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841981 (Harmonized System 1992 for 6-digit)

2022
World Trade $6.71BRnk 581 / 4648
2022
Top Exporter | Top Importer $1.29B | $1.31BItaly | United States
2022
Product Complexity 1.01Rnk 765 / 4653
2021 - 2022
Export Growth (CAGR) 16.3%Rnk 1024 / 4648
2022
Share of World Trade 0.028%Rnk 581 / 4648

About

Overview This page contains the latest trade data of Commercial equipment, hot drinks/cooking/heating food. In 2022, Commercial equipment, hot drinks/cooking/heating food were the world's 581st most traded product, with a total trade of $6.71B. Between 2021 and 2022 the exports of Commercial equipment, hot drinks/cooking/heating food grew by 16.3%, from $5.77B to $6.71B. Trade in Commercial equipment, hot drinks/cooking/heating food represent 0.028% of total world trade.

Commercial equipment, hot drinks/cooking/heating food are a part of Other Heating Machinery.

Exports In 2022 the top exporters of Commercial equipment, hot drinks/cooking/heating food  were Italy ($1.29B), Germany ($1.07B), China ($855M), United States ($804M), and Switzerland ($689M).

Imports In 2022 the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.31B), Germany ($482M), United Kingdom ($360M), France ($315M), and China ($281M).

Ranking Commercial equipment, hot drinks/cooking/heating food ranks 765th in the Product Complexity Index (PCI).

Description Commercial equipment is used to heat food and drinks in the United States. If the water is heated to a certain temperature, then it can be used for cooking. A coffee machine is also used to heat up coffee.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Commercial equipment, hot drinks/cooking/heating food. 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)Italy$1.29B
Top Destination (2022)United States$1.31B

In 2022 Commercial equipment, hot drinks/cooking/heating food were the world's 581st most traded product (out of 4,648).

In 2022, the top exporters of Commercial equipment, hot drinks/cooking/heating food were Italy ($1.29B), Germany ($1.07B), China ($855M), United States ($804M), and Switzerland ($689M).

In 2022, the top importers of Commercial equipment, hot drinks/cooking/heating food were United States ($1.31B), Germany ($482M), United Kingdom ($360M), France ($315M), and China ($281M).

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Exporters of Commercial equipment, hot drinks/cooking/heating food (2022)
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Importers of Commercial equipment, hot drinks/cooking/heating food (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$228M
Top Destination Growth (2021 -  2022)United States$280M

Between 2021 and 2022, the exports of Commercial equipment, hot drinks/cooking/heating food grew the fastest in China ($228M), United States ($196M), Germany ($115M), Canada ($70.8M), and Italy ($67.9M).

Between 2021 and 2022, the fastest growing importers of Commercial equipment, hot drinks/cooking/heating food were United States ($280M), Saudi Arabia ($53.6M), United Kingdom ($51.1M), Germany ($49.5M), and Italy ($38.5M).

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Exporters of Commercial equipment, hot drinks/cooking/heating food (2021 - 2022)

Importers of Commercial equipment, hot drinks/cooking/heating food (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Commercial equipment, hot drinks/cooking/heating food.

In 2022, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Commercial equipment, hot drinks/cooking/heating food are explained by 14 countries.

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Value of Exports in Commercial equipment, hot drinks/cooking/heating food

Net Trade

TOP NET EXPORTER (2022)Italy$1.15B
TOP NET IMPORTER (2022)United States$508M

This map shows which countries export or import more of Commercial equipment, hot drinks/cooking/heating food. Each country is colored based on the difference in exports and imports of Commercial equipment, hot drinks/cooking/heating food during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Commercial equipment, hot drinks/cooking/heating food were Italy ($1.15B), Switzerland ($598M), Germany ($584M), China ($574M), and Canada ($111M).

In 2022, the countries that had a largest trade value in imports than in exports of Commercial equipment, hot drinks/cooking/heating food were United States ($508M), Australia ($190M), United Kingdom ($154M), Saudi Arabia ($138M), and France ($135M).

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 Commercial equipment, hot drinks/cooking/heating food.
It is possible to select the main countries that export or import Commercial equipment, hot drinks/cooking/heating food in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Commercial equipment, hot drinks/cooking/heating food 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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