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851610 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.01BRnk 897 / 4644
2023
Top Exporter | Top Importer $1.14B | $713MChina | United States
2023
Product Complexity 0.31Rnk 2018 / 4656
2022 - 2023
Export Growth (CAGR) -1.68%Rnk 1722 / 4644
2023
Share of World Trade 0.018%Rnk 897 / 4644

About

Overview This page contains the latest trade data of Electric instant, storage and immersion water heaters. In 2023, Electric instant, storage and immersion water heaters were the world's 897th most traded product, with a total trade of $4.01B. Between 2022 and 2023 the exports of Electric instant, storage and immersion water heaters decreased by -1.68%, from $4.08B to $4.01B. Trade in Electric instant, storage and immersion water heaters represent 0.018% of total world trade.

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

Exports In 2023 the top exporters of Electric instant, storage and immersion water heaters  were China ($1.14B), Mexico ($553M), United States ($285M), Germany ($277M), and Italy ($253M).

Imports In 2023 the top importers of Electric instant, storage and immersion water heaters were United States ($713M), Germany ($267M), France ($213M), United Kingdom ($170M), and Spain ($156M).

Ranking Electric instant, storage and immersion water heaters ranks 2018th 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 (2023)China$1.14B
Top Destination (2023)United States$713M

In 2023 Electric instant, storage and immersion water heaters were the world's 897th most traded product (out of 4,644).

In 2023, the top exporters of Electric instant, storage and immersion water heaters were China ($1.14B), Mexico ($553M), United States ($285M), Germany ($277M), and Italy ($253M).

In 2023, the top importers of Electric instant, storage and immersion water heaters were United States ($713M), Germany ($267M), France ($213M), United Kingdom ($170M), and Spain ($156M).

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Exporters of Electric instant, storage and immersion water heaters (2023)
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Importers of Electric instant, storage and immersion water heaters (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$30.8M
Top Destination Growth (2022 -  2023)Russia$35.8M

Between 2022 and 2023, the exports of Electric instant, storage and immersion water heaters grew the fastest in United States ($30.8M), Mexico ($28.7M), Italy ($27.3M), France ($14.1M), and Norway ($10.2M).

Between 2022 and 2023, the fastest growing importers of Electric instant, storage and immersion water heaters were Russia ($35.8M), China ($25.6M), United Arab Emirates ($17.3M), Belgium ($15.2M), and Kyrgyzstan ($12.6M).

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Exporters of Electric instant, storage and immersion water heaters (2022 - 2023)

Importers of Electric instant, storage and immersion water heaters (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Electric instant, storage and immersion water heaters are explained by 17 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$1.05B
TOP NET IMPORTER (2023)United States$428M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric instant, storage and immersion water heaters were China ($1.05B), Mexico ($499M), Italy ($168M), Egypt ($114M), and Bulgaria ($70.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric instant, storage and immersion water heaters were United States ($428M), Spain ($122M), France ($111M), Canada ($103M), and United Kingdom ($102M).

Net Trade (2023)

Country Comparison

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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 (2023)

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