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841990 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.15BRnk 454 / 4644
2023
Top Exporter | Top Importer $1.65B | $1.32BChina | United States
2023
Product Complexity 0.96Rnk 834 / 4656
2022 - 2023
Export Growth (CAGR) 5.56%Rnk 986 / 4644
2023
Share of World Trade 0.036%Rnk 454 / 4644

About

Overview This page contains the latest trade data of Parts, laboratory/industrial heating/cooling machiner. In 2023, Parts, laboratory/industrial heating/cooling machiner were the world's 454th most traded product, with a total trade of $8.15B. Between 2022 and 2023 the exports of Parts, laboratory/industrial heating/cooling machiner grew by 5.56%, from $7.72B to $8.15B. Trade in Parts, laboratory/industrial heating/cooling machiner represent 0.036% of total world trade.

Parts, laboratory/industrial heating/cooling machiner are a part of Other Heating Machinery.

Exports In 2023 the top exporters of Parts, laboratory/industrial heating/cooling machiner  were China ($1.65B), Germany ($935M), United States ($694M), Italy ($601M), and Sweden ($333M).

Imports In 2023 the top importers of Parts, laboratory/industrial heating/cooling machiner were United States ($1.32B), Germany ($489M), China ($411M), Canada ($323M), and Netherlands ($313M).

Ranking Parts, laboratory/industrial heating/cooling machiner ranks 834th in the Product Complexity Index (PCI).

Description Industrial heating and cooling machines can be used to heat and cool, either fluids or gases. They are typically used in the laboratory setting to maintain a constant temperature. How does an air-conditioner work? An air conditioner has the ability to cool the air by sucking in hot air and pushing out cooled air. The cool air is pushed out the back of the room and the hot air is pushed out the front.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts, laboratory/industrial heating/cooling machiner. 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$1.65B
Top Destination (2023)United States$1.32B

In 2023 Parts, laboratory/industrial heating/cooling machiner were the world's 454th most traded product (out of 4,644).

In 2023, the top exporters of Parts, laboratory/industrial heating/cooling machiner were China ($1.65B), Germany ($935M), United States ($694M), Italy ($601M), and Sweden ($333M).

In 2023, the top importers of Parts, laboratory/industrial heating/cooling machiner were United States ($1.32B), Germany ($489M), China ($411M), Canada ($323M), and Netherlands ($313M).

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Exporters of Parts, laboratory/industrial heating/cooling machiner (2023)
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Importers of Parts, laboratory/industrial heating/cooling machiner (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$96.3M
Top Destination Growth (2022 -  2023)Argentina$160M

Between 2022 and 2023, the exports of Parts, laboratory/industrial heating/cooling machiner grew the fastest in China ($96.3M), Germany ($84.5M), Italy ($82.8M), Mexico ($53.8M), and Switzerland ($49.1M).

Between 2022 and 2023, the fastest growing importers of Parts, laboratory/industrial heating/cooling machiner were Argentina ($160M), China ($94.9M), United States ($56.6M), Netherlands ($44.7M), and United Kingdom ($43.9M).

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Exporters of Parts, laboratory/industrial heating/cooling machiner (2022 - 2023)

Importers of Parts, laboratory/industrial heating/cooling machiner (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts, laboratory/industrial heating/cooling machiner.

In 2023, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Parts, laboratory/industrial heating/cooling machiner are explained by 23 countries.

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Value of Exports in Parts, laboratory/industrial heating/cooling machiner

Net Trade

TOP NET EXPORTER (2023)China$1.24B
TOP NET IMPORTER (2023)United States$624M

This map shows which countries export or import more of Parts, laboratory/industrial heating/cooling machiner. Each country is colored based on the difference in exports and imports of Parts, laboratory/industrial heating/cooling machiner during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts, laboratory/industrial heating/cooling machiner were China ($1.24B), Germany ($446M), Italy ($380M), Switzerland ($140M), and Portugal ($104M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts, laboratory/industrial heating/cooling machiner were United States ($624M), Argentina ($230M), Netherlands ($133M), Japan ($131M), and Indonesia ($123M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Parts, laboratory/industrial heating/cooling machiner.
It is possible to select the main countries that export or import Parts, laboratory/industrial heating/cooling machiner in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts, laboratory/industrial heating/cooling machiner 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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