Refrigerators8418 (Harmonized System 1992 for 4-digit)
World Trade (2018): $46.8B, Rnk 80 / 1225
Top Exporter (2018): $10.8B, China
Top Importer (2018): $9.15B, United States
Product Complexity (2018): 0.62, Rnk 320 / 1018
Export Growth (CAGR)(2017 - 2018): 8.61%, Rnk 841 / 1225
Mean Tariff (2018): 11.1%, Rnk 362 / 1259
Share of World Trade (2018): 0.25%, Rnk 80 / 1225
Overview: This page contains the latest trade data of Refrigerators. In 2018, Refrigerators were the world's 80th most traded product, with a total trade of $46.8B. Between 2017 and 2018 the exports of Refrigerators grew by 8.61%, from $43.1B to $46.8B. Trade in Refrigerators represent 0.25% of total world trade.
Exports: In 2018 the top exporters of Refrigerators were China ($10.8B), Mexico ($5.21B), Italy ($3.38B), Germany ($2.59B), and United States ($2.48B).
Imports: In 2018 the top importers of Refrigerators were United States ($9.15B), Germany ($3.3B), France ($2.24B), United Kingdom ($1.81B), and Canada ($1.48B).
Tariffs: In 2018 the average tariff for Refrigerators was 11.1%, been the 362 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Refrigerators are Zimbabwe (35.8%), Iran (35.7%), Malaysia (30%), Syria (29.4%), and Sudan (28.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Refrigerators ranks 320th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $10.8B
Top Destination (2018): United States, $9.15B
Refrigerators are the world's 80th most traded product.
In 2018, the top exporters of Refrigerators were China ($10.8B), Mexico ($5.21B), Italy ($3.38B), Germany ($2.59B), and United States ($2.48B).
In 2018, the top importers of Refrigerators were United States ($9.15B), Germany ($3.3B), France ($2.24B), United Kingdom ($1.81B), and Canada ($1.48B).
Trade by country
Between 2017 and 2018, the exports of Refrigerators grew the fastest in China ($705M), Thailand ($418M), United Arab Emirates ($332M), Italy ($315M), and United States ($302M).
Between 2017 and 2018, the fastest growing importers of Refrigerators were Germany ($456M), Vietnam ($308M), Netherlands ($263M), Poland ($170M), and Spain ($158M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Refrigerators.
In 2018, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Refrigerators are explained by 21 countries.
TOP NET EXPORTER (2018): China, $9.62B
TOP NET IMPORTER (2018): United States, $6.66B
This map shows which countries export or import more of Refrigerators. Each country is colored based on the difference in exports and imports of Refrigerators during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Refrigerators were China ($9.62B), Mexico ($4.32B), Italy ($2.2B), Turkey ($1.73B), and Thailand ($1.71B).
In 2018, the countries that had a largest trade value in imports than in exports of Refrigerators were United States ($6.66B), United Kingdom ($1.45B), Canada ($1.11B), Australia ($1B), and Germany ($711M).
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v4.0.2 ant