HS Icon Refrigerating or freezing equipment nes

841869 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.31B, Rnk 331 / 4726

Top Exporter (2018): $1.55B, China

Top Importer (2018): $1.31B, United States

Product Complexity (2018): 0.54, Rnk 1587 / 4873

Export Growth (CAGR)(2017 - 2018): 11.6%, Rnk 2427 / 4726

Mean Tariff (2018): 8.85%, Rnk 2588 / 6538

Share of World Trade (2018): 0.051%, Rnk 331 / 4726

Overview:  This page contains the latest trade data of Refrigerating or freezing equipment nes. In 2018, Refrigerating or freezing equipment nes were the world's 331st most traded product, with a total trade of $9.31B. Between 2017 and 2018 the exports of Refrigerating or freezing equipment nes grew by 11.6%, from  $8.34B to $9.31B. Trade in Refrigerating or freezing equipment nes represent 0.051% of total world trade.

Exports: In 2018 the top exporters of Refrigerating or freezing equipment nes  were China ($1.55B), United States ($1.4B), Italy ($773M), Mexico ($731M), and Germany ($652M).

Imports: In 2018 the top importers of Refrigerating or freezing equipment nes were United States ($1.31B), China ($731M), Canada ($688M), Germany ($564M), and France ($327M).

Tariffs: In 2018 the average tariff for Refrigerating or freezing equipment nes was 8.85%, been the 2588 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Refrigerating or freezing equipment nes are Bahamas (41.1%), Iran (37.5%), Malaysia (30%), Algeria (29.1%), and Sudan (28%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Refrigerating or freezing equipment nes ranks 1587th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.55B

Top Destination (2018): United States, $1.31B

Refrigerating or freezing equipment nes are the world's 331st most traded product.

In 2018, the top exporters of Refrigerating or freezing equipment nes were China ($1.55B), United States ($1.4B), Italy ($773M), Mexico ($731M), and Germany ($652M).

In 2018, the top importers of Refrigerating or freezing equipment nes were United States ($1.31B), China ($731M), Canada ($688M), Germany ($564M), and France ($327M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $243M

Top Destination Growth (2017 - 2018): United Kingdom, $113M

Between 2017 and 2018, the exports of Refrigerating or freezing equipment nes grew the fastest in United States ($243M), Germany ($147M), Singapore ($140M), Ireland ($125M), and Netherlands ($64M).

Between 2017 and 2018, the fastest growing importers of Refrigerating or freezing equipment nes were United Kingdom ($113M), China ($111M), Spain ($87M), Saudi Arabia ($71.7M), and Japan ($71.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Refrigerating or freezing equipment nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Refrigerating or freezing equipment nes are explained by 19 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $824M

TOP NET IMPORTER (2018): Canada, $534M

This map shows which countries export or import more of Refrigerating or freezing equipment nes. Each country is colored based on the difference in exports and imports of Refrigerating or freezing equipment nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Refrigerating or freezing equipment nes were China ($824M), Italy ($583M), Mexico ($552M), Singapore ($434M), and Ireland ($372M).

In 2018, the countries that had a largest trade value in imports than in exports of Refrigerating or freezing equipment nes were Canada ($534M), Australia ($182M), United Kingdom ($175M), Saudi Arabia ($165M), and Russia ($142M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Refrigerating or freezing equipment nes. 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 Refrigerating or freezing equipment nes was 8.85%.  The countries with the highest tariffs for importing Refrigerating or freezing equipment nes were Bahamas (41.1%), Iran (37.5%), Malaysia (30%), Algeria (29.1%), and Sudan (28%).

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.