HS Icon Central Heating Boilers

8403 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.33B, Rnk 413 / 1225

Top Exporter (2018): $1.55B, Germany

Top Importer (2018): $1.12B, Germany

Product Complexity (2018): 0.66, Rnk 298 / 1018

Export Growth (CAGR)(2017 - 2018): 8.23%, Rnk 857 / 1225

Mean Tariff (2018): 7.61%, Rnk 574 / 1259

Share of World Trade (2018): 0.04%, Rnk 413 / 1225

Overview:  This page contains the latest trade data of Central Heating Boilers. In 2018, Central Heating Boilers were the world's 413th most traded product, with a total trade of $7.33B. Between 2017 and 2018 the exports of Central Heating Boilers grew by 8.23%, from  $6.77B to $7.33B. Trade in Central Heating Boilers represent 0.04% of total world trade.

Exports: In 2018 the top exporters of Central Heating Boilers  were Germany ($1.55B), Italy ($1.07B), Slovakia ($761M), Turkey ($533M), and France ($478M).

Imports: In 2018 the top importers of Central Heating Boilers were Germany ($1.12B), United Kingdom ($750M), France ($564M), Italy ($482M), and United States ($383M).

Tariffs: In 2018 the average tariff for Central Heating Boilers was 7.61%, been the 574 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Central Heating Boilers are Bahamas (40.2%), Iran (31.3%), Bermuda (25%), Ecuador (23.2%), and Algeria (21.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Central Heating Boilers ranks 298th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.55B

Top Destination (2018): Germany, $1.12B

Central Heating Boilers are the world's 413th most traded product.

In 2018, the top exporters of Central Heating Boilers were Germany ($1.55B), Italy ($1.07B), Slovakia ($761M), Turkey ($533M), and France ($478M).

In 2018, the top importers of Central Heating Boilers were Germany ($1.12B), United Kingdom ($750M), France ($564M), Italy ($482M), and United States ($383M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Slovakia, $185M

Top Destination Growth (2017 - 2018): Germany, $77.9M

Between 2017 and 2018, the exports of Central Heating Boilers grew the fastest in Slovakia ($185M), Italy ($91.6M), Austria ($70.6M), Poland ($65.2M), and Germany ($63.4M).

Between 2017 and 2018, the fastest growing importers of Central Heating Boilers were Germany ($77.9M), Slovakia ($77.6M), Turkey ($67.9M), Spain ($63.5M), and France ($59.4M).

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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 Central Heating Boilers.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Central Heating Boilers are explained by 15 countries.

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TOP NET EXPORTER (2018): Italy, $584M

TOP NET IMPORTER (2018): United Kingdom, $551M

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

In 2018, the countries that had a largest trade value in exports than in imports of Central Heating Boilers were Italy ($584M), Slovakia ($521M), Germany ($432M), Turkey ($298M), and Netherlands ($285M).

In 2018, the countries that had a largest trade value in imports than in exports of Central Heating Boilers were United Kingdom ($551M), United States ($287M), Spain ($266M), Russia ($260M), and Belgium-Luxembourg ($225M).

Import Tariffs

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In 2018, the average tariff for importing Central Heating Boilers was 7.61%.  The countries with the highest tariffs for importing Central Heating Boilers were Bahamas (40.2%), Iran (31.3%), Bermuda (25%), Ecuador (23.2%), and Algeria (21.4%).

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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.