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Automatic regulating/controlling equipment nes

903289 (Harmonized System 1992 for 6-digit)

2022
World Trade $22.7BRnk 138 / 4648
2022
Top Exporter | Top Importer $3.86B | $4.36BJapan | United States
2022
Product Complexity 0.87Rnk 985 / 4653
2021 - 2022
Export Growth (CAGR) 4.23%Rnk 2332 / 4648
2022
Share of World Trade 0.096%Rnk 138 / 4648

About

Overview This page contains the latest trade data of Automatic regulating/controlling equipment nes. In 2022, Automatic regulating/controlling equipment nes were the world's 138th most traded product, with a total trade of $22.7B. Between 2021 and 2022 the exports of Automatic regulating/controlling equipment nes grew by 4.23%, from $21.8B to $22.7B. Trade in Automatic regulating/controlling equipment nes represent 0.096% of total world trade.

Automatic regulating/controlling equipment nes are a part of Thermostats.

Exports In 2022 the top exporters of Automatic regulating/controlling equipment nes  were Japan ($3.86B), China ($3.15B), United States ($2.72B), Germany ($1.82B), and Mexico ($1.66B).

Imports In 2022 the top importers of Automatic regulating/controlling equipment nes were United States ($4.36B), China ($2.23B), Germany ($1.85B), Thailand ($975M), and South Korea ($856M).

Ranking Automatic regulating/controlling equipment nes ranks 985th in the Product Complexity Index (PCI).

Description An automatic regulating device is a mechanical device or electronic sensor that automatically regulates the flow of gases or liquids. Automatic regulating devices can be used for heating and cooling, for example, in a home.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Automatic regulating/controlling equipment nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Japan$3.86B
Top Destination (2022)United States$4.36B

In 2022 Automatic regulating/controlling equipment nes were the world's 138th most traded product (out of 4,648).

In 2022, the top exporters of Automatic regulating/controlling equipment nes were Japan ($3.86B), China ($3.15B), United States ($2.72B), Germany ($1.82B), and Mexico ($1.66B).

In 2022, the top importers of Automatic regulating/controlling equipment nes were United States ($4.36B), China ($2.23B), Germany ($1.85B), Thailand ($975M), and South Korea ($856M).

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Exporters of Automatic regulating/controlling equipment nes (2022)
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Importers of Automatic regulating/controlling equipment nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$421M
Top Destination Growth (2021 -  2022)United States$276M

Between 2021 and 2022, the exports of Automatic regulating/controlling equipment nes grew the fastest in China ($421M), United States ($372M), Mexico ($244M), Malaysia ($203M), and Singapore ($150M).

Between 2021 and 2022, the fastest growing importers of Automatic regulating/controlling equipment nes were United States ($276M), India ($175M), South Korea ($148M), Mexico ($144M), and Singapore ($101M).

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Exporters of Automatic regulating/controlling equipment nes (2021 - 2022)

Importers of Automatic regulating/controlling equipment nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Automatic regulating/controlling equipment nes.

In 2022, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Automatic regulating/controlling equipment nes are explained by 20 countries.

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Value of Exports in Automatic regulating/controlling equipment nes

Net Trade

TOP NET EXPORTER (2022)Japan$3.08B
TOP NET IMPORTER (2022)United States$1.64B

This map shows which countries export or import more of Automatic regulating/controlling equipment nes. Each country is colored based on the difference in exports and imports of Automatic regulating/controlling equipment nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Automatic regulating/controlling equipment nes were Japan ($3.08B), China ($922M), Mexico ($846M), Hungary ($465M), and Malaysia ($379M).

In 2022, the countries that had a largest trade value in imports than in exports of Automatic regulating/controlling equipment nes were United States ($1.64B), Brazil ($524M), Thailand ($494M), India ($478M), and Chinese Taipei ($322M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Automatic regulating/controlling equipment nes.
It is possible to select the main countries that export or import Automatic regulating/controlling equipment nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Automatic regulating/controlling equipment nes by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

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