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2023
Exports $16.4BWorld Rnk 1 / 206
Flag Rnk 42 / 1215
2023
Destination $172M United States
2022 - 2023
FASTEST GROWING MARKET $172MRussia
2023
PRODUCT COMPLEXITY IN Refrigerators0.59Rnk 333 / 1025
2023
Imports $854MWorld Rnk 15 / 225
Flag Rnk 240 / 1214
2023
Origin $16M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $16MFrance
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $16.4B in Refrigerators, making it the 1st largest exporter of Refrigerators in the world. At the same year, Refrigerators was the 42nd most exported product in China. The main destination of Refrigerators exports from China are: United States ($2.5B), Japan ($882M), Australia ($730M), Germany ($648M), and South Korea ($560M).

The fastest growing export markets for Refrigerators of China between 2022 and 2023 were Russia ($172M), Spain ($61.1M), and Mexico ($54M).

Imports In 2023, China imported $854M in Refrigerators, becoming the 15th largest importer of Refrigerators in the world. At the same year, Refrigerators was the 240th most imported product in China. China imports Refrigerators primarily from: Singapore ($246M), Germany ($124M), Japan ($117M), United States ($77.5M), and France ($35.1M).

The fastest growing import markets in Refrigerators for China between 2022 and 2023 were France ($16M), Ireland ($7.84M), and United Arab Emirates ($4.44M).

COMPANIES In 2024, leading companies such as Electrolux (1.67k), CrimsonLogic (500), and Costco Wholesale (404) were at the forefront of shipping Refrigerators from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Refrigerators exports accounted up to $1.64B and imports accounted up to $115M, resulting in a positive trade balance of $1.53B. Between December 2023 and December 2024 the exports of China's   Refrigerators have increased by $360M (28.1%) from $1.28B to $1.64B, while imports increased by $44.3M (62.3%) from $71.1M to $115M.

Destinations In December 2024, Refrigerators were exported mostly to United States ($282M), Japan ($71.9M), Australia ($55.3M), Mexico ($51.8M), and South Korea ($50.3M), and were imported mostly from Singapore ($40.9M), Germany ($19M), Japan ($11.7M), South Korea ($8.93M), and France ($8.19M).

Growth In December 2024, the increase in Refrigerators's year-by-year exports was explained primarily by an increase in exports to United States ($47.3M or 24.7%), Indonesia ($21.5M or 80.3%), and Japan ($21.5M or 28.7%). In December 2024, the increase in Refrigerators's year-by-year imports was explained primarily by an increase in imports from Singapore ($27.1M or 78.4%), France ($6.72M or 203%), and South Korea ($3.71M or 228%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$360M(28.1%)
IMPORT GROWTH (December 2023 - December 2024)$44.3M(62.3%)
MAIN EXPORTER (December 2024)Guangdong Province$602M
MAIN DESTINATION (December 2024)United States$282M

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 (2023)$16.4B
IMPORTS (2023)$854M
NET TRADE (2023)$15.5B

In 2023, China exported $16.4B in Refrigerators. The main destinations of China exports on Refrigerators were United States ($2.5B), Japan ($882M), Australia ($730M), Germany ($648M), and South Korea ($560M).

In 2023, China imported $854M in Refrigerators, mainly from Singapore ($246M), Germany ($124M), Japan ($117M), United States ($77.5M), and France ($35.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refrigerators EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$172M (51.5%)
Spain$61.1M (21.6%)
Mexico$54M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refrigerators BY China WERE (2022 - 2023):
United States-$860M (-25.6%)
Australia-$190M (-20.7%)
United Kingdom-$127M (-19.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Refrigerators were:
Mexico $7.25B
Italy $4.25B
In 2023, China's main importing competitors in Refrigerators were:
United States $13.7B
Germany $4.51B
France $2.78B

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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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