HS Icon Instantaneous gas water heaters

841911 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.37B, Rnk 1690 / 4726

Top Exporter (2018): $431M, Japan

Top Importer (2018): $454M, United States

Product Complexity (2018): 0.24, Rnk 2190 / 4873

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 2416 / 4726

Mean Tariff (2018): 11.3%, Rnk 1913 / 6538

Share of World Trade (2018): 0.0075%, Rnk 1690 / 4726

Overview:  This page contains the latest trade data of Instantaneous gas water heaters. In 2018, Instantaneous gas water heaters were the world's 1690th most traded product, with a total trade of $1.37B. Between 2017 and 2018 the exports of Instantaneous gas water heaters grew by 11.7%, from  $1.23B to $1.37B. Trade in Instantaneous gas water heaters represent 0.0075% of total world trade.

Exports: In 2018 the top exporters of Instantaneous gas water heaters  were Japan ($431M), China ($308M), South Korea ($172M), Portugal ($137M), and United States ($65.7M).

Imports: In 2018 the top importers of Instantaneous gas water heaters were United States ($454M), Mexico ($110M), Australia ($89.7M), Canada ($77.2M), and Italy ($69.1M).

Tariffs: In 2018 the average tariff for Instantaneous gas water heaters was 11.3%, been the 1913 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Instantaneous gas water heaters are Syria (73.5%), Egypt (45%), Iran (45%), China (27.8%), and Algeria (25.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Instantaneous gas water heaters ranks 2190th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $431M

Top Destination (2018): United States, $454M

Instantaneous gas water heaters are the world's 1690th most traded product.

In 2018, the top exporters of Instantaneous gas water heaters were Japan ($431M), China ($308M), South Korea ($172M), Portugal ($137M), and United States ($65.7M).

In 2018, the top importers of Instantaneous gas water heaters were United States ($454M), Mexico ($110M), Australia ($89.7M), Canada ($77.2M), and Italy ($69.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $42.1M

Top Destination Growth (2017 - 2018): United States, $49.8M

Between 2017 and 2018, the exports of Instantaneous gas water heaters grew the fastest in Mexico ($42.1M), United States ($25.5M), China ($22.5M), South Korea ($21.4M), and Portugal ($16.2M).

Between 2017 and 2018, the fastest growing importers of Instantaneous gas water heaters were United States ($49.8M), Mexico ($32.3M), France ($22.5M), India ($11.7M), and Malaysia ($10.8M).

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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 Instantaneous gas water heaters.

In 2018,  market concentration measured using Shannon Entropy, was 3.15. This means that most of the exports of Instantaneous gas water heaters are explained by 8 countries.

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TOP NET EXPORTER (2018): Japan, $402M

TOP NET IMPORTER (2018): United States, $388M

This map shows which countries export or import more of Instantaneous gas water heaters. Each country is colored based on the difference in exports and imports of Instantaneous gas water heaters during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Instantaneous gas water heaters were Japan ($402M), China ($293M), South Korea ($171M), Portugal ($132M), and Turkey ($20M).

In 2018, the countries that had a largest trade value in imports than in exports of Instantaneous gas water heaters were United States ($388M), Australia ($87.6M), Canada ($73.9M), Mexico ($59.7M), and Spain ($50.8M).

Trade Forecasts

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This section shows forecasts for total trade for Instantaneous gas water heaters. 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 Instantaneous gas water heaters was 11.3%.  The countries with the highest tariffs for importing Instantaneous gas water heaters were Syria (73.5%), Egypt (45%), Iran (45%), China (27.8%), and Algeria (25.2%).

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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.