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Electrical apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 and 8537

8538 (Harmonized System 1992 for 4-digit)

2023
World Trade $42.3BRnk 104 / 1217
2023
Top Exporter | Top Importer $7.23B | $4.57BGermany | Mexico
2023
Product Complexity 0.81Rnk 247 / 1044
2022 - 2023
Export Growth (CAGR) 2.45%Rnk 322 / 1217
2023
Share of World Trade 0.19%Rnk 104 / 1217

About

Overview This page contains the latest trade data of Electrical Power Accessories. In 2023, Electrical Power Accessories were the world's 104th most traded product, with a total trade of $42.3B. Between 2022 and 2023 the exports of Electrical Power Accessories grew by 2.45%, from $41.3B to $42.3B. Trade in Electrical Power Accessories represent 0.19% of total world trade.

Electrical Power Accessories are a part of Electrical machinery and electronics. They include Parts, electric switches, protectors & connectors nes and Elictrical boards, panels, etc, not equipped.

Exports In 2023 the top exporters of Electrical Power Accessories  were Germany ($7.23B), China ($6.67B), United States ($4.44B), Japan ($2.44B), and Mexico ($1.93B).

Imports In 2023 the top importers of Electrical Power Accessories were Mexico ($4.57B), United States ($4.46B), Germany ($3.3B), China ($3.29B), and Italy ($2.01B).

Ranking Electrical Power Accessories ranks 247th in the Product Complexity Index (PCI).

Description Parts suitable for use solely or principally with the apparatus of heading 8535, 8536 or 8537 are used in the production of other goods. They can be made from a variety of materials, including metal and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electrical Power Accessories. 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)Germany$7.23B
Top Destination (2023)Mexico$4.57B

In 2023 Electrical Power Accessories were the world's 104th most traded product (out of 1,217).

In 2023, the top exporters of Electrical Power Accessories were Germany ($7.23B), China ($6.67B), United States ($4.44B), Japan ($2.44B), and Mexico ($1.93B).

In 2023, the top importers of Electrical Power Accessories were Mexico ($4.57B), United States ($4.46B), Germany ($3.3B), China ($3.29B), and Italy ($2.01B).

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Exporters of Electrical Power Accessories (2023)
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Importers of Electrical Power Accessories (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$624M
Top Destination Growth (2022 -  2023)Germany$383M

Between 2022 and 2023, the exports of Electrical Power Accessories grew the fastest in Germany ($624M), Mexico ($188M), Poland ($177M), Singapore ($173M), and Italy ($131M).

Between 2022 and 2023, the fastest growing importers of Electrical Power Accessories were Germany ($383M), Italy ($212M), United States ($208M), France ($177M), and Saudi Arabia ($154M).

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Exporters of Electrical Power Accessories (2022 - 2023)

Importers of Electrical Power Accessories (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical Power Accessories.

In 2023, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Electrical Power Accessories are explained by 22 countries.

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Value of Exports in Electrical Power Accessories

Net Trade

TOP NET EXPORTER (2023)Germany$3.93B
TOP NET IMPORTER (2023)Mexico$2.64B

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

In 2023, the countries that had a largest trade value in exports than in imports of Electrical Power Accessories were Germany ($3.93B), China ($3.38B), Japan ($1.53B), Austria ($333M), and Malaysia ($324M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical Power Accessories were Mexico ($2.64B), Hong Kong ($689M), Italy ($527M), Saudi Arabia ($399M), and Netherlands ($362M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electrical Power Accessories, disaggragated by their HS6 level were Parts, electric switches, protectors & connectors... ($37.5B) and Elictrical boards, panels, etc, not equipped ($4.82B)

HS6 Disaggregation for Electrical Power Accessories (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Electrical Power Accessories by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $115M
TOP IMPORT POTENTIALChina+ $166M

Electrical Power Accessories’s highest export potential is China. With an export gap of $115M.  Electrical Power Accessories’s highest import potential is China with an import gap of $166M.

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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 (2023)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2023)

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