Air conditioners nes, with refrigerating unit841582 (Harmonized System 1992 for 6-digit)
World Trade (2018): $7.44B, Rnk 439 / 4726
Top Exporter (2018): $1.29B, Mexico
Top Importer (2018): $2.17B, United States
Product Complexity (2018): 0.48, Rnk 1028 / 2722
Export Growth (CAGR)(2017 - 2018): 12%, Rnk 2367 / 4726
Mean Tariff (2018): 7.07%, Rnk 3173 / 6538
Share of World Trade (2018): 0.04%, Rnk 439 / 4726
Overview: This page contains the latest trade data of Air conditioners nes, with refrigerating unit. In 2018, Air conditioners nes, with refrigerating unit were the world's 439th most traded product, with a total trade of $7.44B. Between 2017 and 2018 the exports of Air conditioners nes, with refrigerating unit grew by 12%, from $6.64B to $7.44B. Trade in Air conditioners nes, with refrigerating unit represent 0.04% of total world trade.
Exports: In 2018 the top exporters of Air conditioners nes, with refrigerating unit were Mexico ($1.29B), China ($1.26B), United States ($832M), Germany ($712M), and Italy ($587M).
Imports: In 2018 the top importers of Air conditioners nes, with refrigerating unit were United States ($2.17B), Germany ($691M), Canada ($453M), France ($298M), and United Kingdom ($257M).
Tariffs: In 2018 the average tariff for Air conditioners nes, with refrigerating unit was 7.07%, making it the 3173rd lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Air conditioners nes, with refrigerating unit are Egypt (45.5%), Bermuda (35%), Sudan (35%), Nepal (30%), and Cuba (29.3%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).
Ranking: Air conditioners nes, with refrigerating unit ranks 1028th in the Product Complexity Index (PCI).
Description: Air conditioners use a refrigerating unit and a compressor to remove heat from a space. The refrigerant in the unit is hot and can be cooled by blowing cold air over it. This cools the refrigerant, which in turn cools the space that is attached to the unit.
Trade By Country
Top Origin (2018): Mexico, $1.29B
Top Destination (2018): United States, $2.17B
Air conditioners nes, with refrigerating unit are the world's 439th most traded product.
In 2018, the top exporters of Air conditioners nes, with refrigerating unit were Mexico ($1.29B), China ($1.26B), United States ($832M), Germany ($712M), and Italy ($587M).
In 2018, the top importers of Air conditioners nes, with refrigerating unit were United States ($2.17B), Germany ($691M), Canada ($453M), France ($298M), and United Kingdom ($257M).
Trade by country
Top Origin Growth (2017 - 2018): Mexico, $247M
Top Destination Growth (2017 - 2018): United States, $327M
Between 2017 and 2018, the exports of Air conditioners nes, with refrigerating unit grew the fastest in Mexico ($247M), Germany ($186M), Poland ($123M), Slovakia ($100M), and Italy ($70.2M).
Between 2017 and 2018, the fastest growing importers of Air conditioners nes, with refrigerating unit were United States ($327M), Czechia ($98.8M), Netherlands ($71.6M), Germany ($53.7M), and China ($41.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Air conditioners nes, with refrigerating unit.
In 2018, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Air conditioners nes, with refrigerating unit are explained by 16 countries.
TOP NET EXPORTER (2018): Mexico, $1.09B
TOP NET IMPORTER (2018): United States, $1.34B
This map shows which countries export or import more of Air conditioners nes, with refrigerating unit. Each country is colored based on the difference in exports and imports of Air conditioners nes, with refrigerating unit during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Air conditioners nes, with refrigerating unit were Mexico ($1.09B), China ($1.06B), Italy ($463M), Czechia ($255M), and Poland ($161M).
In 2018, the countries that had a largest trade value in imports than in exports of Air conditioners nes, with refrigerating unit were United States ($1.34B), Canada ($234M), Sweden ($119M), Russia ($109M), and United Kingdom ($95.7M).
In 2018, the average tariff for importing Air conditioners nes, with refrigerating unit was 7.07%. The countries with the highest tariffs for importing Air conditioners nes, with refrigerating unit were Egypt (45.5%), Bermuda (35%), Sudan (35%), Nepal (30%), and Cuba (29.3%).
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.
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