HS Icon Freezers of the chest type, < 800 litre capacity

841830 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.63B, Rnk 1522 / 4726

Top Exporter (2018): $1.07B, China

Top Importer (2018): $244M, United States

Product Complexity (2018): -0.48, Rnk 1927 / 2722

Export Growth (CAGR)(2017 - 2018): 8.67%, Rnk 2856 / 4726

Mean Tariff (2018): 12.4%, Rnk 1701 / 6538

Share of World Trade (2018): 0.0088%, Rnk 1522 / 4726

Overview:  This page contains the latest trade data of Freezers of the chest type, < 800 litre capacity. In 2018, Freezers of the chest type, < 800 litre capacity were the world's 1522nd most traded product, with a total trade of $1.63B. Between 2017 and 2018 the exports of Freezers of the chest type, < 800 litre capacity grew by 8.67%, from  $1.5B to $1.63B. Trade in Freezers of the chest type, < 800 litre capacity represent 0.0088% of total world trade.

Exports: In 2018 the top exporters of Freezers of the chest type, < 800 litre capacity  were China ($1.07B), Italy ($57.6M), Romania ($57M), Denmark ($51.8M), and Hungary ($41.4M).

Imports: In 2018 the top importers of Freezers of the chest type, < 800 litre capacity were United States ($244M), France ($59.7M), India ($53.9M), Iraq ($49.5M), and Nigeria ($48.5M).

Tariffs: In 2018 the average tariff for Freezers of the chest type, < 800 litre capacity was 12.4%, been the 1701 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Freezers of the chest type, < 800 litre capacity are Zimbabwe (54.7%), Syria (46%), Egypt (45%), Iran (45%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Freezers of the chest type, < 800 litre capacity ranks 1927th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.07B

Top Destination (2018): United States, $244M

Freezers of the chest type, < 800 litre capacity are the world's 1522nd most traded product.

In 2018, the top exporters of Freezers of the chest type, < 800 litre capacity were China ($1.07B), Italy ($57.6M), Romania ($57M), Denmark ($51.8M), and Hungary ($41.4M).

In 2018, the top importers of Freezers of the chest type, < 800 litre capacity were United States ($244M), France ($59.7M), India ($53.9M), Iraq ($49.5M), and Nigeria ($48.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $119M

Top Destination Growth (2017 - 2018): United States, $33.8M

Between 2017 and 2018, the exports of Freezers of the chest type, < 800 litre capacity grew the fastest in China ($119M), Canada ($10.8M), Denmark ($10.5M), United Arab Emirates ($8.28M), and Sweden ($5.62M).

Between 2017 and 2018, the fastest growing importers of Freezers of the chest type, < 800 litre capacity were United States ($33.8M), Nigeria ($20.8M), Angola ($15.6M), Germany ($13.3M), and Indonesia ($12.2M).

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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 Freezers of the chest type, < 800 litre capacity.

In 2018,  market concentration measured using Shannon Entropy, was 2.56. This means that most of the exports of Freezers of the chest type, < 800 litre capacity are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $1.07B

TOP NET IMPORTER (2018): United States, $225M

This map shows which countries export or import more of Freezers of the chest type, < 800 litre capacity. Each country is colored based on the difference in exports and imports of Freezers of the chest type, < 800 litre capacity during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Freezers of the chest type, < 800 litre capacity were China ($1.07B), Denmark ($42.2M), Romania ($40.8M), Hungary ($38.7M), and Italy ($28.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Freezers of the chest type, < 800 litre capacity were United States ($225M), France ($57.1M), India ($51.5M), Nigeria ($48.5M), and Indonesia ($44.7M).

Import Tariffs

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In 2018, the average tariff for importing Freezers of the chest type, < 800 litre capacity was 12.4%.  The countries with the highest tariffs for importing Freezers of the chest type, < 800 litre capacity were Zimbabwe (54.7%), Syria (46%), Egypt (45%), Iran (45%), 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.