Electric Motors8501 (Harmonized System 1992 for 4-digit)
2020 World Trade: $53.6B, Rnk 58 / 1217
2020 Top Exporter | Top Importer: $12.3B | $9.02B, China | United States
2020 Product Complexity: 0.74, Rnk 262 / 1028
2019 - 2020 Export Growth (CAGR): -5.75%, Rnk 552 / 1217
2018 Mean Tariff: 6.29%, Rnk 675 / 1259
2020 Share of World Trade: 0.32%, Rnk 58 / 1217
Overview This page contains the latest trade data of Electric Motors. In 2020, Electric Motors were the world's 58th most traded product, with a total trade of $53.6B. Between 2019 and 2020 the exports of Electric Motors decreased by -5.75%, from $56.9B to $53.6B. Trade in Electric Motors represent 0.32% of total world trade.
Electric Motors are a part of Electrical machinery and electronics. They include Electric motors of an output < 37.5 watts, DC motors, DC generators, of an output < 750 watts, AC motors, multi-phase, of an output 0.75-75 kW, AC motors, single-phase, nes, AC motors, multi-phase, of an output > 75 kW, AC generators, of an output > 750 kVA, AC motors, multi-phase, of an output < 750 Watts, Universal AC/DC motors of an output < 37.5 watts, DC motors, DC generators, of an output 0.75-75 kW, and AC generators, of an output < 75 kVA, among others.
Exports In 2020 the top exporters of Electric Motors were China ($12.3B), Germany ($7.29B), United States ($4.01B), Mexico ($3.37B), and Japan ($3.09B).
Imports In 2020 the top importers of Electric Motors were United States ($9.02B), Germany ($5.24B), China ($3.57B), Mexico ($2.13B), and South Korea ($1.86B).
Tariffs In 2018 the average tariff for Electric Motors was 6.29%, making it the 675th lowest tariff using the HS4 product classification.
Ranking Electric Motors ranks 262nd in the Product Complexity Index (PCI).
Description Electric motors and generators are used to power many different kinds of machines. They can be made from a variety of materials, including copper, iron, steel, aluminum, and plastic.
The following visualization shows the latest trends on Electric Motors. 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.
Trade By Country
Top Origin (2020): China, $12.3B
Top Destination (2020): United States, $9.02B
Electric Motors are the world's 58th most traded product.
In 2020, the top exporters of Electric Motors were China ($12.3B), Germany ($7.29B), United States ($4.01B), Mexico ($3.37B), and Japan ($3.09B).
In 2020, the top importers of Electric Motors were United States ($9.02B), Germany ($5.24B), China ($3.57B), Mexico ($2.13B), and South Korea ($1.86B).
Trade by country
Between 2019 and 2020, the exports of Electric Motors grew the fastest in Hungary ($269M), Philippines ($258M), Vietnam ($104M), Russia ($91.8M), and Turkey ($30.9M).
Between 2019 and 2020, the fastest growing importers of Electric Motors were China ($440M), South Korea ($302M), Vietnam ($193M), Slovakia ($156M), and Bangladesh ($120M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electric Motors.
In 2020, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Electric Motors are explained by 20 countries.
TOP NET EXPORTER (2020): China, $8.71B
TOP NET IMPORTER (2020): United States, $5.01B
This map shows which countries export or import more of Electric Motors. Each country is colored based on the difference in exports and imports of Electric Motors during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Electric Motors were China ($8.71B), Germany ($2.05B), Japan ($1.47B), Mexico ($1.24B), and Hungary ($998M).
In 2020, the countries that had a largest trade value in imports than in exports of Electric Motors were United States ($5.01B), Canada ($1.02B), Hong Kong ($761M), Malaysia ($680M), and Netherlands ($654M).
In 2020, the world most traded Electric Motors, disaggragated by their HS6 level were Electric motors of an output <... ($12.5B), DC motors, DC generators, of an... ($11.1B), AC motors, multi-phase, of an output... ($7.32B), AC motors, single-phase, nes ($5.49B), and AC motors, multi-phase, of an output... ($4.86B)
This visualization shows the countries that have an important ratio of their trade related to Electric Motors. It is possible to select the main countries that export or import Electric Motors in the world, or by continent, as well as select the measure of interest.
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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