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850423 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.56BRnk 558 / 4644
2023
Top Exporter | Top Importer $1.55B | $1.91BChina | United States
2023
Product Complexity 0.19Rnk 2225 / 4656
2022 - 2023
Export Growth (CAGR) 43.6%Rnk 81 / 4644
2023
Share of World Trade 0.029%Rnk 558 / 4644

About

Overview This page contains the latest trade data of Liquid dielectric transformers > 10,000 KVA. In 2023, Liquid dielectric transformers > 10,000 KVA were the world's 558th most traded product, with a total trade of $6.56B. Between 2022 and 2023 the exports of Liquid dielectric transformers > 10,000 KVA grew by 43.6%, from $4.57B to $6.56B. Trade in Liquid dielectric transformers > 10,000 KVA represent 0.029% of total world trade.

Liquid dielectric transformers > 10,000 KVA are a part of Electrical Transformers.

Exports In 2023 the top exporters of Liquid dielectric transformers > 10,000 KVA  were China ($1.55B), South Korea ($523M), Mexico ($493M), Turkey ($481M), and Germany ($397M).

Imports In 2023 the top importers of Liquid dielectric transformers > 10,000 KVA were United States ($1.91B), Russia ($312M), Saudi Arabia ($267M), United Kingdom ($217M), and Germany ($197M).

Ranking Liquid dielectric transformers > 10,000 KVA ranks 2225th in the Product Complexity Index (PCI).

Description Liquid dielectric transformers are used to step up or step down electrical voltage. They are not durable enough to be used in situations where electric voltage is changed in steps, but are instead used to change voltage in large steps.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Liquid dielectric transformers > 10,000 KVA. 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$1.55B
Top Destination (2023)United States$1.91B

In 2023 Liquid dielectric transformers > 10,000 KVA were the world's 558th most traded product (out of 4,644).

In 2023, the top exporters of Liquid dielectric transformers > 10,000 KVA were China ($1.55B), South Korea ($523M), Mexico ($493M), Turkey ($481M), and Germany ($397M).

In 2023, the top importers of Liquid dielectric transformers > 10,000 KVA were United States ($1.91B), Russia ($312M), Saudi Arabia ($267M), United Kingdom ($217M), and Germany ($197M).

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Exporters of Liquid dielectric transformers > 10,000 KVA (2023)
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Importers of Liquid dielectric transformers > 10,000 KVA (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$640M
Top Destination Growth (2022 -  2023)United States$655M

Between 2022 and 2023, the exports of Liquid dielectric transformers > 10,000 KVA grew the fastest in China ($640M), Turkey ($149M), South Korea ($145M), Netherlands ($127M), and Brazil ($116M).

Between 2022 and 2023, the fastest growing importers of Liquid dielectric transformers > 10,000 KVA were United States ($655M), Russia ($294M), Spain ($115M), United Arab Emirates ($107M), and Germany ($107M).

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Exporters of Liquid dielectric transformers > 10,000 KVA (2022 - 2023)

Importers of Liquid dielectric transformers > 10,000 KVA (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Liquid dielectric transformers > 10,000 KVA.

In 2023, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Liquid dielectric transformers > 10,000 KVA are explained by 18 countries.

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Value of Exports in Liquid dielectric transformers > 10,000 KVA

Net Trade

TOP NET EXPORTER (2023)China$1.55B
TOP NET IMPORTER (2023)United States$1.89B

This map shows which countries export or import more of Liquid dielectric transformers > 10,000 KVA. Each country is colored based on the difference in exports and imports of Liquid dielectric transformers > 10,000 KVA during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Liquid dielectric transformers > 10,000 KVA were China ($1.55B), South Korea ($517M), Turkey ($451M), Mexico ($370M), and Austria ($337M).

In 2023, the countries that had a largest trade value in imports than in exports of Liquid dielectric transformers > 10,000 KVA were United States ($1.89B), Russia ($298M), Saudi Arabia ($252M), United Kingdom ($194M), and Iraq ($150M).

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 Liquid dielectric transformers > 10,000 KVA.
It is possible to select the main countries that export or import Liquid dielectric transformers > 10,000 KVA in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Liquid dielectric transformers > 10,000 KVA 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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