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Refrigerators and freezers: top exporters and importers (2024)

In 2024, world trade in refrigerators and freezers totaled $61.3 billion (8.6 million tonnes). The top exporters were China (32%), Mexico (11%) and Italy (7%); the top importers were the United States (23%), Germany (7%) and France (4%). Compared with 2019, the value rose 28%.

Summary

World trade
$61.3billion
Tonnes
8.6million tonnes
Price per tonne
$7,150
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$19.3 billion · 31.5%
    see destinations
  2. Mexico$6.8 billion · 11.2%
    see destinations
  3. Italy$4.2 billion · 6.9%
    see destinations
  4. South Korea$3 billion · 5%
    see destinations
  5. Germany$2.8 billion · 4.6%
    see destinations
  6. Turkey$2.8 billion · 4.5%
    see destinations
  7. United States$2.5 billion · 4.1%
    see destinations
  8. Thailand$2.3 billion · 3.8%
    see destinations
  9. Poland$1.8 billion · 3%
    see destinations
  10. France$1.7 billion · 2.7%
    see destinations
  11. Czechia$975 million · 1.6%
  12. Japan$755 million · 1.2%
  13. Austria$751 million · 1.2%
  14. Spain$743 million · 1.2%
  15. Sweden$682 million · 1.1%
  16. Netherlands$661 million · 1.1%
    re-exports
  17. Canada$573 million · 0.93%
  18. Vietnam$544 million · 0.89%
  19. Ireland$531 million · 0.87%
  20. Singapore$510 million · 0.83%
    re-exports

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
Year19952024
Largest exporter each year18.4%31.5%
Three largest43.7%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.

Top importers

  1. United States$13.9 billion · 22.6%
    see sources
  2. Germany$4.1 billion · 6.6%
    see sources
  3. France$2.5 billion · 4.1%
    see sources
  4. United Kingdom$2.2 billion · 3.6%
    see sources
  5. Canada$1.8 billion · 2.9%
    see sources
  6. Mexico$1.7 billion · 2.7%
    see sources
  7. Japan$1.5 billion · 2.4%
    see sources
  8. Italy$1.5 billion · 2.4%
    see sources
  9. Netherlands$1.4 billion · 2.4%
    re-exports · see sources
  10. Australia$1.4 billion · 2.3%
  11. Spain$1.3 billion · 2.1%
  12. Poland$1.1 billion · 1.8%
  13. China$990 million · 1.6%
  14. Saudi Arabia$875 million · 1.4%
  15. South Korea$855 million · 1.4%
  16. Switzerland$839 million · 1.4%
  17. Austria$830 million · 1.4%
  18. Russia$814 million · 1.3%
  19. United Arab Emirates$773 million · 1.3%
  20. Belgium$769 million · 1.3%
    re-exports

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
Country19952024
China0.1419.3
Mexico0.326.8
Italy2.54.2
South Korea0.463
Germany1.22.8

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
YearUSD 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

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.

See all products