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2022
Exports $16.7BWorld Rnk 1 / 213
Flag Rnk 46 / 1216
2022
Destination $133M United States
2021 - 2022
FASTEST GROWING MARKET $133MPoland
2022
PRODUCT COMPLEXITY IN Refrigerators0.56Rnk 339 / 1025
2022
Imports $1.14BWorld Rnk 13 / 224
Flag Rnk 199 / 1212
2022
Origin $15.8M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $15.8MJapan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $16.7B in Refrigerators, making it the 1st largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 46th most exported product in China. The main destination of Refrigerators exports from China are: United States ($3.13B), Japan ($941M), Australia ($815M), Germany ($646M), and France ($600M).

The fastest growing export markets for Refrigerators of China between 2021 and 2022 were Poland ($133M), Australia ($117M), and Italy ($99.8M).

Imports In 2022, China imported $1.14B in Refrigerators, becoming the 13th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 199th most imported product in China. China imports Refrigerators primarily from: Singapore ($451M), Germany ($162M), Japan ($151M), United States ($87.3M), and South Korea ($56.8M).

The fastest growing import markets in Refrigerators for China between 2021 and 2022 were Japan ($15.8M), Germany ($15.1M), and Denmark ($6.24M).

COMPANIES In 2023, leading companies such as Electrolux (1.7k), Costco Wholesale (673), and BSH Home Appliances (244) were at the forefront of shipping Refrigerators from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Refrigerators exports accounted up to $1.55B and imports accounted up to $64.3M, resulting in a positive trade balance of $1.48B. Between October 2023 and October 2024 the exports of China's   Refrigerators have increased by $338M (27.9%) from $1.21B to $1.55B, while imports decreased by $-14M (-17.9%) from $78.2M to $64.3M.

Destinations In October 2024, Refrigerators were exported mostly to United States ($265M), Japan ($72.6M), Australia ($65.8M), South Korea ($62M), and Russia ($54.9M), and were imported mostly from Singapore ($19.2M), Germany ($7.9M), Japan ($7.4M), South Korea ($6.27M), and United States ($5.26M).

Growth In October 2024, the increase in Refrigerators's year-by-year exports was explained primarily by an increase in exports to Poland ($49.5M or 162%), Italy ($26.7M or 59.7%), and Russia ($9.46M or 42.4%). In October 2024, the decrease in Refrigerators's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-13.3M or -27.9%), Germany ($-8.24M or -39%), and South Korea ($-6.01M or -78.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$338M(27.9%)
IMPORT GROWTH (October 2023 - October 2024)$-14M(-17.9%)
MAIN EXPORTER (October 2024)Guangdong Province$602M
MAIN DESTINATION (October 2024)United States$265M

This section shows Refrigerators's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Refrigerators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.7B
IMPORTS (2022)$1.14B
NET TRADE (2022)$15.5B

In 2022, China exported $16.7B in Refrigerators. The main destinations of China exports on Refrigerators were United States ($3.13B), Japan ($941M), Australia ($815M), Germany ($646M), and France ($600M).

In 2022, China imported $1.14B in Refrigerators, mainly from Singapore ($451M), Germany ($162M), Japan ($151M), United States ($87.3M), and South Korea ($56.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR China WERE (2021 - 2022):
Poland$133M (35.9%)
Australia$117M (16.7%)
Italy$99.8M (20.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY China WERE (2021 - 2022):
France-$221M (-26.9%)
United Kingdom-$156M (-22.2%)
Chile-$151M (-43.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Refrigerators were:
Mexico $7.06B
Italy $4.21B
In 2022, China's main importing competitors in Refrigerators were:
United States $14B
Germany $4.27B
France $2.82B

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Trade Value of Refrigerators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $406M
TOP IMPORT POTENTIALSouth Korea+ $56.7M

Refrigerators’s highest export potential is United States. With an export gap of $406M.   Refrigerators’s highest import potential is South Korea with an import gap of $56.7M.

See methodology.

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