HS Icon Air Conditioners

8415 (Harmonized System 1992 for 4-digit)

World Trade (2018): $48.4B, Rnk 76 / 1225

Top Exporter (2018): $16.8B, China

Top Importer (2018): $9.03B, United States

Product Complexity (2018): 0.45, Rnk 394 / 1018

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 517 / 1225

Mean Tariff (2018): 8.24%, Rnk 527 / 1259

Share of World Trade (2018): 0.26%, Rnk 76 / 1225

Overview:  This page contains the latest trade data of Air Conditioners. In 2018, Air Conditioners were the world's 76th most traded product, with a total trade of $48.4B. Between 2017 and 2018 the exports of Air Conditioners grew by 15.1%, from  $42.1B to $48.4B. Trade in Air Conditioners represent 0.26% of total world trade.

Exports: In 2018 the top exporters of Air Conditioners  were China ($16.8B), Thailand ($5.57B), Mexico ($3.98B), Germany ($1.97B), and United States ($1.97B).

Imports: In 2018 the top importers of Air Conditioners were United States ($9.03B), Japan ($2.67B), Germany ($2.28B), France ($1.77B), and Italy ($1.54B).

Tariffs: In 2018 the average tariff for Air Conditioners was 8.24%, been the 527 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Air Conditioners are Egypt (36.6%), Bermuda (35%), Sudan (35%), Nepal (30%), and Sri Lanka (25.7%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Japan (0%), and Kazakhstan (0%).

Ranking: Air Conditioners ranks 394th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $16.8B

Top Destination (2018): United States, $9.03B

Air Conditioners are the world's 76th most traded product.

In 2018, the top exporters of Air Conditioners were China ($16.8B), Thailand ($5.57B), Mexico ($3.98B), Germany ($1.97B), and United States ($1.97B).

In 2018, the top importers of Air Conditioners were United States ($9.03B), Japan ($2.67B), Germany ($2.28B), France ($1.77B), and Italy ($1.54B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $1.57B

Top Destination Growth (2017 - 2018): United States, $1.06B

Between 2017 and 2018, the exports of Air Conditioners grew the fastest in Thailand ($1.57B), China ($1.31B), United Arab Emirates ($628M), Netherlands ($403M), and Mexico ($345M).

Between 2017 and 2018, the fastest growing importers of Air Conditioners were United States ($1.06B), Vietnam ($546M), Iran ($362M), Japan ($354M), and France ($338M).

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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 Air Conditioners.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Air Conditioners are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $16B

TOP NET IMPORTER (2018): United States, $7.06B

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

In 2018, the countries that had a largest trade value in exports than in imports of Air Conditioners were China ($16B), Thailand ($5.05B), Mexico ($2.76B), Czechia ($1.27B), and Malaysia ($981M).

In 2018, the countries that had a largest trade value in imports than in exports of Air Conditioners were United States ($7.06B), Australia ($1.13B), France ($1.12B), Japan ($1.12B), and India ($1.1B).

Import Tariffs

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In 2018, the average tariff for importing Air Conditioners was 8.24%.  The countries with the highest tariffs for importing Air Conditioners were Egypt (36.6%), Bermuda (35%), Sudan (35%), Nepal (30%), and Sri Lanka (25.7%).

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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.