In 2022, global sales of exported air conditioners reached a total of US$59.9 billion. This marks a significant increase of 22.4% from 2018, when the value of exported air conditioners was $49 billion. Between 2021 and 2022, the value of these exports grew by 6.9%, rising from $56.1 billion.

The top 5 exporters of air conditioners in 2022 were China, Thailand, Mexico, the United States, and Italy. These countries collectively accounted for 66.4% of the global export value of air conditioners, highlighting a concentration of supply among a few key players.

Asia was the leading continent for air conditioner exports in 2022, with shipments valued at $35.5 billion, making up 59.1% of the global total. Europe followed with 23.5%, and North America contributed 16.6%. Latin America (excluding Mexico but including the Caribbean) accounted for 0.4%, Africa for 0.3%, and Oceania (mainly Australia and New Zealand) for 0.1%.

For research purposes, air conditioners are classified under the 4-digit Harmonized Tariff System code 8415.

Top Air Conditioners Exporting Countries in 2022

The following countries exported the highest dollar value of air conditioners in 2022:

1. China: US$21.7 billion (36.2% of global exports)

2. Thailand: $7 billion (11.6%)

3. Mexico: $6.1 billion (10.2%)

4. United States: $3 billion (5%)

5. Italy: $2 billion (3.4%)

6. Germany: $1.91 billion (3.2%)

7. Czech Republic: $1.86 billion (3.1%)

8. Malaysia: $1.61 billion (2.7%)

9. South Korea: $1.42 billion (2.4%)

10. Belgium: $1.23 billion (2%)

11. Japan: $1.18 billion (2%)

12. Netherlands: $1.17 billion (2%)

13. Spain: $923 million (1.5%)

14. Canada: $865.5 million (1.4%)

15. Turkey: $859 million (1.4%)

These 15 countries collectively accounted for 88.1% of global air conditioner exports in 2022. Among them, Turkey (up 26.9%), Mexico (up 26%), Malaysia (up 21.4%), and the United States (up 16.2%) showed the fastest growth since 2021. Conversely, the Netherlands (down 15%) and Germany (down 5.1%) experienced declines.

Trade Surpluses in Air Conditioners

The following countries had the highest positive net exports (exports minus imports) for air conditioners in 2022:

1. China: US$21.1 billion (up 9.3% from 2021)

2. Thailand: $6.4 billion (up 11%)

3. Mexico: $4.4 billion (up 27.4%)

4. Czech Republic: $1.3 billion (up 0.5%)

5. Malaysia: $1.1 billion (up 18.1%)

6. South Korea: $514.1 million (down 7.9%)

7. Slovakia: $356.4 million (up 15.3%)

8. Turkey: $163.6 million (up 123.6%)

9. Belgium: $157.3 million (down 89.2%)

10. Denmark: $43.6 million (up 112.2%)

11. Lithuania: $15.4 million (down 32.3%)

China had the largest trade surplus in air conditioners, underscoring its strong competitive advantage in this market.

Trade Deficits in Air Conditioners

The following countries posted the highest negative net exports (imports minus exports) for air conditioners in 2022:

1. United States: -US$11 billion (up 21.9% from 2021)

2. France: -$1.72 billion (down 3.5%)

3. Japan: -$1.6 billion (down 11.3%)

4. Canada: -$1.53 billion (up 26.6%)

5. United Arab Emirates: -$1.25 billion (up 281.8%)

6. Australia: -$1.23 billion (up 4.8%)

7. Saudi Arabia: -$1.21 billion (up 8%)

8. Vietnam: -$983.6 million (up 12.7%)

9. Russia: -$893.2 million (down 7.6%)

10. Iraq: -$789.5 million (up 12%)

11. United Kingdom: -$663.7 million (up 34.9%)

12. Taiwan: -$624.5 million (up 15.8%)

13. Indonesia: -$622 million (up 3.9%)

14. Brazil: -$586.9 million (down 7.3%)

15. India: -$584.3 million (down 2.7%)

The United States had the largest trade deficit in air conditioners, indicating a significant competitive disadvantage but also a robust market demand for suppliers.

Top Air Conditioner Companies

Here are the top 10 companies specializing in air conditioners:

1. CÔNG TY TNHH ĐIỆN TỬ GAOQI VIỆT NAM (13.25%, $439.18 million)

2. CÔNG TY TNHH ARMSTRONG WESTON VIỆT NAM (12.31%, $408.25 million)

3. CÔNG TY TNHH MEIJITSU VIỆT NAM (11.69%, $387.47 million)

4. CÔNG TY TNHH KANSAI FELT VIỆT NAM (5.8%, $192.38 million)

5. CÔNG TY TNHH ĐIỆN MÁY ĐẠI DƯƠNG HẢI PHÒNG (5.26%, $174.34 million)

6. CÔNG TY TNHH CÔNG TRÌNH CƠ ĐIỆN HỢP THIÊN (4.9%, $162.49 million)

7. CÔNG TY TNHH ABEISM VIỆT NAM (4.75%, $157.47 million)

8. ОАО "ТВЗ" (3.81%, $126.26 million)

9. CÔNG TY TNHH CHUBUTSU VIỆT NAM (3.56%, $117.9 million)

10. CÔNG TY TNHH ĐIỆN TỬ TDI VIỆT NAM (2.89%, $95.73 million)

These companies represent significant players in the air conditioner market, contributing substantially to global trade.

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