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2022
Exports $6.63BWorld Rnk 3 / 223
Flag Rnk 48 / 1217
2022
Destination $479M Mexico
2021 - 2022
FASTEST GROWING MARKET $479MMexico
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $23.5BWorld Rnk 1 / 225
Flag Rnk 19 / 1216
2022
Origin $1.13B China
2021 - 2022
FASTEST GROWING ORIGIN $1.13BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $6.63B in Electrical Transformers, making it the 3rd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 48th most exported product in United States. The main destination of Electrical Transformers exports from United States are: Mexico ($1.9B), Canada ($1.11B), China ($398M), Germany ($320M), and Netherlands ($262M).

The fastest growing export markets for Electrical Transformers of United States between 2021 and 2022 were Mexico ($479M), Canada ($205M), and Chinese Taipei ($56.7M).

Imports In 2022, United States imported $23.5B in Electrical Transformers, becoming the 1st largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 19th most imported product in United States. United States imports Electrical Transformers primarily from: China ($5.47B), Mexico ($4.31B), Vietnam ($1.55B), Thailand ($1.38B), and Chinese Taipei ($1.25B).

The fastest growing import markets in Electrical Transformers for United States between 2021 and 2022 were Mexico ($1.13B), China ($550M), and Thailand ($471M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (287), ABB Motors and Mechanical (272), and Tesla (264) were at the forefront of shipping Electrical Transformers to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Electrical Transformers exports accounted up to $686M and imports accounted up to $2.41B, resulting in a negative trade balance of $1.73B. Between October 2023 and October 2024 the exports of United States'   Electrical Transformers have decreased by $-57.5M (-7.73%) from $744M to $686M, while imports decreased by $-62.6M (-2.53%) from $2.48B to $2.41B.

Destinations In October 2024, Electrical Transformers were exported mostly to Mexico ($208M), Canada ($130M), Netherlands ($32.8M), Germany ($23.6M), and China ($23M), and were imported mostly from Mexico ($532M), China ($323M), Thailand ($220M), Vietnam ($148M), and Japan ($143M).

Growth In October 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.83M or -27.6%), Netherlands ($-3.78M or -13.3%), and Hong Kong ($-3.68M or -29.2%). In October 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from China ($-70.8M or -17.1%), Croatia ($-9.45M or -90.9%), and Philippines ($-4.43M or -8.66%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-57.5M(-7.73%)
IMPORT GROWTH (October 2023 - October 2024)$-62.6M(-2.53%)
MAIN EXPORTER (October 2024)Texas$154M
MAIN DESTINATION (October 2024)Mexico$208M

This section shows Electrical Transformers's exports and imports data at subnational level for United States. 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)$6.63B
IMPORTS (2022)$23.5B
NET TRADE (2022)-$16.8B

In 2022, United States exported $6.63B in Electrical Transformers. The main destinations of United States exports on Electrical Transformers were Mexico ($1.9B), Canada ($1.11B), China ($398M), Germany ($320M), and Netherlands ($262M).

In 2022, United States imported $23.5B in Electrical Transformers, mainly from China ($5.47B), Mexico ($4.31B), Vietnam ($1.55B), Thailand ($1.38B), and Chinese Taipei ($1.25B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$479M (33.8%)
Canada$205M (22.6%)
Chinese Taipei$56.7M (43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY United States WERE (2021 - 2022):
Hong Kong-$28.9M (-14.2%)
Russia-$17.4M (-83%)
Netherlands-$11.3M (-4.12%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Electrical Transformers were:
China $54.1B
Germany $12.2B
In 2022, United States's main importing competitors in Electrical Transformers were:
Germany $12.4B
China $9.37B

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $191M
TOP IMPORT POTENTIALChina+ $1.37B

Electrical Transformers’s highest export potential is Canada. With an export gap of $191M.   Electrical Transformers’s highest import potential is China with an import gap of $1.37B.

See methodology.

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