HS Icon Furniture to take refrigerating/freezing equipment

841891 (Harmonized System 1992 for 6-digit)

World Trade (2018): $223M, Rnk 3572 / 4726

Top Exporter (2018): $35.6M, China

Top Importer (2018): $16M, Australia

Export Growth (CAGR)(2017 - 2018): 7.42%, Rnk 3044 / 4726

Mean Tariff (2018): 7.94%, Rnk 2858 / 6538

Share of World Trade (2018): 0.0012%, Rnk 3572 / 4726

Overview:  This page contains the latest trade data of Furniture to take refrigerating/freezing equipment. In 2018, Furniture to take refrigerating/freezing equipment were the world's 3572nd most traded product, with a total trade of $223M. Between 2017 and 2018 the exports of Furniture to take refrigerating/freezing equipment grew by 7.42%, from  $207M to $223M. Trade in Furniture to take refrigerating/freezing equipment represent 0.0012% of total world trade.

Exports: In 2018 the top exporters of Furniture to take refrigerating/freezing equipment  were China ($35.6M), Portugal ($18.7M), Italy ($18.3M), Spain ($18.1M), and Germany ($17.3M).

Imports: In 2018 the top importers of Furniture to take refrigerating/freezing equipment were Australia ($16M), United States ($13.1M), France ($10.4M), Italy ($10.1M), and Germany ($8.9M).

Tariffs: In 2018 the average tariff for Furniture to take refrigerating/freezing equipment was 7.94%, been the 2858 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Furniture to take refrigerating/freezing equipment are Bahamas (41.8%), Malaysia (30%), Algeria (26.6%), Bermuda (25%), and Bangladesh (24.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $35.6M

Top Destination (2018): Australia, $16M

Furniture to take refrigerating/freezing equipment are the world's 3572nd most traded product.

In 2018, the top exporters of Furniture to take refrigerating/freezing equipment were China ($35.6M), Portugal ($18.7M), Italy ($18.3M), Spain ($18.1M), and Germany ($17.3M).

In 2018, the top importers of Furniture to take refrigerating/freezing equipment were Australia ($16M), United States ($13.1M), France ($10.4M), Italy ($10.1M), and Germany ($8.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $9.2M

Top Destination Growth (2017 - 2018): Thailand, $6.51M

Between 2017 and 2018, the exports of Furniture to take refrigerating/freezing equipment grew the fastest in Spain ($9.2M), Portugal ($5.99M), Germany ($5.97M), Chinese Taipei ($4.38M), and Thailand ($4.28M).

Between 2017 and 2018, the fastest growing importers of Furniture to take refrigerating/freezing equipment were Thailand ($6.51M), Saudi Arabia ($3.79M), Germany ($3.53M), Algeria ($2.79M), and Sweden ($2.34M).

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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 Furniture to take refrigerating/freezing equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Furniture to take refrigerating/freezing equipment are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $33M

TOP NET IMPORTER (2018): Australia, $15.8M

This map shows which countries export or import more of Furniture to take refrigerating/freezing equipment. Each country is colored based on the difference in exports and imports of Furniture to take refrigerating/freezing equipment during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Furniture to take refrigerating/freezing equipment were China ($33M), Portugal ($15M), Malaysia ($12M), Spain ($10.7M), and Germany ($8.42M).

In 2018, the countries that had a largest trade value in imports than in exports of Furniture to take refrigerating/freezing equipment were Australia ($15.8M), France ($6.48M), Algeria ($5.33M), Saudi Arabia ($4.1M), and Belgium-Luxembourg ($3.8M).

Trade Forecasts

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This section shows forecasts for total trade for Furniture to take refrigerating/freezing equipment. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Furniture to take refrigerating/freezing equipment was 7.94%.  The countries with the highest tariffs for importing Furniture to take refrigerating/freezing equipment were Bahamas (41.8%), Malaysia (30%), Algeria (26.6%), Bermuda (25%), and Bangladesh (24.5%).

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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.