Microwave Ovens HS: 851650
Microwave Ovens HS: 851650, were invented around 1947 after WWII. Microwave ovens heat food using microwave radiation to excite molecules inside the food. They essentially shake the water molecules to such speed that they become heated. Because of the ease, speed, and simplicity of heating food, as of 2012 microwaves are a part of most kitchens in the United States. Microwave ovens generally have a long life span, so much world production occurs in developing countries. A country must have a stable electrical source for the microwave oven to be of any use. What does the global market of Microwaves look like?
The World’s Top Exporters and Importers of Microwave Ovens
The world’s top exporter of Microwave ovens is China. They dominated 58% of the market and produced 1.8 billion dollars from microwave oven sales to foreign countries. Thailand was the second largest seller, holding 13% of the sales market, producing 395 million dollars. See image below for pie chart and list of top countries. The United States is not in the standing for microwave sales, but is the world’s leader in buying/ importing foreign-made microwave ovens. In 2009 alone the United States of America imported 28% of the world’s internationally sold microwaves, spending 873 million dollars on these foreign-made goods. The second largest importer was Japan, who spent 292 million dollars in 2009, roughly a third of what America spent. Where does America get all its microwave ovens?
America’s Top Sources of Microwave ovens.
In 2010 alone United States spent 656 million dollars on Chinese made microwave ovens. 68% of all of its foreign-made microwaves came from China and 98% of its microwave ovens came from Asia. The second largest source was Malaysia. The U.S. spent 174 million dollars on Malaysian microwaves in 2010. Below is a pie chart representing the countries that export microwave ovens to the United States. A simple question that comes to mind is what companies are buying all these Chinese made microwaves?
United States Companies Buying Chinese made Microwave Ovens
The third on the list is Conair which is a company that we have previously looked at: click here for Conair Trade Profile. The complete 88 company dataset lists the top three chiefs for each company, commodity information, sales amount, employment, ownership, web addresses, street address, etc. Below is a clip from the spreadsheet data file with the top five companies ranked by total sales. Click here to download the entire dataset of 88 United States companies buying Chinese made microwave ovens.
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