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841869 (Harmonized System 1992 for 6-digit)

2022
World Trade $11.8BRnk 331 / 4648
2022
Top Exporter | Top Importer $2.66B | $2.02BChina | United States
2022
Product Complexity 0.83Rnk 1053 / 4653
2021 - 2022
Export Growth (CAGR) 7.25%Rnk 1928 / 4648
2022
Share of World Trade 0.05%Rnk 331 / 4648

About

Overview This page contains the latest trade data of Refrigerating or freezing equipment nes. In 2022, Refrigerating or freezing equipment nes were the world's 331st most traded product, with a total trade of $11.8B. Between 2021 and 2022 the exports of Refrigerating or freezing equipment nes grew by 7.25%, from $11B to $11.8B. Trade in Refrigerating or freezing equipment nes represent 0.05% of total world trade.

Refrigerating or freezing equipment nes are a part of Refrigerators.

Exports In 2022 the top exporters of Refrigerating or freezing equipment nes  were China ($2.66B), United States ($1.42B), Italy ($1.22B), Mexico ($949M), and Germany ($732M).

Imports In 2022 the top importers of Refrigerating or freezing equipment nes were United States ($2.02B), Canada ($843M), Germany ($701M), China ($622M), and United Kingdom ($435M).

Ranking Refrigerating or freezing equipment nes ranks 1053rd in the Product Complexity Index (PCI).

Description The most common use of refrigerating or freezing equipment is to maintain a constant temperature. This can be achieved by using a refrigerating system to transport cold air from the freezer to a refrigerator, where it is used to cool the inside. Alternatively, the freezer can be hooked up to a refrigeration system, which circulates cold fluid to cool the inside.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Refrigerating or freezing equipment 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)China$2.66B
Top Destination (2022)United States$2.02B

In 2022 Refrigerating or freezing equipment nes were the world's 331st most traded product (out of 4,648).

In 2022, the top exporters of Refrigerating or freezing equipment nes were China ($2.66B), United States ($1.42B), Italy ($1.22B), Mexico ($949M), and Germany ($732M).

In 2022, the top importers of Refrigerating or freezing equipment nes were United States ($2.02B), Canada ($843M), Germany ($701M), China ($622M), and United Kingdom ($435M).

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Exporters of Refrigerating or freezing equipment nes (2022)
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Importers of Refrigerating or freezing equipment nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$305M
Top Destination Growth (2021 -  2022)United States$260M

Between 2021 and 2022, the exports of Refrigerating or freezing equipment nes grew the fastest in China ($305M), Italy ($203M), United States ($178M), France ($59.4M), and Slovakia ($50.9M).

Between 2021 and 2022, the fastest growing importers of Refrigerating or freezing equipment nes were United States ($260M), Mexico ($128M), Singapore ($58.1M), United Kingdom ($46.4M), and Denmark ($44.1M).

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Exporters of Refrigerating or freezing equipment nes (2021 - 2022)

Importers of Refrigerating or freezing equipment nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Refrigerating or freezing equipment nes.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Refrigerating or freezing equipment nes are explained by 18 countries.

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Value of Exports in Refrigerating or freezing equipment nes

Net Trade

TOP NET EXPORTER (2022)China$2.04B
TOP NET IMPORTER (2022)Canada$659M

This map shows which countries export or import more of Refrigerating or freezing equipment nes. Each country is colored based on the difference in exports and imports of Refrigerating or freezing equipment nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Refrigerating or freezing equipment nes were China ($2.04B), Italy ($987M), Mexico ($603M), Ireland ($392M), and Singapore ($314M).

In 2022, the countries that had a largest trade value in imports than in exports of Refrigerating or freezing equipment nes were Canada ($659M), United States ($598M), United Kingdom ($259M), Australia ($239M), and Saudi Arabia ($182M).

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 Refrigerating or freezing equipment nes.
It is possible to select the main countries that export or import Refrigerating or freezing equipment nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Refrigerating or freezing equipment 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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