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Instantaneous/storage water heaters, not electric nes

841919 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.69BRnk 1223 / 4648
2022
Top Exporter | Top Importer $538M | $578MMexico | United States
2022
Product Complexity 0.89Rnk 941 / 4653
2021 - 2022
Export Growth (CAGR) 14.5%Rnk 1158 / 4648
2022
Share of World Trade 0.011%Rnk 1223 / 4648

About

Overview This page contains the latest trade data of Instantaneous/storage water heaters, not electric nes. In 2022, Instantaneous/storage water heaters, not electric nes were the world's 1223rd most traded product, with a total trade of $2.69B. Between 2021 and 2022 the exports of Instantaneous/storage water heaters, not electric nes grew by 14.5%, from $2.35B to $2.69B. Trade in Instantaneous/storage water heaters, not electric nes represent 0.011% of total world trade.

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

Exports In 2022 the top exporters of Instantaneous/storage water heaters, not electric nes  were Mexico ($538M), Germany ($297M), China ($226M), Austria ($206M), and Italy ($192M).

Imports In 2022 the top importers of Instantaneous/storage water heaters, not electric nes were United States ($578M), Germany ($436M), Canada ($187M), France ($179M), and Italy ($126M).

Ranking Instantaneous/storage water heaters, not electric nes ranks 941st 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 (2022)Mexico$538M
Top Destination (2022)United States$578M

In 2022 Instantaneous/storage water heaters, not electric nes were the world's 1223rd most traded product (out of 4,648).

In 2022, the top exporters of Instantaneous/storage water heaters, not electric nes were Mexico ($538M), Germany ($297M), China ($226M), Austria ($206M), and Italy ($192M).

In 2022, the top importers of Instantaneous/storage water heaters, not electric nes were United States ($578M), Germany ($436M), Canada ($187M), France ($179M), and Italy ($126M).

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Exporters of Instantaneous/storage water heaters, not electric nes (2022)
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Importers of Instantaneous/storage water heaters, not electric nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$104M
Top Destination Decrease (2021 -  2022)Russia-$23.2M

Between 2021 and 2022, the exports of Instantaneous/storage water heaters, not electric nes grew the fastest in United Kingdom ($104M), Italy ($36.6M), Germany ($33.1M), Poland ($29.8M), and Austria ($28.2M).

Between 2021 and 2022, the fastest declining importers of Instantaneous/storage water heaters, not electric nes were Russia (-$23.2M), United Kingdom (-$21.4M), Malaysia (-$10.1M), Mexico (-$5.35M), and China (-$5.34M).

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Exporters of Instantaneous/storage water heaters, not electric nes (2021 - 2022)

Importers of Instantaneous/storage water heaters, not electric nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.17. 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 (2022)Mexico$473M
TOP NET IMPORTER (2022)United States$391M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Instantaneous/storage water heaters, not electric nes were Mexico ($473M), China ($221M), Austria ($108M), Poland ($81.8M), and Greece ($76.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Instantaneous/storage water heaters, not electric nes were United States ($391M), Canada ($177M), Germany ($139M), Switzerland ($66.6M), and France ($40.9M).

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 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 (2022)

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