HS Icon Heat exchange units, non-domestic, non-electric

841950 (Harmonized System 1992 for 6-digit)

World Trade (2018): $10.9B, Rnk 283 / 4726

Top Exporter (2018): $1.45B, Germany

Top Importer (2018): $1.41B, United States

Product Complexity (2018): 0.94, Rnk 867 / 4873

Export Growth (CAGR)(2017 - 2018): 11.3%, Rnk 2471 / 4726

Mean Tariff (2018): 3.78%, Rnk 5189 / 6538

Share of World Trade (2018): 0.059%, Rnk 283 / 4726

Overview:  This page contains the latest trade data of Heat exchange units, non-domestic, non-electric. In 2018, Heat exchange units, non-domestic, non-electric were the world's 283rd most traded product, with a total trade of $10.9B. Between 2017 and 2018 the exports of Heat exchange units, non-domestic, non-electric grew by 11.3%, from  $9.78B to $10.9B. Trade in Heat exchange units, non-domestic, non-electric represent 0.059% of total world trade.

Exports: In 2018 the top exporters of Heat exchange units, non-domestic, non-electric  were Germany ($1.45B), China ($1.27B), United States ($1.13B), Italy ($1.08B), and South Korea ($558M).

Imports: In 2018 the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.41B), Germany ($968M), India ($494M), China ($476M), and France ($430M).

Tariffs: In 2018 the average tariff for Heat exchange units, non-domestic, non-electric was 3.78%, been the 5189 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Heat exchange units, non-domestic, non-electric are Bahamas (40.2%), Bermuda (25%), Pakistan (19.9%), Maldives (19.6%), and Ecuador (16.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Heat exchange units, non-domestic, non-electric ranks 867th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.45B

Top Destination (2018): United States, $1.41B

Heat exchange units, non-domestic, non-electric are the world's 283rd most traded product.

In 2018, the top exporters of Heat exchange units, non-domestic, non-electric were Germany ($1.45B), China ($1.27B), United States ($1.13B), Italy ($1.08B), and South Korea ($558M).

In 2018, the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.41B), Germany ($968M), India ($494M), China ($476M), and France ($430M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $320M

Top Destination Growth (2017 - 2018): India, $267M

Between 2017 and 2018, the exports of Heat exchange units, non-domestic, non-electric grew the fastest in Germany ($320M), Russia ($176M), Japan ($117M), Italy ($74.8M), and United Kingdom ($70.4M).

Between 2017 and 2018, the fastest growing importers of Heat exchange units, non-domestic, non-electric were India ($267M), Germany ($140M), France ($97.9M), Iran ($85.2M), and Nigeria ($81.6M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Heat exchange units, non-domestic, non-electric.

In 2018,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Heat exchange units, non-domestic, non-electric are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $793M

TOP NET IMPORTER (2018): India, $299M

This map shows which countries export or import more of Heat exchange units, non-domestic, non-electric. Each country is colored based on the difference in exports and imports of Heat exchange units, non-domestic, non-electric during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Heat exchange units, non-domestic, non-electric were China ($793M), Italy ($763M), Germany ($478M), South Korea ($313M), and Sweden ($304M).

In 2018, the countries that had a largest trade value in imports than in exports of Heat exchange units, non-domestic, non-electric were India ($299M), United States ($279M), Canada ($234M), Iran ($185M), and Saudi Arabia ($162M).

Trade Forecasts

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This section shows forecasts for total trade for Heat exchange units, non-domestic, non-electric. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Heat exchange units, non-domestic, non-electric was 3.78%.  The countries with the highest tariffs for importing Heat exchange units, non-domestic, non-electric were Bahamas (40.2%), Bermuda (25%), Pakistan (19.9%), Maldives (19.6%), and Ecuador (16.2%).

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Product Complexity

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Diversification Frontier

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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.