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851610 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.82BRnk 962 / 4648
2022
Top Exporter | Top Importer $918M | $755MChina | United States
2022
Product Complexity 0.22Rnk 2162 / 4653
2021 - 2022
Export Growth (CAGR) 7.86%Rnk 1855 / 4648
2022
Share of World Trade 0.016%Rnk 962 / 4648

About

Overview This page contains the latest trade data of Electric instant, storage and immersion water heaters. In 2022, Electric instant, storage and immersion water heaters were the world's 962nd most traded product, with a total trade of $3.82B. Between 2021 and 2022 the exports of Electric instant, storage and immersion water heaters grew by 7.86%, from $3.55B to $3.82B. Trade in Electric instant, storage and immersion water heaters represent 0.016% of total world trade.

Electric instant, storage and immersion water heaters are a part of Electric Heaters.

Exports In 2022 the top exporters of Electric instant, storage and immersion water heaters  were China ($918M), Mexico ($535M), Germany ($303M), United States ($263M), and Italy ($253M).

Imports In 2022 the top importers of Electric instant, storage and immersion water heaters were United States ($755M), Germany ($242M), France ($209M), Spain ($145M), and Canada ($145M).

Ranking Electric instant, storage and immersion water heaters ranks 2162nd in the Product Complexity Index (PCI).

Description An electric instant water heater provides near-instantaneous hot water when a hot water tap is opened. The temperature can be set by the user, and the water is heated by either an electric element or gas burner. This type of water heater can be used for short periods of time when hot water is needed in a hurry, such as for a dishwasher.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric instant, storage and immersion water heaters. 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$918M
Top Destination (2022)United States$755M

In 2022 Electric instant, storage and immersion water heaters were the world's 962nd most traded product (out of 4,648).

In 2022, the top exporters of Electric instant, storage and immersion water heaters were China ($918M), Mexico ($535M), Germany ($303M), United States ($263M), and Italy ($253M).

In 2022, the top importers of Electric instant, storage and immersion water heaters were United States ($755M), Germany ($242M), France ($209M), Spain ($145M), and Canada ($145M).

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Exporters of Electric instant, storage and immersion water heaters (2022)
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Importers of Electric instant, storage and immersion water heaters (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mexico$127M
Top Destination Growth (2021 -  2022)United States$97M

Between 2021 and 2022, the exports of Electric instant, storage and immersion water heaters grew the fastest in Mexico ($127M), China ($59.5M), United States ($34.6M), France ($21.3M), and Germany ($19.4M).

Between 2021 and 2022, the fastest growing importers of Electric instant, storage and immersion water heaters were United States ($97M), United Kingdom ($45.5M), Canada ($38.1M), China ($26.7M), and Kazakhstan ($26M).

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Exporters of Electric instant, storage and immersion water heaters (2021 - 2022)

Importers of Electric instant, storage and immersion water heaters (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric instant, storage and immersion water heaters.

In 2022, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Electric instant, storage and immersion water heaters are explained by 20 countries.

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Value of Exports in Electric instant, storage and immersion water heaters

Net Trade

TOP NET EXPORTER (2022)China$843M
TOP NET IMPORTER (2022)United States$492M

This map shows which countries export or import more of Electric instant, storage and immersion water heaters. Each country is colored based on the difference in exports and imports of Electric instant, storage and immersion water heaters during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electric instant, storage and immersion water heaters were China ($843M), Mexico ($494M), Italy ($152M), Egypt ($114M), and Bulgaria ($79.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Electric instant, storage and immersion water heaters were United States ($492M), France ($117M), Spain ($110M), Canada ($97.6M), and United Kingdom ($71.7M).

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 Electric instant, storage and immersion water heaters.
It is possible to select the main countries that export or import Electric instant, storage and immersion water heaters in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric instant, storage and immersion water heaters 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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