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841950 (Harmonized System 1992 for 6-digit)

2022
World Trade $12.5BRnk 306 / 4648
2022
Top Exporter | Top Importer $1.9B | $1.63BChina | United States
2022
Product Complexity 1.21Rnk 482 / 4653
2021 - 2022
Export Growth (CAGR) 9.76%Rnk 1630 / 4648
2022
Share of World Trade 0.053%Rnk 306 / 4648

About

Overview This page contains the latest trade data of Heat exchange units, non-domestic, non-electric. In 2022, Heat exchange units, non-domestic, non-electric were the world's 306th most traded product, with a total trade of $12.5B. Between 2021 and 2022 the exports of Heat exchange units, non-domestic, non-electric grew by 9.76%, from $11.4B to $12.5B. Trade in Heat exchange units, non-domestic, non-electric represent 0.053% of total world trade.

Heat exchange units, non-domestic, non-electric are a part of Other Heating Machinery.

Exports In 2022 the top exporters of Heat exchange units, non-domestic, non-electric  were China ($1.9B), United States ($1.32B), Germany ($1.23B), Italy ($1.14B), and South Korea ($559M).

Imports In 2022 the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.63B), Germany ($1.21B), Canada ($562M), France ($535M), and China ($535M).

Ranking Heat exchange units, non-domestic, non-electric ranks 482nd in the Product Complexity Index (PCI).

Description A heat exchanger is a device that transfers thermal energy from one fluid to another fluid with a lower temperature. Domestic: Heat exchangers are used in homes to provide heating and cooling. Non-domestic: Heat exchangers are used in a variety of industries to provide heating and cooling. For example, heat exchangers are used in power plants, gas turbines, and chemical processing plants. What are the three main types of heat exchangers? The three main types of heat exchangers are finned tube, shell and tube, and

Latest Trends

Latest Data

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The following visualization shows the latest trends on Heat exchange units, non-domestic, non-electric. 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$1.9B
Top Destination (2022)United States$1.63B

In 2022 Heat exchange units, non-domestic, non-electric were the world's 306th most traded product (out of 4,648).

In 2022, the top exporters of Heat exchange units, non-domestic, non-electric were China ($1.9B), United States ($1.32B), Germany ($1.23B), Italy ($1.14B), and South Korea ($559M).

In 2022, the top importers of Heat exchange units, non-domestic, non-electric were United States ($1.63B), Germany ($1.21B), Canada ($562M), France ($535M), and China ($535M).

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Exporters of Heat exchange units, non-domestic, non-electric (2022)
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Importers of Heat exchange units, non-domestic, non-electric (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$458M
Top Destination Growth (2021 -  2022)United States$380M

Between 2021 and 2022, the exports of Heat exchange units, non-domestic, non-electric grew the fastest in China ($458M), United States ($256M), United Kingdom ($142M), Poland ($86.9M), and Malaysia ($82.2M).

Between 2021 and 2022, the fastest growing importers of Heat exchange units, non-domestic, non-electric were United States ($380M), Germany ($167M), Indonesia ($113M), Mexico ($113M), and France ($102M).

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Exporters of Heat exchange units, non-domestic, non-electric (2021 - 2022)

Importers of Heat exchange units, non-domestic, non-electric (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Heat exchange units, non-domestic, non-electric.

In 2022, market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Heat exchange units, non-domestic, non-electric are explained by 23 countries.

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Value of Exports in Heat exchange units, non-domestic, non-electric

Net Trade

TOP NET EXPORTER (2022)China$1.36B
TOP NET IMPORTER (2022)Canada$357M

This map shows which countries export or import more of Heat exchange units, non-domestic, non-electric. Each country is colored based on the difference in exports and imports of Heat exchange units, non-domestic, non-electric during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Heat exchange units, non-domestic, non-electric were China ($1.36B), Italy ($684M), South Korea ($304M), Sweden ($300M), and Hungary ($210M).

In 2022, the countries that had a largest trade value in imports than in exports of Heat exchange units, non-domestic, non-electric were Canada ($357M), Indonesia ($338M), United States ($311M), Russia ($194M), and Thailand ($128M).

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 Heat exchange units, non-domestic, non-electric.
It is possible to select the main countries that export or import Heat exchange units, non-domestic, non-electric in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Heat exchange units, non-domestic, non-electric 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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