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HS Icon Electric Motor Parts

Electric motors and generators; parts suitable for use solely or principally with the machines of heading no. 8501 or 8502

8503 (Harmonized System 1992 for 4-digit)

2021
World Trade: $23B, Rnk 193 / 1217

2021
Top Exporter | Top Importer: $7.31B | $3.16B, China | Germany

2021
Product Complexity: 0.65, Rnk 303 / 1024

2020 - 2021
Export Growth (CAGR): 26.9%, Rnk 397 / 1217

2018
Mean Tariff: 4.98%, Rnk 838 / 1259

2021
Share of World Trade: 0.11%, Rnk 193 / 1217

About

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Overview This page contains the latest trade data of Electric Motor Parts. In 2021, Electric Motor Parts were the world's 193rd most traded product, with a total trade of $23B. Between 2020 and 2021 the exports of Electric Motor Parts grew by 26.9%, from $18.1B to $23B. Trade in Electric Motor Parts represent 0.11% of total world trade.

Electric Motor Parts are a part of Electrical machinery and electronics. They include Parts for electric motors and generators.

Exports In 2021 the top exporters of Electric Motor Parts  were China ($7.31B), Germany ($2.18B), Japan ($1.66B), Italy ($1.07B), and United States ($1.04B).

Imports In 2021 the top importers of Electric Motor Parts were Germany ($3.16B), United States ($3.07B), Vietnam ($1.8B), China ($1.19B), and Mexico ($1.04B).

Tariffs In 2018 the average tariff for Electric Motor Parts was 4.98%, making it the 838th lowest tariff using the HS4 product classification.

Ranking Electric Motor Parts ranks 303rd in the Product Complexity Index (PCI).

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Latest Data

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View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electric Motor Parts. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $7.31B

Top Destination (2021): Germany, $3.16B

Electric Motor Parts are the world's 193rd most traded product.

In 2021, the top exporters of Electric Motor Parts were China ($7.31B), Germany ($2.18B), Japan ($1.66B), Italy ($1.07B), and United States ($1.04B).

In 2021, the top importers of Electric Motor Parts were Germany ($3.16B), United States ($3.07B), Vietnam ($1.8B), China ($1.19B), and Mexico ($1.04B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $2.92B

Top Destination Growth (2020 -  2021): Vietnam, $1.45B

Between 2020 and 2021, the exports of Electric Motor Parts grew the fastest in China ($2.92B), Japan ($419M), Italy ($278M), Germany ($273M), and South Korea ($115M).

Between 2020 and 2021, the fastest growing importers of Electric Motor Parts were Vietnam ($1.45B), Germany ($724M), Italy ($275M), Mexico ($251M), and Pakistan ($205M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Electric Motor Parts.

In 2021, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Electric Motor Parts are explained by 18 countries.

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Net Trade

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TOP NET EXPORTER (2021): China, $6.12B

TOP NET IMPORTER (2021): United States, $2.02B

This map shows which countries export or import more of Electric Motor Parts. Each country is colored based on the difference in exports and imports of Electric Motor Parts during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Electric Motor Parts were China ($6.12B), Japan ($1.04B), Slovenia ($302M), Italy ($257M), and Spain ($234M).

In 2021, the countries that had a largest trade value in imports than in exports of Electric Motor Parts were United States ($2.02B), Vietnam ($1.67B), Germany ($978M), Mexico ($511M), and France ($446M).

Disaggregation

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Value

In 2021, the world most traded Electric Motor Parts, disaggragated by their HS6 level were Parts for electric motors and generators ($23B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric Motor Parts.
It is possible to select the main countries that export or import Electric Motor Parts in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

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This visualization shows products that are likely to be exported by countries that export Electric Motor Parts.

Country by Relatedness

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The following visualization shows the relatedness of Electric Motor Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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