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854419 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.19BRnk 1997 / 4648
2022
Top Exporter | Top Importer $428M | $82.1MChina | China
2022
Product Complexity -0.78Rnk 3573 / 4653
2021 - 2022
Export Growth (CAGR) 7.8%Rnk 1861 / 4648
2022
Share of World Trade 0.005%Rnk 1997 / 4648

About

Overview This page contains the latest trade data of Insulated winding wire, nes. In 2022, Insulated winding wire, nes were the world's 1997th most traded product, with a total trade of $1.19B. Between 2021 and 2022 the exports of Insulated winding wire, nes grew by 7.8%, from $1.1B to $1.19B. Trade in Insulated winding wire, nes represent 0.005% of total world trade.

Insulated winding wire, nes are a part of Insulated Wire.

Exports In 2022 the top exporters of Insulated winding wire, nes  were China ($428M), United States ($77.1M), South Korea ($75.3M), India ($73.8M), and Italy ($57.7M).

Imports In 2022 the top importers of Insulated winding wire, nes were China ($82.1M), Japan ($61.1M), Mexico ($51.9M), Vietnam ($46M), and India ($39.3M).

Ranking Insulated winding wire, nes ranks 3573rd in the Product Complexity Index (PCI).

Description Insulated winding wire is used in transformers, motors, and other electrical equipment to provide a path for the electric current and to reduce the power losses.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Insulated winding wire, nes. 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 (2022)China$428M
Top Destination (2022)China$82.1M

In 2022 Insulated winding wire, nes were the world's 1997th most traded product (out of 4,648).

In 2022, the top exporters of Insulated winding wire, nes were China ($428M), United States ($77.1M), South Korea ($75.3M), India ($73.8M), and Italy ($57.7M).

In 2022, the top importers of Insulated winding wire, nes were China ($82.1M), Japan ($61.1M), Mexico ($51.9M), Vietnam ($46M), and India ($39.3M).

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Exporters of Insulated winding wire, nes (2022)
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Importers of Insulated winding wire, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$37.2M
Top Destination Growth (2021 -  2022)China$26.3M

Between 2021 and 2022, the exports of Insulated winding wire, nes grew the fastest in China ($37.2M), India ($21.4M), South Korea ($12M), Spain ($9.75M), and Indonesia ($6.63M).

Between 2021 and 2022, the fastest growing importers of Insulated winding wire, nes were China ($26.3M), Nigeria ($9.55M), Vietnam ($7.36M), Japan ($5.74M), and United Arab Emirates ($5.7M).

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Exporters of Insulated winding wire, nes (2021 - 2022)

Importers of Insulated winding wire, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insulated winding wire, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Insulated winding wire, nes are explained by 16 countries.

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Value of Exports in Insulated winding wire, nes

Net Trade

TOP NET EXPORTER (2022)China$346M
TOP NET IMPORTER (2022)Japan$53.4M

This map shows which countries export or import more of Insulated winding wire, nes. Each country is colored based on the difference in exports and imports of Insulated winding wire, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Insulated winding wire, nes were China ($346M), South Korea ($49.3M), United States ($39.6M), India ($34.6M), and Chinese Taipei ($30.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Insulated winding wire, nes were Japan ($53.4M), Mexico ($41.4M), Vietnam ($28.2M), United Arab Emirates ($26.9M), and Canada ($23.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Insulated winding wire, nes 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 (2022)

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