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853649 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.03BRnk 598 / 4644
2023
Top Exporter | Top Importer $1.02B | $651MChina | United States
2023
Product Complexity 0.66Rnk 1361 / 4656
2022 - 2023
Export Growth (CAGR) 1.9%Rnk 1347 / 4644
2023
Share of World Trade 0.027%Rnk 598 / 4644

About

Overview This page contains the latest trade data of Electrical relays for 60 - 1,000 volts. In 2023, Electrical relays for 60 - 1,000 volts were the world's 598th most traded product, with a total trade of $6.03B. Between 2022 and 2023 the exports of Electrical relays for 60 - 1,000 volts grew by 1.9%, from $5.92B to $6.03B. Trade in Electrical relays for 60 - 1,000 volts represent 0.027% of total world trade.

Electrical relays for 60 - 1,000 volts are a part of Low-voltage Protection Equipment.

Exports In 2023 the top exporters of Electrical relays for 60 - 1,000 volts  were China ($1.02B), Germany ($870M), France ($481M), United States ($381M), and Czechia ($289M).

Imports In 2023 the top importers of Electrical relays for 60 - 1,000 volts were United States ($651M), Germany ($480M), Czechia ($260M), China ($258M), and Italy ($257M).

Ranking Electrical relays for 60 - 1,000 volts ranks 1361st in the Product Complexity Index (PCI).

Description Relays are used for controlling power, such as turning a light on or off, or even to turn an entire factory on or off by pressing a button on a computer.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electrical relays for 60 - 1,000 volts. 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$1.02B
Top Destination (2023)United States$651M

In 2023 Electrical relays for 60 - 1,000 volts were the world's 598th most traded product (out of 4,644).

In 2023, the top exporters of Electrical relays for 60 - 1,000 volts were China ($1.02B), Germany ($870M), France ($481M), United States ($381M), and Czechia ($289M).

In 2023, the top importers of Electrical relays for 60 - 1,000 volts were United States ($651M), Germany ($480M), Czechia ($260M), China ($258M), and Italy ($257M).

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Exporters of Electrical relays for 60 - 1,000 volts (2023)
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Importers of Electrical relays for 60 - 1,000 volts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$85.7M
Top Destination Growth (2022 -  2023)Turkey$52.9M

Between 2022 and 2023, the exports of Electrical relays for 60 - 1,000 volts grew the fastest in United States ($85.7M), Mexico ($47.2M), Spain ($35M), France ($33.9M), and Germany ($29.5M).

Between 2022 and 2023, the fastest growing importers of Electrical relays for 60 - 1,000 volts were Turkey ($52.9M), Saudi Arabia ($44.9M), Czechia ($36.1M), Belgium ($28.7M), and France ($25.4M).

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Exporters of Electrical relays for 60 - 1,000 volts (2022 - 2023)

Importers of Electrical relays for 60 - 1,000 volts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical relays for 60 - 1,000 volts.

In 2023, market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Electrical relays for 60 - 1,000 volts are explained by 23 countries.

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Value of Exports in Electrical relays for 60 - 1,000 volts

Net Trade

TOP NET EXPORTER (2023)China$766M
TOP NET IMPORTER (2023)United States$270M

This map shows which countries export or import more of Electrical relays for 60 - 1,000 volts. Each country is colored based on the difference in exports and imports of Electrical relays for 60 - 1,000 volts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical relays for 60 - 1,000 volts were China ($766M), Germany ($390M), France ($243M), Japan ($147M), and Indonesia ($125M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical relays for 60 - 1,000 volts were United States ($270M), Turkey ($138M), Netherlands ($115M), Saudi Arabia ($105M), and Brazil ($104M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical relays for 60 - 1,000 volts.
It is possible to select the main countries that export or import Electrical relays for 60 - 1,000 volts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical relays for 60 - 1,000 volts 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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