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903210 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.8BRnk 764 / 4644
2023
Top Exporter | Top Importer $1.04B | $1.16BChina | United States
2023
Product Complexity 0.23Rnk 2149 / 4656
2022 - 2023
Export Growth (CAGR) -4.3%Rnk 2016 / 4644
2023
Share of World Trade 0.021%Rnk 764 / 4644

About

Overview This page contains the latest trade data of Thermostats. In 2023, Thermostats were the world's 764th most traded product, with a total trade of $4.8B. Between 2022 and 2023 the exports of Thermostats decreased by -4.3%, from $5.02B to $4.8B. Trade in Thermostats represent 0.021% of total world trade.

Thermostats are a part of Thermostats.

Exports In 2023 the top exporters of Thermostats  were China ($1.04B), Mexico ($634M), Germany ($573M), France ($244M), and Czechia ($231M).

Imports In 2023 the top importers of Thermostats were United States ($1.16B), Germany ($450M), China ($254M), United Kingdom ($242M), and France ($222M).

Ranking Thermostats ranks 2149th in the Product Complexity Index (PCI).

Description Thermostats are typically used to control the temperature of a room and keep it stable.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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$1.04B
Top Destination (2023)United States$1.16B

In 2023 Thermostats were the world's 764th most traded product (out of 4,644).

In 2023, the top exporters of Thermostats were China ($1.04B), Mexico ($634M), Germany ($573M), France ($244M), and Czechia ($231M).

In 2023, the top importers of Thermostats were United States ($1.16B), Germany ($450M), China ($254M), United Kingdom ($242M), and France ($222M).

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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)Vietnam$48.6M
Top Destination Growth (2022 -  2023)United Kingdom$29.3M

Between 2022 and 2023, the exports of Thermostats grew the fastest in Vietnam ($48.6M), Mexico ($25.9M), Canada ($20.1M), Croatia ($14.7M), and Czechia ($14.7M).

Between 2022 and 2023, the fastest growing importers of Thermostats were United Kingdom ($29.3M), Russia ($9.76M), Mexico ($8.23M), Turkey ($4.83M), and Tunisia ($4.14M).

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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 4.23. This means that most of the exports of Thermostats are explained by 18 countries.

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Value of Exports in Thermostats

Net Trade

TOP NET EXPORTER (2023)China$782M
TOP NET IMPORTER (2023)United States$937M

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 China ($782M), Mexico ($436M), Malaysia ($175M), Czechia ($154M), and Vietnam ($148M).

In 2023, the countries that had a largest trade value in imports than in exports of Thermostats were United States ($937M), United Kingdom ($167M), Hong Kong ($100M), Netherlands ($91.3M), and Austria ($82.5M).

Net Trade (2023)

Country Comparison

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Measure
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

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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