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Regulating or controlling instruments and apparatus; automatic type

9032 (Harmonized System 1992 for 4-digit)

2023
World Trade $36.1BRnk 119 / 1217
2023
Top Exporter | Top Importer $5.12B | $4.89BChina | United States
2023
Product Complexity 1.14Rnk 129 / 1044
2022 - 2023
Export Growth (CAGR) -4.78%Rnk 559 / 1217
2023
Share of World Trade 0.16%Rnk 119 / 1217

About

Overview This page contains the latest trade data of Thermostats. In 2023, Thermostats were the world's 119th most traded product, with a total trade of $36.1B. Between 2022 and 2023 the exports of Thermostats decreased by -4.78%, from $37.9B to $36.1B. Trade in Thermostats represent 0.16% of total world trade.

Thermostats are a part of Optical, photo, & film equipment; medical instruments. They include Automatic Regulating & Controlling Equipment (n.e.s.), Parts and accessories for automatic controls, Thermostats, Hydraulic and pneumatic automatic controls, and Manostats.

Exports In 2023 the top exporters of Thermostats  were China ($5.12B), Germany ($4.8B), United States ($4.21B), Japan ($3.52B), and Mexico ($2.05B).

Imports In 2023 the top importers of Thermostats were United States ($4.89B), China ($3.54B), Germany ($3.04B), Mexico ($1.57B), and Brazil ($1.4B).

Ranking Thermostats ranks 129th in the Product Complexity Index (PCI).

Description Regulating or controlling instruments and apparatus are used to control the flow of a liquid, gas, or other substance. They can be made from a variety of materials, including plastic, metal, wood, and glass.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Thermostats. 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$5.12B
Top Destination (2023)United States$4.89B

In 2023 Thermostats were the world's 119th most traded product (out of 1,217).

In 2023, the top exporters of Thermostats were China ($5.12B), Germany ($4.8B), United States ($4.21B), Japan ($3.52B), and Mexico ($2.05B).

In 2023, the top importers of Thermostats were United States ($4.89B), China ($3.54B), Germany ($3.04B), Mexico ($1.57B), and Brazil ($1.4B).

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Exporters of Thermostats (2023)
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Importers of Thermostats (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$237M
Top Destination Growth (2022 -  2023)Spain$273M

Between 2022 and 2023, the exports of Thermostats grew the fastest in France ($237M), Germany ($191M), Hungary ($138M), Vietnam ($109M), and Norway ($99.5M).

Between 2022 and 2023, the fastest growing importers of Thermostats were Spain ($273M), Netherlands ($171M), Turkey ($96.3M), Mexico ($95.1M), and United Arab Emirates ($94.3M).

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Exporters of Thermostats (2022 - 2023)

Importers of Thermostats (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Thermostats.

In 2023, market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Thermostats are explained by 22 countries.

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Value of Exports in Thermostats

Net Trade

TOP NET EXPORTER (2023)Japan$2.62B
TOP NET IMPORTER (2023)Brazil$1.21B

This map shows which countries export or import more of Thermostats. Each country is colored based on the difference in exports and imports of Thermostats during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Thermostats were Japan ($2.62B), Germany ($1.76B), China ($1.58B), Hungary ($821M), and France ($626M).

In 2023, the countries that had a largest trade value in imports than in exports of Thermostats were Brazil ($1.21B), Thailand ($735M), United States ($687M), India ($620M), and Turkey ($589M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Thermostats, disaggragated by their HS6 level were Automatic Regulating & Controlling Equipment (n.e.s.) ($23.1B), Thermostats ($4.8B), Parts and accessories for automatic controls ($4.57B), Hydraulic and pneumatic automatic controls ($2.56B), and Manostats ($1.06B)

HS6 Disaggregation for Thermostats (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Thermostats by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $116M
TOP IMPORT POTENTIALChina+ $43.9M

Thermostats’s highest export potential is United States. With an export gap of $116M.  Thermostats’s highest import potential is China with an import gap of $43.9M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Thermostats.

Country by Relatedness

The following visualization shows the relatedness of Thermostats to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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