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2023
Exports $51.9BWorld Rnk 1 / 223
Flag Rnk 8 / 1215
2023
Destination $762M Germany
2022 - 2023
FASTEST GROWING MARKET $762MGermany
2023
PRODUCT COMPLEXITY IN Electrical Transformers0.68Rnk 293 / 1025
2023
Imports $7.17BWorld Rnk 3 / 225
Flag Rnk 45 / 1214
2023
Origin $267M Germany
2022 - 2023
FASTEST GROWING ORIGIN $267MHungary
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $51.9B in Electrical Transformers, making it the 1st largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 8th most exported product in China. The main destination of Electrical Transformers exports from China are: Germany ($4.96B), Hong Kong ($4.19B), United States ($4.09B), Japan ($2.57B), and Netherlands ($2.33B).

The fastest growing export markets for Electrical Transformers of China between 2022 and 2023 were Germany ($762M), Russia ($598M), and South Africa ($398M).

Imports In 2023, China imported $7.17B in Electrical Transformers, becoming the 3rd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 45th most imported product in China. China imports Electrical Transformers primarily from: Germany ($1.51B), Japan ($1.11B), Chinese Taipei ($465M), Vietnam ($446M), and Philippines ($433M).

The fastest growing import markets in Electrical Transformers for China between 2022 and 2023 were Hungary ($267M), Germany ($149M), and Vietnam ($129M).

COMPANIES In 2024, leading companies such as CrimsonLogic (73), Robert Bosch (56), and Signify Lighting (47) were at the forefront of shipping Electrical Transformers from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Electrical Transformers exports accounted up to $4.48B and imports accounted up to $865M, resulting in a positive trade balance of $3.62B. Between December 2023 and December 2024 the exports of China's   Electrical Transformers have increased by $435M (10.7%) from $4.05B to $4.48B, while imports decreased by $-101M (-10.5%) from $966M to $865M.

Destinations In December 2024, Electrical Transformers were exported mostly to United States ($490M), Hong Kong ($453M), Vietnam ($198M), India ($192M), and South Korea ($186M), and were imported mostly from China ($240M), Japan ($150M), Germany ($88.2M), Hungary ($46.9M), and Chinese Taipei ($40.3M).

Growth In December 2024, the increase in Electrical Transformers's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($102M or 38%), Vietnam ($73.7M or 78.8%), and Thailand ($56.2M or 57.3%). In December 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from Japan ($-17.1M or -11.9%), India ($-15.8M or -52.2%), and Thailand ($-9.72M or -26.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$435M(10.7%)
IMPORT GROWTH (December 2023 - December 2024)$-101M(-10.5%)
MAIN EXPORTER (December 2024)Guangdong Province$1.8B
MAIN DESTINATION (December 2024)United States$490M

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 (2023)$51.9B
IMPORTS (2023)$7.17B
NET TRADE (2023)$44.8B

In 2023, China exported $51.9B in Electrical Transformers. The main destinations of China exports on Electrical Transformers were Germany ($4.96B), Hong Kong ($4.19B), United States ($4.09B), Japan ($2.57B), and Netherlands ($2.33B).

In 2023, China imported $7.17B in Electrical Transformers, mainly from Germany ($1.51B), Japan ($1.11B), Chinese Taipei ($465M), Vietnam ($446M), and Philippines ($433M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR China WERE (2022 - 2023):
Germany$762M (18.1%)
Russia$598M (94.4%)
South Africa$398M (82.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY China WERE (2022 - 2023):
United States-$922M (-18.4%)
Hong Kong-$902M (-17.7%)
Poland-$545M (-46.3%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Electrical Transformers were:
Germany $12.8B
Mexico $6.34B
In 2023, China's main importing competitors in Electrical Transformers were:
United States $27.3B
Germany $15.1B

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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