 787th most traded product, with a total trade of $4.83B. Between 2021 and 2022 the exports of Thermostats grew by 1.64%, from $4.75B to $4.83B. Trade in Thermostats represent 0.02% of total world trade.

Thermostats are a part of Thermostats.

Exports In 2022 the top exporters of Thermostats  were China ($936M), Germany ($639M), Mexico ($568M), Italy ($277M), and United States ($259M).

Imports In 2022 the top importers of Thermostats were United States ($1.25B), Germany ($468M), France ($234M), United Kingdom ($213M), and China ($188M).

Ranking Thermostats ranks 1453rd in the Product Complexity Index (PCI).

Description Thermostats are typically used to control the temperature of a room and keep it stable.

Latest Trends

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.

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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$936M
Top Destination (2022)United States$1.25B

In 2022 Thermostats were the world's 787th most traded product (out of 4,648).

In 2022, the top exporters of Thermostats were China ($936M), Germany ($639M), Mexico ($568M), Italy ($277M), and United States ($259M).

In 2022, the top importers of Thermostats were United States ($1.25B), Germany ($468M), France ($234M), United Kingdom ($213M), and China ($188M).

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

Color
Top Origin Growth (2021 -  2022)Poland$57.7M
Top Destination Growth (2021 -  2022)United States$80.4M

Between 2021 and 2022, the exports of Thermostats grew the fastest in Poland ($57.7M), China ($47.4M), Mexico ($43M), Malaysia ($34.8M), and Vietnam ($31.4M).

Between 2021 and 2022, the fastest growing importers of Thermostats were United States ($80.4M), Mexico ($23.2M), Tunisia ($20.8M), Spain ($18M), and United Kingdom ($16.5M).

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Exporters of Thermostats (2021 - 2022)

Importers of Thermostats (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Thermostats are explained by 19 countries.

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Value of Exports in Thermostats

Net Trade

TOP NET EXPORTER (2022)China$748M
TOP NET IMPORTER (2022)United States$987M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Thermostats were China ($748M), Mexico ($386M), Malaysia ($186M), Germany ($171M), and Chinese Taipei ($116M).

In 2022, the countries that had a largest trade value in imports than in exports of Thermostats were United States ($987M), United Kingdom ($126M), Canada ($82.6M), Netherlands ($77.8M), and Austria ($60.9M).

Net Trade (2022)

Country Comparison

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Measure
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 (2022)

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