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Instantaneous/storage water heaters, not electric nes

841919 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.7BRnk 1177 / 4644
2023
Top Exporter | Top Importer $503M | $534MMexico | United States
2023
Product Complexity 0.86Rnk 1023 / 4656
2022 - 2023
Export Growth (CAGR) 2.99%Rnk 1226 / 4644
2023
Share of World Trade 0.012%Rnk 1177 / 4644

About

Overview This page contains the latest trade data of Instantaneous/storage water heaters, not electric nes. In 2023, Instantaneous/storage water heaters, not electric nes were the world's 1177th most traded product, with a total trade of $2.7B. Between 2022 and 2023 the exports of Instantaneous/storage water heaters, not electric nes grew by 2.99%, from $2.62B to $2.7B. Trade in Instantaneous/storage water heaters, not electric nes represent 0.012% of total world trade.

Instantaneous/storage water heaters, not electric nes are a part of Other Heating Machinery.

Exports In 2023 the top exporters of Instantaneous/storage water heaters, not electric nes  were Mexico ($503M), Germany ($309M), China ($234M), United States ($195M), and Italy ($193M).

Imports In 2023 the top importers of Instantaneous/storage water heaters, not electric nes were United States ($534M), Germany ($492M), Canada ($211M), Austria ($141M), and Switzerland ($140M).

Ranking Instantaneous/storage water heaters, not electric nes ranks 1023rd in the Product Complexity Index (PCI).

Description Instantaneous water heaters use a pilot light to heat the water to a boiling point, causing it to evaporate. The water evaporates into steam then condenses back into water, which is then stored. Storage water heaters heat the water to a boiling point, causing it to evaporate into steam. The steam is then stored for later use.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Instantaneous/storage water heaters, not electric nes. 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)Mexico$503M
Top Destination (2023)United States$534M

In 2023 Instantaneous/storage water heaters, not electric nes were the world's 1177th most traded product (out of 4,644).

In 2023, the top exporters of Instantaneous/storage water heaters, not electric nes were Mexico ($503M), Germany ($309M), China ($234M), United States ($195M), and Italy ($193M).

In 2023, the top importers of Instantaneous/storage water heaters, not electric nes were United States ($534M), Germany ($492M), Canada ($211M), Austria ($141M), and Switzerland ($140M).

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Exporters of Instantaneous/storage water heaters, not electric nes (2023)
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Importers of Instantaneous/storage water heaters, not electric nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$41.4M
Top Destination Growth (2022 -  2023)Germany$77.6M

Between 2022 and 2023, the exports of Instantaneous/storage water heaters, not electric nes grew the fastest in Italy ($41.4M), Poland ($29.5M), United States ($15.6M), Spain ($12.7M), and Turkey ($9.81M).

Between 2022 and 2023, the fastest growing importers of Instantaneous/storage water heaters, not electric nes were Germany ($77.6M), Canada ($25.1M), Switzerland ($24.9M), Netherlands ($19.2M), and Czechia ($12.8M).

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Exporters of Instantaneous/storage water heaters, not electric nes (2022 - 2023)

Importers of Instantaneous/storage water heaters, not electric nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Instantaneous/storage water heaters, not electric nes.

In 2023, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Instantaneous/storage water heaters, not electric nes are explained by 18 countries.

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Value of Exports in Instantaneous/storage water heaters, not electric nes

Net Trade

TOP NET EXPORTER (2023)Mexico$441M
TOP NET IMPORTER (2023)United States$340M

This map shows which countries export or import more of Instantaneous/storage water heaters, not electric nes. Each country is colored based on the difference in exports and imports of Instantaneous/storage water heaters, not electric nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Instantaneous/storage water heaters, not electric nes were Mexico ($441M), China ($230M), Poland ($139M), Italy ($83.1M), and Greece ($76.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Instantaneous/storage water heaters, not electric nes were United States ($340M), Canada ($201M), Germany ($183M), Switzerland ($65.2M), and Czechia ($41M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Instantaneous/storage water heaters, not electric nes.
It is possible to select the main countries that export or import Instantaneous/storage water heaters, not electric nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Instantaneous/storage water heaters, not electric nes 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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