HS Icon Electric Heaters

8516 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $51.6B, Rnk 66 / 1217

2019
Top Exporter | Top Importer
: $22.2B | $9.14B, China | United States

2019
Product Complexity
: 0.54, Rnk 327 / 961

2018 - 2019
Export Growth (CAGR)
: 1.41%, Rnk 307 / 1217

2018
Mean Tariff
: 12.7%, Rnk 286 / 1259

 2019
Share of World Trade
: 0.28%, Rnk 66 / 1217

Overview:  This page contains the latest trade data of Electric Heaters. In 2019, Electric Heaters were the world's 66th most traded product, with a total trade of $51.6B. Between 2018 and 2019 the exports of Electric Heaters grew by 1.41%, from  $50.8B to $51.6B. Trade in Electric Heaters represent 0.28% of total world trade.

Exports: In 2019 the top exporters of Electric Heaters  were China ($22.2B), Germany ($4.43B), Italy ($2.58B), Malaysia ($1.63B), and France ($1.53B).

Imports: In 2019 the top importers of Electric Heaters were United States ($9.14B), Germany ($4.5B), France ($2.82B), United Kingdom ($2.38B), and Japan ($2.31B).

Tariffs: In 2018 the average tariff for Electric Heaters was 12.7%, making it the 286th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electric Heaters are Iran (43.7%), Syria (43.1%), Bahamas (35.1%), Cambodia (35%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Electric Heaters ranks 327th in the Product Complexity Index (PCI).

Description: Electric instantaneous or storage water heaters are used to heat water for household use. They can be made from a variety of materials, including copper, steel, and plastic. Electric space-heating apparatus is used to heat a room by using electricity. It can be made from a variety of materials, including copper, steel, and plastic. Electro-thermic hairdressing apparatus is used to dry hair with the help of electricity. It can be made from a variety of materials, including copper, steel, and plastic. Electro-thermic appliances are used to dry hair with the help of electricity. They can be made from a variety of materials, including copper, steel, and plastic. Other electro-thermic appliances are similar to electric space-heating apparatus and electro-thermic hairdressing apparatus in that they are also used to dry hair with the help of electricity.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $22.2B

Top Destination (2019): United States, $9.14B

Electric Heaters are the world's 66th most traded product.

In 2019, the top exporters of Electric Heaters were China ($22.2B), Germany ($4.43B), Italy ($2.58B), Malaysia ($1.63B), and France ($1.53B).

In 2019, the top importers of Electric Heaters were United States ($9.14B), Germany ($4.5B), France ($2.82B), United Kingdom ($2.38B), and Japan ($2.31B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $337M

Top Destination Growth (2018 - 2019): Germany, $190M

Between 2018 and 2019, the exports of Electric Heaters grew the fastest in China ($337M), Malaysia ($256M), Philippines ($166M), Poland ($157M), and Turkey ($121M).

Between 2018 and 2019, the fastest growing importers of Electric Heaters were Germany ($190M), France ($169M), Iraq ($85.7M), Russia ($65.3M), and South Korea ($64.5M).

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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 Electric Heaters.

In 2019,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Electric Heaters are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $21.2B

TOP NET IMPORTER (2019): United States, $7.71B

This map shows which countries export or import more of Electric Heaters. Each country is colored based on the difference in exports and imports of Electric Heaters during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electric Heaters were China ($21.2B), Malaysia ($1.2B), Italy ($871M), Turkey ($839M), and Mexico ($672M).

In 2019, the countries that had a largest trade value in imports than in exports of Electric Heaters were United States ($7.71B), United Kingdom ($1.77B), Japan ($1.72B), Russia ($1.4B), and France ($1.29B).

Disaggregation

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Value

In 2019, the world most traded Electric Heaters, disaggragated by their HS6 level were Electric cooking, grilling & roasting equipment... ($12.6B), Electric coffee or tea makers, domestic ($6.48B), Electro-thermic appliances, domestic, nes ($6.1B), Electric heating resistors ($4.71B), and Microwave ovens ($4.28B)

Import Tariffs

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In 2018, the average tariff for importing Electric Heaters was 12.7%.  The countries with the highest tariffs for importing Electric Heaters were Iran (43.7%), Syria (43.1%), Bahamas (35.1%), Cambodia (35%), and Sudan (35%).

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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.