HS Icon Refrigerator/freezer chests/cabinets/showcases

841850 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $6.15B, Rnk 521 / 4648

2019
Top Exporter | Top Importer
: $1.32B | $855M, China | United States

2019
Product Complexity
: 0.24, Rnk 2187 / 4826

2018 - 2019
Export Growth (CAGR)
: -2.19%, Rnk 2023 / 4648

2018
Mean Tariff
: 12.7%, Rnk 1639 / 6538

 2019
Share of World Trade
: 0.034%, Rnk 521 / 4648

Overview:  This page contains the latest trade data of Refrigerator/freezer chests/cabinets/showcases. In 2019, Refrigerator/freezer chests/cabinets/showcases were the world's 521st most traded product, with a total trade of $6.15B. Between 2018 and 2019 the exports of Refrigerator/freezer chests/cabinets/showcases decreased by -2.19%, from  $6.28B to $6.15B. Trade in Refrigerator/freezer chests/cabinets/showcases represent 0.034% of total world trade.

Exports: In 2019 the top exporters of Refrigerator/freezer chests/cabinets/showcases  were China ($1.32B), Italy ($954M), Austria ($487M), Mexico ($434M), and Czechia ($340M).

Imports: In 2019 the top importers of Refrigerator/freezer chests/cabinets/showcases were United States ($855M), Germany ($616M), France ($457M), United Kingdom ($256M), and Netherlands ($184M).

Tariffs: In 2018 the average tariff for Refrigerator/freezer chests/cabinets/showcases was 12.7%, making it the 1639th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Refrigerator/freezer chests/cabinets/showcases are Zimbabwe (54.7%), Iran (50%), Bahamas (40.2%), Sudan (35%), and Egypt (31.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Refrigerator/freezer chests/cabinets/showcases ranks 2187th in the Product Complexity Index (PCI).

Description: Refrigerator/freezer chests and cabinets are primarily used in bars and restaurants, and showcase models are more often used in retail stores.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.32B

Top Destination (2019): United States, $855M

Refrigerator/freezer chests/cabinets/showcases are the world's 521st most traded product.

In 2019, the top exporters of Refrigerator/freezer chests/cabinets/showcases were China ($1.32B), Italy ($954M), Austria ($487M), Mexico ($434M), and Czechia ($340M).

In 2019, the top importers of Refrigerator/freezer chests/cabinets/showcases were United States ($855M), Germany ($616M), France ($457M), United Kingdom ($256M), and Netherlands ($184M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $72.6M

Top Destination Growth (2018 - 2019): Ukraine, $19.5M

Between 2018 and 2019, the exports of Refrigerator/freezer chests/cabinets/showcases grew the fastest in China ($72.6M), Mexico ($33.5M), Turkey ($12.8M), Serbia ($10.9M), and United Kingdom ($9.85M).

Between 2018 and 2019, the fastest growing importers of Refrigerator/freezer chests/cabinets/showcases were Ukraine ($19.5M), Indonesia ($17.4M), Thailand ($11.3M), Philippines ($10.2M), and Vietnam ($9.39M).

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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 Refrigerator/freezer chests/cabinets/showcases.

In 2019,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Refrigerator/freezer chests/cabinets/showcases are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $1.3B

TOP NET IMPORTER (2019): United States, $631M

This map shows which countries export or import more of Refrigerator/freezer chests/cabinets/showcases. Each country is colored based on the difference in exports and imports of Refrigerator/freezer chests/cabinets/showcases during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Refrigerator/freezer chests/cabinets/showcases were China ($1.3B), Italy ($821M), Mexico ($374M), Austria ($334M), and Turkey ($308M).

In 2019, the countries that had a largest trade value in imports than in exports of Refrigerator/freezer chests/cabinets/showcases were United States ($631M), Germany ($425M), France ($377M), United Kingdom ($184M), and Australia ($166M).

Import Tariffs

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In 2018, the average tariff for importing Refrigerator/freezer chests/cabinets/showcases was 12.7%.  The countries with the highest tariffs for importing Refrigerator/freezer chests/cabinets/showcases were Zimbabwe (54.7%), Iran (50%), Bahamas (40.2%), Sudan (35%), and Egypt (31.3%).

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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.