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2022
Exports $54.1BWorld Rnk 1 / 223
Flag Rnk 7 / 1216
2022
Destination $1.48B Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.48BNetherlands
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $9.37BWorld Rnk 3 / 225
Flag Rnk 34 / 1212
2022
Origin $48.7M China
2021 - 2022
FASTEST GROWING ORIGIN $48.7MIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $54.1B in Electrical Transformers, making it the 1st largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 7th most exported product in China. The main destination of Electrical Transformers exports from China are: Hong Kong ($5.79B), United States ($5.47B), Germany ($3.38B), Netherlands ($3.24B), and China ($3.2B).

The fastest growing export markets for Electrical Transformers of China between 2021 and 2022 were Netherlands ($1.48B), Germany ($1.16B), and United States ($550M).

Imports In 2022, China imported $9.37B in Electrical Transformers, becoming the 3rd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 34th most imported product in China. China imports Electrical Transformers primarily from: China ($3.2B), Germany ($1.4B), Japan ($1.15B), Chinese Taipei ($507M), and United States ($398M).

The fastest growing import markets in Electrical Transformers for China between 2021 and 2022 were India ($48.7M), Italy ($48M), and South Korea ($38.8M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (58), Acuity Brands (50), and Signify Lighting (47) were at the forefront of shipping Electrical Transformers from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Electrical Transformers exports accounted up to $3.92B and imports accounted up to $815M, resulting in a positive trade balance of $3.11B. Between October 2023 and October 2024 the exports of China's   Electrical Transformers have increased by $670M (20.6%) from $3.25B to $3.92B, while imports decreased by $-148M (-15.3%) from $963M to $815M.

Destinations In October 2024, Electrical Transformers were exported mostly to United States ($400M), Hong Kong ($317M), Netherlands ($215M), Germany ($177M), and India ($168M), and were imported mostly from China ($177M), Japan ($150M), Germany ($90.9M), Hungary ($51.5M), and Malaysia ($43.2M).

Growth In October 2024, the increase in Electrical Transformers's year-by-year exports was explained primarily by an increase in exports to Netherlands ($300M or 165%), Germany ($97.3M or 57.9%), and South Africa ($52.8M or 254%). In October 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from China ($-182M or -51.3%), Japan ($-54.3M or -27.4%), and Chinese Taipei ($-18.4M or -34.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$670M(20.6%)
IMPORT GROWTH (October 2023 - October 2024)$-148M(-15.3%)
MAIN EXPORTER (October 2024)Guangdong Province$1.73B
MAIN DESTINATION (October 2024)United States$400M

This section shows Electrical Transformers's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Electrical Transformers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$54.1B
IMPORTS (2022)$9.37B
NET TRADE (2022)$44.7B

In 2022, China exported $54.1B in Electrical Transformers. The main destinations of China exports on Electrical Transformers were Hong Kong ($5.79B), United States ($5.47B), Germany ($3.38B), Netherlands ($3.24B), and China ($3.2B).

In 2022, China imported $9.37B in Electrical Transformers, mainly from China ($3.2B), Germany ($1.4B), Japan ($1.15B), Chinese Taipei ($507M), and United States ($398M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR China WERE (2021 - 2022):
Netherlands$1.48B (84%)
Germany$1.16B (51.8%)
United States$550M (11.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY China WERE (2021 - 2022):
Hong Kong-$1.12B (-16.2%)
China-$926M (-22.4%)
Venezuela-$76.6M (-81.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electrical Transformers were:
Germany $12.2B
United States $6.63B
In 2022, China's main importing competitors in Electrical Transformers were:
United States $23.5B
Germany $12.4B

Explore Visualizations

Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.37B
TOP IMPORT POTENTIALVietnam+ $318M

Electrical Transformers’s highest export potential is United States. With an export gap of $1.37B.   Electrical Transformers’s highest import potential is Vietnam with an import gap of $318M.

See methodology.

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