HS Icon Refrigerators

8418 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Refrigerators. In 2019, Refrigerators were the world's 78th most traded product, with a total trade of $47B. Between 2018 and 2019 the exports of Refrigerators decreased by -0.074%, from $47B to $47B. Trade in Refrigerators represent 0.26% of total world trade.

Exports: In 2019 the top exporters of Refrigerators  were China ($11.1B), Mexico ($5.16B), Italy ($3.27B), United States ($2.6B), and Germany ($2.5B).

Imports: In 2019 the top importers of Refrigerators were United States ($9.05B), Germany ($3.25B), France ($2.32B), United Kingdom ($1.84B), and Canada ($1.55B).

Tariffs: In 2018 the average tariff for Refrigerators was 11.1%, making it the 362nd 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 334th in the Product Complexity Index (PCI).

Description: Refrigerators, freezers and other refrigerating or freezing equipment are used to keep food cold or frozen. They can be made from a variety of materials, including stainless steel, aluminum, copper, plastic and wood.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $11.1B

Top Destination (2019): United States, $9.05B

Refrigerators are the world's 78th most traded product.

In 2019, the top exporters of Refrigerators were China ($11.1B), Mexico ($5.16B), Italy ($3.27B), United States ($2.6B), and Germany ($2.5B).

In 2019, the top importers of Refrigerators were United States ($9.05B), Germany ($3.25B), France ($2.32B), United Kingdom ($1.84B), and Canada ($1.55B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $276M

Top Destination Growth (2018 - 2019): South Korea, $127M

Between 2018 and 2019, the exports of Refrigerators grew the fastest in China ($276M), United Arab Emirates ($135M), Poland ($125M), South Korea ($104M), and Czechia ($67.9M).

Between 2018 and 2019, the fastest growing importers of Refrigerators were South Korea ($127M), Japan ($111M), Iraq ($101M), France ($87.3M), and Netherlands ($58.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Refrigerators.

In 2019,  market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Refrigerators are explained by 21 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $10B

TOP NET IMPORTER (2019): United States, $6.45B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Refrigerators were China ($10B), Mexico ($4.23B), Italy ($2.08B), Turkey ($1.75B), and Thailand ($1.69B).

In 2019, the countries that had a largest trade value in imports than in exports of Refrigerators were United States ($6.45B), United Kingdom ($1.42B), Canada ($1.16B), Australia ($950M), and France ($837M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Refrigerators, disaggragated by their HS6 level were Combined refrigerator-freezers, two door ($14.4B), Refrigerating or freezing equipment nes ($9.4B), Parts of refrigerating or freezing equipment ($6.53B), Refrigerator/freezer chests/cabinets/showcases ($6.15B), and Refrigerators, household compression type ($3.85B)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Refrigerators was 11.1%. The countries with the highest tariffs for importing Refrigerators were Zimbabwe (35.8%), Iran (35.7%), Malaysia (30%), Syria (29.4%), and Sudan (28.9%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Refrigerators to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.