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Water heaters and industrial dryers: top exporters and importers (2024)

In 2024, world trade in water heaters and industrial dryers totaled $52.5 billion (3 million tonnes). The top exporters were China (19%), Germany (11%) and the United States (9%); the top importers were the United States (17%), China (6%) and Germany (6%). Compared with 2019, the value rose 24%.

Summary

World trade
$52.5billion
Tonnes
3million tonnes
Price per tonne
$17,274
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$10.2 billion · 19.4%
  2. Germany$5.7 billion · 10.8%
  3. United States$4.8 billion · 9.1%
  4. Italy$4.4 billion · 8.3%
  5. South Korea$2.7 billion · 5.2%
  6. France$1.8 billion · 3.4%
  7. Mexico$1.7 billion · 3.3%
  8. Japan$1.7 billion · 3.2%
  9. Switzerland$1.6 billion · 3.1%
  10. United Kingdom$1.2 billion · 2.4%
  11. Netherlands$1.2 billion · 2.4%
    re-exports
  12. Sweden$1.2 billion · 2.3%
  13. Canada$1.2 billion · 2.2%
  14. India$1.2 billion · 2.2%
  15. Spain$906 million · 1.7%
  16. Poland$830 million · 1.6%
  17. Indonesia$776 million · 1.5%
  18. Austria$637 million · 1.2%
  19. Denmark$624 million · 1.2%
  20. Czechia$580 million · 1.1%

Top importers

  1. United States$9 billion · 17%
  2. China$3.3 billion · 6.3%
  3. Germany$3.3 billion · 6.3%
  4. Mexico$1.9 billion · 3.5%
  5. Canada$1.8 billion · 3.5%
  6. United Kingdom$1.6 billion · 3.1%
  7. Australia$1.4 billion · 2.8%
  8. France$1.4 billion · 2.7%
  9. Indonesia$1.4 billion · 2.6%
  10. South Korea$1.4 billion · 2.6%
  11. Japan$1.2 billion · 2.3%
  12. Netherlands$1.2 billion · 2.2%
    re-exports
  13. Italy$1.1 billion · 2.2%
  14. India$1.1 billion · 2.1%
  15. Russia$999 million · 1.9%
  16. Saudi Arabia$881 million · 1.7%
  17. Malaysia$811 million · 1.5%
  18. Singapore$796 million · 1.5%
    re-exports
  19. United Arab Emirates$770 million · 1.5%
  20. Poland$763 million · 1.5%

Trend

Who sells it

China has been the top exporter since 2020

Value in USD billions. The five largest exporters in 2024.

  • China 10.2
  • Germany 5.7
  • United States 4.8
  • Italy 4.4
  • South Korea 2.7

Source: CEPII BACI

Show the numbers
Country19952024
China0.0610.2
Germany2.25.7
United States2.34.8
Italy1.54.4
South Korea0.452.7

Price

Implied price

The price per tonne rose 73% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $17,274

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$9,966
1996$9,814
1997$10,221
1998$10,171
1999$8,592
2000$12,324
2001$11,490
2002$11,156
2003$13,021
2004$12,381
2005$13,728
2006$13,394
2007$14,171
2008$16,734
2009$17,427
2010$16,800
2011$16,644
2012$16,071
2013$17,441
2014$17,673
2015$15,282
2016$14,232
2017$14,869
2018$15,602
2019$14,477
2020$15,942
2021$14,665
2022$15,861
2023$17,240
2024$17,274

What it includes

  • 8419 · Water heaters and industrial dryers

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.

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