Sign In
Pricing

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

8504 (Harmonized System 1992 for 4-digit)

2022
World Trade $143BRnk 22 / 1218
2022
Top Exporter | Top Importer $54.1B | $23.5BChina | United States
2022
Product Complexity 0.71Rnk 277 / 1033
2021 - 2022
Export Growth (CAGR) 14.7%Rnk 282 / 1218
2022
Share of World Trade 0.6%Rnk 22 / 1218

About

Overview This page contains the latest trade data of Electrical Transformers. In 2022, Electrical Transformers were the world's 22nd most traded product, with a total trade of $143B. Between 2021 and 2022 the exports of Electrical Transformers grew by 14.7%, from $125B to $143B. Trade in Electrical Transformers represent 0.6% 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 2022 the top exporters of Electrical Transformers  were China ($54.1B), Germany ($12.2B), United States ($6.63B), Japan ($5.13B), and Mexico ($4.65B).

Imports In 2022 the top importers of Electrical Transformers were United States ($23.5B), Germany ($12.4B), China ($9.37B), Hong Kong ($7.87B), and Netherlands ($6.45B).

Ranking Electrical Transformers ranks 277th 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 Trends

Latest Data

View
Flow
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.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)China$54.1B
Top Destination (2022)United States$23.5B

In 2022 Electrical Transformers were the world's 22nd most traded product (out of 1,218).

In 2022, the top exporters of Electrical Transformers were China ($54.1B), Germany ($12.2B), United States ($6.63B), Japan ($5.13B), and Mexico ($4.65B).

In 2022, the top importers of Electrical Transformers were United States ($23.5B), Germany ($12.4B), China ($9.37B), Hong Kong ($7.87B), and Netherlands ($6.45B).

Explore Visualizations

Exporters of Electrical Transformers (2022)
[Click to Select a Country]

Importers of Electrical Transformers (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$7.43B
Top Destination Growth (2021 -  2022)United States$3.64B

Between 2021 and 2022, the exports of Electrical Transformers grew the fastest in China ($7.43B), Netherlands ($1.25B), Mexico ($1.15B), United States ($1.07B), and Thailand ($953M).

Between 2021 and 2022, the fastest growing importers of Electrical Transformers were United States ($3.64B), Germany ($2.58B), Netherlands ($1.87B), Mexico ($1.09B), and United Kingdom ($1.06B).

Explore Visualizations

Exporters of Electrical Transformers (2021 - 2022)

Importers of Electrical Transformers (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Electrical Transformers are explained by 16 countries.

Explore Visualizations

Value of Exports in Electrical Transformers

Net Trade

TOP NET EXPORTER (2022)China$44.7B
TOP NET IMPORTER (2022)United States$16.8B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical Transformers were China ($44.7B), Philippines ($1.63B), Thailand ($1.62B), Vietnam ($1.3B), and Japan ($1.29B).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical Transformers were United States ($16.8B), Hong Kong ($6.68B), United Kingdom ($2.23B), France ($2.05B), and Netherlands ($2.01B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Electrical Transformers, disaggragated by their HS6 level were Static converters, nes ($95.9B), Inductors, electric ($13.8B), Parts of electrical transformers and inductors ($13.1B), Transformers electric, power capacity < 1... ($5.88B), and Liquid dielectric transformers > 10,000 KVA ($4.54B)

HS6 Disaggregation for Electrical Transformers (2022)
[Click to Select]

Country Comparison

Flow
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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.37B
TOP IMPORT POTENTIALVietnam+ $318M

Electrical Transformers’s highest export potential is United States. With an export gap of $1.37B.  Electrical Transformers’s highest import potential is Vietnam with an import gap of $318M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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 Transformers.

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 (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms