HS Icon Furniture to take refrigerating/freezing equipment

841891 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $230M, Rnk 3541 / 4648

2019
Top Exporter | Top Importer
: $42.6M | $15.6M, China | United States

2019
Product Complexity
: 0.027, Rnk 2554 / 4826

2018 - 2019
Export Growth (CAGR)
: -6.39%, Rnk 2876 / 4648

2018
Mean Tariff
: 7.94%, Rnk 2858 / 6538

 2019
Share of World Trade
: 0.0013%, Rnk 3541 / 4648

Overview:  This page contains the latest trade data of Furniture to take refrigerating/freezing equipment. In 2019, Furniture to take refrigerating/freezing equipment were the world's 3541st most traded product, with a total trade of $230M. Between 2018 and 2019 the exports of Furniture to take refrigerating/freezing equipment decreased by -6.39%, from  $245M to $230M. Trade in Furniture to take refrigerating/freezing equipment represent 0.0013% of total world trade.

Exports: In 2019 the top exporters of Furniture to take refrigerating/freezing equipment  were China ($42.6M), Italy ($21.4M), Germany ($19.2M), Portugal ($19M), and United States ($17.4M).

Imports: In 2019 the top importers of Furniture to take refrigerating/freezing equipment were United States ($15.6M), France ($11.2M), Spain ($10.1M), Germany ($9.88M), and Australia ($9.19M).

Tariffs: In 2018 the average tariff for Furniture to take refrigerating/freezing equipment was 7.94%, making it the 2858th 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%).

Ranking: Furniture to take refrigerating/freezing equipment ranks 2554th in the Product Complexity Index (PCI).

Description: Furniture is used to hold refrigerating/freezing equipment, such as a refrigerator or freezer.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $42.6M

Top Destination (2019): United States, $15.6M

Furniture to take refrigerating/freezing equipment are the world's 3541st most traded product.

In 2019, the top exporters of Furniture to take refrigerating/freezing equipment were China ($42.6M), Italy ($21.4M), Germany ($19.2M), Portugal ($19M), and United States ($17.4M).

In 2019, the top importers of Furniture to take refrigerating/freezing equipment were United States ($15.6M), France ($11.2M), Spain ($10.1M), Germany ($9.88M), and Australia ($9.19M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): France, $5.33M

Top Destination Growth (2018 - 2019): Spain, $2.77M

Between 2018 and 2019, the exports of Furniture to take refrigerating/freezing equipment grew the fastest in France ($5.33M), Italy ($2.39M), China ($2.34M), Thailand ($1.26M), and Germany ($1.16M).

Between 2018 and 2019, the fastest growing importers of Furniture to take refrigerating/freezing equipment were Spain ($2.77M), United States ($2.45M), Philippines ($2.23M), Nigeria ($2.06M), and Portugal ($1.74M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Furniture to take refrigerating/freezing equipment.

In 2019,  market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Furniture to take refrigerating/freezing equipment are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $39.2M

TOP NET IMPORTER (2019): Australia, $8.33M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Furniture to take refrigerating/freezing equipment were China ($39.2M), Portugal ($13.4M), Italy ($12.4M), Germany ($9.37M), and Turkey ($5.71M).

In 2019, the countries that had a largest trade value in imports than in exports of Furniture to take refrigerating/freezing equipment were Australia ($8.33M), Canada ($6.94M), Colombia ($4.83M), Switzerland ($4.34M), and United Kingdom ($4M).

Import Tariffs

#permalink to section

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%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.