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Electrical machines and apparatus, nes

854380 (Harmonized System 1992 for 6-digit)

2023
World Trade $51.9BRnk 59 / 4644
2023
Top Exporter | Top Importer $17.1B | $15.8BChina | United States
2023
Product Complexity 1.09Rnk 644 / 4656
2022 - 2023
Export Growth (CAGR) -8.18%Rnk 2489 / 4644
2023
Share of World Trade 0.23%Rnk 59 / 4644

About

Overview This page contains the latest trade data of Electrical machines and apparatus, nes. In 2023, Electrical machines and apparatus, nes were the world's 59th most traded product, with a total trade of $51.9B. Between 2022 and 2023 the exports of Electrical machines and apparatus, nes decreased by -8.18%, from $56.6B to $51.9B. Trade in Electrical machines and apparatus, nes represent 0.23% of total world trade.

Electrical machines and apparatus, nes are a part of Other Electrical Machinery.

Exports In 2023 the top exporters of Electrical machines and apparatus, nes  were China ($17.1B), Mexico ($4.34B), United States ($3.89B), Germany ($3.8B), and Malaysia ($3.01B).

Imports In 2023 the top importers of Electrical machines and apparatus, nes were United States ($15.8B), Germany ($3.53B), China ($2.68B), Japan ($2.1B), and Mexico ($1.71B).

Ranking Electrical machines and apparatus, nes ranks 644th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical machines and apparatus, nes. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$17.1B
Top Destination (2023)United States$15.8B

In 2023 Electrical machines and apparatus, nes were the world's 59th most traded product (out of 4,644).

In 2023, the top exporters of Electrical machines and apparatus, nes were China ($17.1B), Mexico ($4.34B), United States ($3.89B), Germany ($3.8B), and Malaysia ($3.01B).

In 2023, the top importers of Electrical machines and apparatus, nes were United States ($15.8B), Germany ($3.53B), China ($2.68B), Japan ($2.1B), and Mexico ($1.71B).

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Exporters of Electrical machines and apparatus, nes (2023)
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Importers of Electrical machines and apparatus, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$987M
Top Destination Growth (2022 -  2023)Mexico$380M

Between 2022 and 2023, the exports of Electrical machines and apparatus, nes grew the fastest in Mexico ($987M), United States ($285M), Sweden ($194M), Poland ($177M), and Germany ($150M).

Between 2022 and 2023, the fastest growing importers of Electrical machines and apparatus, nes were Mexico ($380M), Malaysia ($371M), Turkey ($109M), Indonesia ($101M), and Poland ($97.8M).

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Exporters of Electrical machines and apparatus, nes (2022 - 2023)

Importers of Electrical machines and apparatus, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical machines and apparatus, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Electrical machines and apparatus, nes are explained by 15 countries.

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Value of Exports in Electrical machines and apparatus, nes

Net Trade

TOP NET EXPORTER (2023)China$14.4B
TOP NET IMPORTER (2023)United States$11.9B

This map shows which countries export or import more of Electrical machines and apparatus, nes. Each country is colored based on the difference in exports and imports of Electrical machines and apparatus, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical machines and apparatus, nes were China ($14.4B), Mexico ($2.63B), Malaysia ($2.36B), Indonesia ($1.99B), and Chinese Taipei ($743M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical machines and apparatus, nes were United States ($11.9B), Hong Kong ($1.01B), Netherlands ($1B), Singapore ($987M), and Russia ($606M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Electrical machines and apparatus, nes by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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