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Waste and scrap of primary cells, primary batteries and electric accumulators; spent primary cells, spent primary batteries and spent electric accumulators; electrical parts of machinery or apparatus, n.e.c. or included elsewhere in chapter 85

8548 (Harmonized System 1992 for 4-digit)

2022
World Trade $6.44BRnk 495 / 1218
2022
Top Exporter | Top Importer $3.15B | $1.2BChina | Hong Kong
2022
Product Complexity 0.31Rnk 458 / 1033
2021 - 2022
Export Growth (CAGR) 5.71%Rnk 584 / 1218
2022
Share of World Trade 0.027%Rnk 495 / 1218

About

Overview This page contains the latest trade data of Electrical Parts. In 2022, Electrical Parts were the world's 495th most traded product, with a total trade of $6.44B. Between 2021 and 2022 the exports of Electrical Parts grew by 5.71%, from $6.09B to $6.44B. Trade in Electrical Parts represent 0.027% of total world trade.

Electrical Parts are a part of Electrical machinery and electronics. They include Unspecified electrical machinery parts.

Exports In 2022 the top exporters of Electrical Parts  were China ($3.15B), Japan ($785M), United States ($341M), Chinese Taipei ($288M), and Germany ($237M).

Imports In 2022 the top importers of Electrical Parts were Hong Kong ($1.2B), Vietnam ($1.19B), China ($858M), United States ($421M), and Mexico ($334M).

Ranking Electrical Parts ranks 458th in the Product Complexity Index (PCI).

Description Spent primary cells are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc. Spent primary batteries are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc. Spent electric accumulators are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electrical 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.

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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 (2022)China$3.15B
Top Destination (2022)Hong Kong$1.2B

In 2022 Electrical Parts were the world's 495th most traded product (out of 1,218).

In 2022, the top exporters of Electrical Parts were China ($3.15B), Japan ($785M), United States ($341M), Chinese Taipei ($288M), and Germany ($237M).

In 2022, the top importers of Electrical Parts were Hong Kong ($1.2B), Vietnam ($1.19B), China ($858M), United States ($421M), and Mexico ($334M).

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Exporters of Electrical Parts (2022)
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Importers of Electrical Parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$932M
Top Destination Growth (2021 -  2022)Vietnam$874M

Between 2021 and 2022, the exports of Electrical Parts grew the fastest in China ($932M), United States ($156M), Malaysia ($40.4M), Mexico ($33.2M), and Hungary ($32.7M).

Between 2021 and 2022, the fastest growing importers of Electrical Parts were Vietnam ($874M), Hong Kong ($380M), Mexico ($171M), India ($60.3M), and Singapore ($30.1M).

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Exporters of Electrical Parts (2021 - 2022)

Importers of Electrical Parts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical Parts.

In 2022, market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Electrical Parts are explained by 9 countries.

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Value of Exports in Electrical Parts

Net Trade

TOP NET EXPORTER (2022)China$2.29B
TOP NET IMPORTER (2022)Vietnam$1.12B

This map shows which countries export or import more of Electrical Parts. Each country is colored based on the difference in exports and imports of Electrical Parts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical Parts were China ($2.29B), Japan ($643M), Chinese Taipei ($84.7M), Thailand ($61.6M), and South Korea ($41.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical Parts were Vietnam ($1.12B), Hong Kong ($1.11B), Mexico ($153M), India ($116M), and Germany ($84.7M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Electrical Parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMexico+ $3.39M
TOP IMPORT POTENTIALUnited States+ $2.01M

Electrical Parts’s highest export potential is Mexico. With an export gap of $3.39M.  Electrical Parts’s highest import potential is United States with an import gap of $2.01M.

See methodology.

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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 (2022)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2022)

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