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841430 (Harmonized System 1992 for 6-digit)

2022
World Trade $16.5BRnk 219 / 4648
2022
Top Exporter | Top Importer $5.53B | $2.84BChina | United States
2022
Product Complexity 1.17Rnk 533 / 4653
2021 - 2022
Export Growth (CAGR) 1.33%Rnk 2770 / 4648
2022
Share of World Trade 0.07%Rnk 219 / 4648

About

Overview This page contains the latest trade data of Compressors for refrigerating equipment. In 2022, Compressors for refrigerating equipment were the world's 219th most traded product, with a total trade of $16.5B. Between 2021 and 2022 the exports of Compressors for refrigerating equipment grew by 1.33%, from $16.3B to $16.5B. Trade in Compressors for refrigerating equipment represent 0.07% of total world trade.

Compressors for refrigerating equipment are a part of Air Pumps.

Exports In 2022 the top exporters of Compressors for refrigerating equipment  were China ($5.53B), Japan ($1.76B), Germany ($1.37B), South Korea ($1.19B), and United States ($1.17B).

Imports In 2022 the top importers of Compressors for refrigerating equipment were United States ($2.84B), Mexico ($1.15B), Germany ($987M), China ($914M), and India ($724M).

Ranking Compressors for refrigerating equipment ranks 533rd in the Product Complexity Index (PCI).

Description Compressors are used in refrigerating equipment to provide the cooling effect in a refrigerator. Compressors are typically driven by a motor, and they are either single-stage or multi-stage. Single-stage compressors are typically used in domestic refrigerators, while multi-stage compressors are typically used in commercial refrigerators.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Compressors for refrigerating equipment. 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$5.53B
Top Destination (2022)United States$2.84B

In 2022 Compressors for refrigerating equipment were the world's 219th most traded product (out of 4,648).

In 2022, the top exporters of Compressors for refrigerating equipment were China ($5.53B), Japan ($1.76B), Germany ($1.37B), South Korea ($1.19B), and United States ($1.17B).

In 2022, the top importers of Compressors for refrigerating equipment were United States ($2.84B), Mexico ($1.15B), Germany ($987M), China ($914M), and India ($724M).

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Exporters of Compressors for refrigerating equipment (2022)
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Importers of Compressors for refrigerating equipment (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$228M
Top Destination Growth (2021 -  2022)United States$380M

Between 2021 and 2022, the exports of Compressors for refrigerating equipment grew the fastest in Mexico ($228M), South Korea ($168M), United States ($127M), Thailand ($62.4M), and India ($28.3M).

Between 2021 and 2022, the fastest growing importers of Compressors for refrigerating equipment were United States ($380M), India ($136M), Mexico ($97.9M), United Arab Emirates ($86.6M), and South Korea ($80.4M).

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Exporters of Compressors for refrigerating equipment (2021 - 2022)

Importers of Compressors for refrigerating equipment (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Compressors for refrigerating equipment.

In 2022, market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Compressors for refrigerating equipment are explained by 12 countries.

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Value of Exports in Compressors for refrigerating equipment

Net Trade

TOP NET EXPORTER (2022)China$4.62B
TOP NET IMPORTER (2022)United States$1.67B

This map shows which countries export or import more of Compressors for refrigerating equipment. Each country is colored based on the difference in exports and imports of Compressors for refrigerating equipment during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Compressors for refrigerating equipment were China ($4.62B), Japan ($1.2B), South Korea ($581M), Germany ($378M), and Thailand ($324M).

In 2022, the countries that had a largest trade value in imports than in exports of Compressors for refrigerating equipment were United States ($1.67B), Turkey ($615M), India ($601M), Italy ($407M), and Spain ($260M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Compressors for refrigerating equipment 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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