Summary
- World trade
- $61.3billion
- Tonnes
- 8.6million tonnes
- Price per tonne
- $7,150
Top exporters
World supply
China went from 1.1% to 31.5% of world exports of refrigerators and freezers
In 2024, China accounted for 31.5% of recorded world exports and the three largest exporters together for 49.6%. HHI: 1,298 out of 10,000; equivalent to 8 exporters of the same size.
Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little
Trend in supply
Share of world exports of the largest exporter and of the three largest
Share (%)
- Largest exporter each year 31.5%
- Three largest 49.6%
Source: CEPII BACI
Show the numbers
| Year | 1995 | 2024 |
|---|---|---|
| Largest exporter each year | 18.4% | 31.5% |
| Three largest | 43.7% | 49.6% |
Countries where China sells more than half of what they buy
Countries that buy more than half of this product from its largest exporter, with its share.
- Japan: 62.2% of its purchases · Dependence of Japan on China
- Australia: 58.8% of its purchases · Dependence of Australia on China
- South Korea: 74.3% of its purchases · Dependence of South Korea on China
- Russia: 65% of its purchases · Dependence of Russia on China
- Indonesia: 78.8% of its purchases · Dependence of Indonesia on China
- Brazil: 63.6% of its purchases · Dependence of Brazil on China
- Thailand: 75.4% of its purchases · Dependence of Thailand on China
- Vietnam: 60.2% of its purchases · Dependence of Vietnam on China
- India: 56.9% of its purchases · Dependence of India on China
- Malaysia: 68.5% of its purchases · Dependence of Malaysia on China
Top importers
Trend
Who sells it
China has been the top exporter since 2006
Value in USD billions. The five largest exporters in 2024.
- China 19.3
- Mexico 6.8
- Italy 4.2
- South Korea 3
- Germany 2.8
Source: CEPII BACI
Show the numbers
| Country | 1995 | 2024 |
|---|---|---|
| China | 0.14 | 19.3 |
| Mexico | 0.32 | 6.8 |
| Italy | 2.5 | 4.2 |
| South Korea | 0.46 | 3 |
| Germany | 1.2 | 2.8 |
Price
Implied price
The price per tonne rose 9% since 1995
Current US dollars per tonne: value over the weight reported by BACI.
- 2024: $7,150
Source: CEPII BACI
Show the numbers
| Year | USD per tonne |
|---|---|
| 1995 | $6,541 |
| 1996 | $6,471 |
| 1997 | $5,959 |
| 1998 | $5,636 |
| 1999 | $5,291 |
| 2000 | $5,335 |
| 2001 | $5,154 |
| 2002 | $4,932 |
| 2003 | $5,720 |
| 2004 | $5,781 |
| 2005 | $5,994 |
| 2006 | $6,137 |
| 2007 | $6,446 |
| 2008 | $6,904 |
| 2009 | $6,565 |
| 2010 | $6,341 |
| 2011 | $6,498 |
| 2012 | $6,684 |
| 2013 | $6,796 |
| 2014 | $7,005 |
| 2015 | $6,395 |
| 2016 | $6,167 |
| 2017 | $6,109 |
| 2018 | $6,711 |
| 2019 | $6,408 |
| 2020 | $6,193 |
| 2021 | $6,676 |
| 2022 | $7,327 |
| 2023 | $7,536 |
| 2024 | $7,150 |
What it includes
Includes heat pumps and industrial refrigeration equipment.
- 8418 · Refrigerators, freezers and heat pumps
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.
Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.