HS Icon Commercial equipment, hot drinks/cooking/heating food

841981 (Harmonized System 1992 for 6-digit)

World Trade (2019): $6.04B, Rnk 527 / 4648

Top Exporter (2019): $1.15B, Germany

Top Importer (2019): $1.08B, United States

Product Complexity (2019): 0.97, Rnk 812 / 4826

Export Growth (CAGR)(2018 - 2019): 4.37%, Rnk 830 / 4648

Mean Tariff (2018): 7.35%, Rnk 3070 / 6538

Share of World Trade (2019): 0.033%, Rnk 527 / 4648

Overview:  This page contains the latest trade data of Commercial equipment, hot drinks/cooking/heating food. In 2019, Commercial equipment, hot drinks/cooking/heating food were the world's 527th most traded product, with a total trade of $6.04B. Between 2018 and 2019 the exports of Commercial equipment, hot drinks/cooking/heating food grew by 4.37%, from  $5.78B to $6.04B. Trade in Commercial equipment, hot drinks/cooking/heating food represent 0.033% of total world trade.

Exports: In 2019 the top exporters of Commercial equipment, hot drinks/cooking/heating food  were Germany ($1.15B), Italy ($1.14B), Switzerland ($766M), United States ($689M), and China ($444M).

Imports: In 2019 the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.08B), Germany ($411M), France ($362M), United Kingdom ($355M), and Netherlands ($237M).

Tariffs: In 2018 the average tariff for Commercial equipment, hot drinks/cooking/heating food was 7.35%, making it the 3070th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Commercial equipment, hot drinks/cooking/heating food are Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Commercial equipment, hot drinks/cooking/heating food ranks 812th in the Product Complexity Index (PCI).

Description: Commercial equipment is used to heat food and drinks in the United States. If the water is heated to a certain temperature, then it can be used for cooking. A coffee machine is also used to heat up coffee.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.15B

Top Destination (2019): United States, $1.08B

Commercial equipment, hot drinks/cooking/heating food are the world's 527th most traded product.

In 2019, the top exporters of Commercial equipment, hot drinks/cooking/heating food were Germany ($1.15B), Italy ($1.14B), Switzerland ($766M), United States ($689M), and China ($444M).

In 2019, the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.08B), Germany ($411M), France ($362M), United Kingdom ($355M), and Netherlands ($237M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Switzerland, $175M

Top Destination Growth (2018 - 2019): United States, $128M

Between 2018 and 2019, the exports of Commercial equipment, hot drinks/cooking/heating food grew the fastest in Switzerland ($175M), China ($48.4M), Philippines ($39.5M), Italy ($36.8M), and Germany ($26.6M).

Between 2018 and 2019, the fastest growing importers of Commercial equipment, hot drinks/cooking/heating food were United States ($128M), France ($57.7M), Chinese Taipei ($19.1M), Belgium ($15.5M), and Poland ($15.2M).

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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 Commercial equipment, hot drinks/cooking/heating food.

In 2019,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Commercial equipment, hot drinks/cooking/heating food are explained by 14 countries.

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TOP NET EXPORTER (2019): Italy, $1.03B

TOP NET IMPORTER (2019): United States, $393M

This map shows which countries export or import more of Commercial equipment, hot drinks/cooking/heating food. Each country is colored based on the difference in exports and imports of Commercial equipment, hot drinks/cooking/heating food during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Commercial equipment, hot drinks/cooking/heating food were Italy ($1.03B), Germany ($737M), Switzerland ($673M), China ($219M), and Philippines ($156M).

In 2019, the countries that had a largest trade value in imports than in exports of Commercial equipment, hot drinks/cooking/heating food were United States ($393M), United Kingdom ($249M), France ($221M), Australia ($146M), and Russia ($118M).

Import Tariffs

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In 2018, the average tariff for importing Commercial equipment, hot drinks/cooking/heating food was 7.35%.  The countries with the highest tariffs for importing Commercial equipment, hot drinks/cooking/heating food were Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%).

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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.