HS Icon Refrigerator/freezer chests/cabinets/showcases

841850 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.24B, Rnk 524 / 4726

Top Exporter (2018): $1.25B, China

Top Importer (2018): $873M, United States

Product Complexity (2018): 0.14, Rnk 2355 / 4873

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 2421 / 4726

Mean Tariff (2018): 12.7%, Rnk 1639 / 6538

Share of World Trade (2018): 0.034%, Rnk 524 / 4726

Overview:  This page contains the latest trade data of Refrigerator/freezer chests/cabinets/showcases. In 2018, Refrigerator/freezer chests/cabinets/showcases were the world's 524th most traded product, with a total trade of $6.24B. Between 2017 and 2018 the exports of Refrigerator/freezer chests/cabinets/showcases grew by 11.7%, from  $5.59B to $6.24B. Trade in Refrigerator/freezer chests/cabinets/showcases represent 0.034% of total world trade.

Exports: In 2018 the top exporters of Refrigerator/freezer chests/cabinets/showcases  were China ($1.25B), Italy ($1.05B), Austria ($524M), Mexico ($406M), and Czechia ($360M).

Imports: In 2018 the top importers of Refrigerator/freezer chests/cabinets/showcases were United States ($873M), Germany ($697M), France ($454M), United Kingdom ($266M), and Netherlands ($185M).

Tariffs: In 2018 the average tariff for Refrigerator/freezer chests/cabinets/showcases was 12.7%, been the 1639 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Refrigerator/freezer chests/cabinets/showcases are Zimbabwe (54.7%), Iran (50%), Bahamas (40.2%), Sudan (35%), and Egypt (31.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Refrigerator/freezer chests/cabinets/showcases ranks 2355th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.25B

Top Destination (2018): United States, $873M

Refrigerator/freezer chests/cabinets/showcases are the world's 524th most traded product.

In 2018, the top exporters of Refrigerator/freezer chests/cabinets/showcases were China ($1.25B), Italy ($1.05B), Austria ($524M), Mexico ($406M), and Czechia ($360M).

In 2018, the top importers of Refrigerator/freezer chests/cabinets/showcases were United States ($873M), Germany ($697M), France ($454M), United Kingdom ($266M), and Netherlands ($185M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $158M

Top Destination Growth (2017 - 2018): United States, $150M

Between 2017 and 2018, the exports of Refrigerator/freezer chests/cabinets/showcases grew the fastest in China ($158M), Italy ($152M), Czechia ($73.5M), Austria ($46.6M), and Belgium-Luxembourg ($40.9M).

Between 2017 and 2018, the fastest growing importers of Refrigerator/freezer chests/cabinets/showcases were United States ($150M), Germany ($97.9M), Austria ($58.7M), Netherlands ($48.2M), and Spain ($39.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Refrigerator/freezer chests/cabinets/showcases.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Refrigerator/freezer chests/cabinets/showcases are explained by 19 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.22B

TOP NET IMPORTER (2018): United States, $640M

This map shows which countries export or import more of Refrigerator/freezer chests/cabinets/showcases. Each country is colored based on the difference in exports and imports of Refrigerator/freezer chests/cabinets/showcases during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Refrigerator/freezer chests/cabinets/showcases were China ($1.22B), Italy ($915M), Austria ($353M), Mexico ($338M), and Czechia ($296M).

In 2018, the countries that had a largest trade value in imports than in exports of Refrigerator/freezer chests/cabinets/showcases were United States ($640M), Germany ($503M), France ($359M), United Kingdom ($203M), and Australia ($172M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Refrigerator/freezer chests/cabinets/showcases. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Refrigerator/freezer chests/cabinets/showcases was 12.7%.  The countries with the highest tariffs for importing Refrigerator/freezer chests/cabinets/showcases were Zimbabwe (54.7%), Iran (50%), Bahamas (40.2%), Sudan (35%), and Egypt (31.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.