Electric transformers, static converters (e.g. rectifiers) and inductors

8504 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Electrical Transformers. In 2021, Electrical Transformers were the world's 22nd most traded product, with a total trade of $120B. Between 2020 and 2021 the exports of Electrical Transformers grew by 21.2%, from $99.2B to $120B. Trade in Electrical Transformers represent 0.57% of total world trade.

Electrical Transformers are a part of Electrical machinery and electronics. They include Static converters, nes, Parts of electrical transformers and inductors, Inductors, electric, Transformers electric, power capacity < 1 KVA, nes, Liquid dielectric transformers > 10,000 KVA, Ballasts for discharge lamps or tubes, Liquid dielectric transformers < 650 KVA, Transformers electric, power capacity > 500 KVA, nes, Liquid dielectric transformers 650-10,000KVA, and Transformers electric, power capacity 16-500 KVA, among others.

Exports In 2021 the top exporters of Electrical Transformers  were China ($42.2B), Germany ($11.6B), United States ($5.55B), Japan ($5.44B), and Vietnam ($3.69B).

Imports In 2021 the top importers of Electrical Transformers were United States ($20B), Germany ($9.83B), Hong Kong ($9.21B), China ($6.29B), and Netherlands ($4.59B).

Ranking Electrical Transformers ranks 299th in the Product Complexity Index (PCI).

Description Electrical transformers are used to convert electricity from one form to another. They can be made of a variety of materials, including iron, copper, and aluminum.

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical Transformers. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)China$42.2B
Top Destination (2021)United States$20B

In 2021 Electrical Transformers were the world's 22nd most traded product (out of 1,217).

In 2021, the top exporters of Electrical Transformers were China ($42.2B), Germany ($11.6B), United States ($5.55B), Japan ($5.44B), and Vietnam ($3.69B).

In 2021, the top importers of Electrical Transformers were United States ($20B), Germany ($9.83B), Hong Kong ($9.21B), China ($6.29B), and Netherlands ($4.59B).

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Exporters of Electrical Transformers (2021)
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Importers of Electrical Transformers (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)China$8.81B
Top Destination Growth (2020 -  2021)United States$3.68B

Between 2020 and 2021, the exports of Electrical Transformers grew the fastest in China ($8.81B), Vietnam ($1.67B), Germany ($1.52B), Japan ($762M), and Chinese Taipei ($756M).

Between 2020 and 2021, the fastest growing importers of Electrical Transformers were United States ($3.68B), Germany ($2.26B), Hong Kong ($1.62B), Netherlands ($1.21B), and Italy ($883M).

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Exporters of Electrical Transformers (2020 - 2021)

Importers of Electrical Transformers (2020 - 2021)

Market Concentration

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Electrical Transformers are explained by 17 countries.

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Value of Exports in Electrical Transformers

Net Trade

TOP NET EXPORTER (2021)China$35.9B
TOP NET IMPORTER (2021)United States$14.4B

This map shows which countries export or import more of Electrical Transformers. Each country is colored based on the difference in exports and imports of Electrical Transformers during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Electrical Transformers were China ($35.9B), Japan ($1.92B), Germany ($1.76B), Philippines ($1.55B), and Vietnam ($1.53B).

In 2021, the countries that had a largest trade value in imports than in exports of Electrical Transformers were United States ($14.4B), Hong Kong ($7.98B), France ($1.68B), Netherlands ($1.31B), and United Kingdom ($1.28B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Electrical Transformers, disaggragated by their HS6 level were Static converters, nes ($78.4B), Inductors, electric ($12.5B), Parts of electrical transformers and inductors ($11.6B), Transformers electric, power capacity < 1... ($5.24B), and Liquid dielectric transformers > 10,000 KVA ($4.34B)

HS6 Disaggregation for Electrical Transformers (2021)
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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 Transformers.
It is possible to select the main countries that export or import Electrical Transformers in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical Transformers 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 (2021)

Country by Relatedness

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

Relative Relatedness by Country (2021)

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