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850590 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.29BRnk 1047 / 4644
2023
Top Exporter | Top Importer $615M | $537MChina | United States
2023
Product Complexity 1.09Rnk 645 / 4656
2022 - 2023
Export Growth (CAGR) -7.18%Rnk 2374 / 4644
2023
Share of World Trade 0.015%Rnk 1047 / 4644

About

Overview This page contains the latest trade data of Electro-magnets nes and parts of magnetic devices. In 2023, Electro-magnets nes and parts of magnetic devices were the world's 1047th most traded product, with a total trade of $3.29B. Between 2022 and 2023 the exports of Electro-magnets nes and parts of magnetic devices decreased by -7.18%, from $3.54B to $3.29B. Trade in Electro-magnets nes and parts of magnetic devices represent 0.015% of total world trade.

Electro-magnets nes and parts of magnetic devices are a part of Electromagnets.

Exports In 2023 the top exporters of Electro-magnets nes and parts of magnetic devices  were China ($615M), Germany ($543M), Japan ($361M), United States ($204M), and Mexico ($133M).

Imports In 2023 the top importers of Electro-magnets nes and parts of magnetic devices were United States ($537M), Germany ($402M), China ($327M), Japan ($155M), and Mexico ($140M).

Ranking Electro-magnets nes and parts of magnetic devices ranks 645th in the Product Complexity Index (PCI).

Description Electro-magnets are used in many different industrial fields, such as in the sorting of products on the assembly line, in the production of paper, in the production of steel, and for pumping molten steel. Electro-magnets are also used in the production of textiles.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electro-magnets nes and parts of magnetic devices. 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$615M
Top Destination (2023)United States$537M

In 2023 Electro-magnets nes and parts of magnetic devices were the world's 1047th most traded product (out of 4,644).

In 2023, the top exporters of Electro-magnets nes and parts of magnetic devices were China ($615M), Germany ($543M), Japan ($361M), United States ($204M), and Mexico ($133M).

In 2023, the top importers of Electro-magnets nes and parts of magnetic devices were United States ($537M), Germany ($402M), China ($327M), Japan ($155M), and Mexico ($140M).

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Exporters of Electro-magnets nes and parts of magnetic devices (2023)
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Importers of Electro-magnets nes and parts of magnetic devices (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Djibouti$41.8M
Top Destination Growth (2022 -  2023)Canada$28.2M

Between 2022 and 2023, the exports of Electro-magnets nes and parts of magnetic devices grew the fastest in Djibouti ($41.8M), Mexico ($37.4M), Switzerland ($15.9M), Hong Kong ($15.2M), and Germany ($13.6M).

Between 2022 and 2023, the fastest growing importers of Electro-magnets nes and parts of magnetic devices were Canada ($28.2M), United States ($15.2M), Hungary ($13.6M), Poland ($12.6M), and United Arab Emirates ($12.4M).

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Exporters of Electro-magnets nes and parts of magnetic devices (2022 - 2023)

Importers of Electro-magnets nes and parts of magnetic devices (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electro-magnets nes and parts of magnetic devices.

In 2023, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Electro-magnets nes and parts of magnetic devices are explained by 19 countries.

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Value of Exports in Electro-magnets nes and parts of magnetic devices

Net Trade

TOP NET EXPORTER (2023)China$288M
TOP NET IMPORTER (2023)United States$333M

This map shows which countries export or import more of Electro-magnets nes and parts of magnetic devices. Each country is colored based on the difference in exports and imports of Electro-magnets nes and parts of magnetic devices during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electro-magnets nes and parts of magnetic devices were China ($288M), Japan ($206M), Germany ($141M), Italy ($47.4M), and Djibouti ($41.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Electro-magnets nes and parts of magnetic devices were United States ($333M), Hungary ($88.6M), Canada ($46.6M), India ($43M), and Czechia ($41.2M).

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 Electro-magnets nes and parts of magnetic devices.
It is possible to select the main countries that export or import Electro-magnets nes and parts of magnetic devices in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electro-magnets nes and parts of magnetic devices 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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