HS Icon Parts of refrigerating or freezing equipment

841899 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.49B, Rnk 504 / 4726

Top Exporter (2018): $1.25B, China

Top Importer (2018): $1B, United States

Product Complexity (2018): 0.54, Rnk 953 / 2722

Export Growth (CAGR)(2017 - 2018): 1.5%, Rnk 3700 / 4726

Mean Tariff (2018): 6.97%, Rnk 3212 / 6538

Share of World Trade (2018): 0.035%, Rnk 504 / 4726

Overview:  This page contains the latest trade data of Parts of refrigerating or freezing equipment. In 2018, Parts of refrigerating or freezing equipment were the world's 504th most traded product, with a total trade of $6.49B. Between 2017 and 2018 the exports of Parts of refrigerating or freezing equipment grew by 1.5%, from  $6.4B to $6.49B. Trade in Parts of refrigerating or freezing equipment represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Parts of refrigerating or freezing equipment  were China ($1.25B), Italy ($715M), Germany ($444M), South Korea ($427M), and Mexico ($395M).

Imports: In 2018 the top importers of Parts of refrigerating or freezing equipment were United States ($1B), Germany ($483M), Mexico ($468M), France ($337M), and Italy ($220M).

Tariffs: In 2018 the average tariff for Parts of refrigerating or freezing equipment was 6.97%, been the 3212 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of refrigerating or freezing equipment are Bahamas (40.2%), Malaysia (30%), Algeria (29.1%), Bermuda (25%), and Bangladesh (24.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Parts of refrigerating or freezing equipment ranks 953rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.25B

Top Destination (2018): United States, $1B

Parts of refrigerating or freezing equipment are the world's 504th most traded product.

In 2018, the top exporters of Parts of refrigerating or freezing equipment were China ($1.25B), Italy ($715M), Germany ($444M), South Korea ($427M), and Mexico ($395M).

In 2018, the top importers of Parts of refrigerating or freezing equipment were United States ($1B), Germany ($483M), Mexico ($468M), France ($337M), and Italy ($220M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Czechia, $71.7M

Top Destination Growth (2017 - 2018): United States, $50.6M

Between 2017 and 2018, the exports of Parts of refrigerating or freezing equipment grew the fastest in Czechia ($71.7M), Italy ($69.3M), Netherlands ($44.1M), Sweden ($38.6M), and Thailand ($37M).

Between 2017 and 2018, the fastest growing importers of Parts of refrigerating or freezing equipment were United States ($50.6M), Poland ($37.3M), France ($31.8M), Mexico ($30.8M), and China ($30.8M).

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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 Parts of refrigerating or freezing equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Parts of refrigerating or freezing equipment are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $1.05B

TOP NET IMPORTER (2018): United States, $645M

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

In 2018, the countries that had a largest trade value in exports than in imports of Parts of refrigerating or freezing equipment were China ($1.05B), Italy ($495M), South Korea ($335M), Czechia ($210M), and Malaysia ($87.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of refrigerating or freezing equipment were United States ($645M), United Kingdom ($111M), France ($98.1M), Russia ($92.9M), and Singapore ($92.5M).

Import Tariffs

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In 2018, the average tariff for importing Parts of refrigerating or freezing equipment was 6.97%.  The countries with the highest tariffs for importing Parts of refrigerating or freezing equipment were Bahamas (40.2%), Malaysia (30%), Algeria (29.1%), 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.