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841861 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.84BRnk 665 / 4648
2022
Top Exporter | Top Importer $1.29B | $824MChina | Germany
2022
Product Complexity 1.13Rnk 585 / 4653
2021 - 2022
Export Growth (CAGR) 26.3%Rnk 530 / 4648
2022
Share of World Trade 0.025%Rnk 665 / 4648

About

Overview This page contains the latest trade data of Compression refrigeration equipment with heat exchange. In 2022, Compression refrigeration equipment with heat exchange were the world's 665th most traded product, with a total trade of $5.84B. Between 2021 and 2022 the exports of Compression refrigeration equipment with heat exchange grew by 26.3%, from $4.62B to $5.84B. Trade in Compression refrigeration equipment with heat exchange represent 0.025% of total world trade.

Compression refrigeration equipment with heat exchange are a part of Refrigerators.

Exports In 2022 the top exporters of Compression refrigeration equipment with heat exchange  were China ($1.29B), Germany ($825M), France ($730M), Sweden ($499M), and Italy ($343M).

Imports In 2022 the top importers of Compression refrigeration equipment with heat exchange were Germany ($824M), France ($528M), Italy ($521M), Netherlands ($509M), and Poland ($507M).

Ranking Compression refrigeration equipment with heat exchange ranks 585th in the Product Complexity Index (PCI).

Description Compression refrigeration equipment is used to cool substances, rather than heat them. In this process, the substance is compressed, allowing it to liquefy and reach a lower temperature. Compressed refrigerant is then run through a heat exchanger which transfers the heat from the process and releases it into the outside air. These processes can be done in cycles to allow for greater cooling of the substance.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Compression refrigeration equipment with heat exchange. 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)China$1.29B
Top Destination (2022)Germany$824M

In 2022 Compression refrigeration equipment with heat exchange were the world's 665th most traded product (out of 4,648).

In 2022, the top exporters of Compression refrigeration equipment with heat exchange were China ($1.29B), Germany ($825M), France ($730M), Sweden ($499M), and Italy ($343M).

In 2022, the top importers of Compression refrigeration equipment with heat exchange were Germany ($824M), France ($528M), Italy ($521M), Netherlands ($509M), and Poland ($507M).

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Exporters of Compression refrigeration equipment with heat exchange (2022)
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Importers of Compression refrigeration equipment with heat exchange (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$407M
Top Destination Growth (2021 -  2022)Poland$277M

Between 2021 and 2022, the exports of Compression refrigeration equipment with heat exchange grew the fastest in China ($407M), Germany ($155M), South Korea ($113M), Sweden ($91.6M), and Italy ($89.6M).

Between 2021 and 2022, the fastest growing importers of Compression refrigeration equipment with heat exchange were Poland ($277M), Italy ($248M), Netherlands ($191M), Sweden ($64.1M), and Germany ($43M).

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Exporters of Compression refrigeration equipment with heat exchange (2021 - 2022)

Importers of Compression refrigeration equipment with heat exchange (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Compression refrigeration equipment with heat exchange.

In 2022, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Compression refrigeration equipment with heat exchange are explained by 15 countries.

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Value of Exports in Compression refrigeration equipment with heat exchange

Net Trade

TOP NET EXPORTER (2022)China$1.25B
TOP NET IMPORTER (2022)Netherlands$424M

This map shows which countries export or import more of Compression refrigeration equipment with heat exchange. Each country is colored based on the difference in exports and imports of Compression refrigeration equipment with heat exchange during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Compression refrigeration equipment with heat exchange were China ($1.25B), Sweden ($343M), Japan ($249M), France ($202M), and South Korea ($173M).

In 2022, the countries that had a largest trade value in imports than in exports of Compression refrigeration equipment with heat exchange were Netherlands ($424M), Poland ($391M), Switzerland ($205M), Italy ($178M), and Spain ($145M).

Net Trade (2022)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Compression refrigeration equipment with heat exchange.
It is possible to select the main countries that export or import Compression refrigeration equipment with heat exchange in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Compression refrigeration equipment with heat exchange 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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