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903290 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.57BRnk 797 / 4644
2023
Top Exporter | Top Importer $732M | $454MChina | United States
2023
Product Complexity 0.89Rnk 975 / 4656
2022 - 2023
Export Growth (CAGR) -17.8%Rnk 3495 / 4644
2023
Share of World Trade 0.02%Rnk 797 / 4644

About

Overview This page contains the latest trade data of Parts and accessories for automatic controls. In 2023, Parts and accessories for automatic controls were the world's 797th most traded product, with a total trade of $4.57B. Between 2022 and 2023 the exports of Parts and accessories for automatic controls decreased by -17.8%, from $5.56B to $4.57B. Trade in Parts and accessories for automatic controls represent 0.02% of total world trade.

Parts and accessories for automatic controls are a part of Thermostats.

Exports In 2023 the top exporters of Parts and accessories for automatic controls  were China ($732M), Japan ($581M), Germany ($514M), United States ($388M), and Mexico ($234M).

Imports In 2023 the top importers of Parts and accessories for automatic controls were United States ($454M), China ($403M), Mexico ($385M), Germany ($309M), and India ($256M).

Ranking Parts and accessories for automatic controls ranks 975th in the Product Complexity Index (PCI).

Description A variety of sensors are used in automatic control applications. The most common sensor is the proximity sensor, which is used to detect when an object near the sensor has changed position. Other types of sensors are limit switches, position sensors, and rotary encoders, which are used to determine the position of a shaft.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts and accessories for automatic controls. 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$732M
Top Destination (2023)United States$454M

In 2023 Parts and accessories for automatic controls were the world's 797th most traded product (out of 4,644).

In 2023, the top exporters of Parts and accessories for automatic controls were China ($732M), Japan ($581M), Germany ($514M), United States ($388M), and Mexico ($234M).

In 2023, the top importers of Parts and accessories for automatic controls were United States ($454M), China ($403M), Mexico ($385M), Germany ($309M), and India ($256M).

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Exporters of Parts and accessories for automatic controls (2023)
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Importers of Parts and accessories for automatic controls (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$14.2M
Top Destination Growth (2022 -  2023)Mexico$51.9M

Between 2022 and 2023, the exports of Parts and accessories for automatic controls grew the fastest in Switzerland ($14.2M), Austria ($12.2M), Indonesia ($12M), Slovakia ($11.4M), and Netherlands ($9.49M).

Between 2022 and 2023, the fastest growing importers of Parts and accessories for automatic controls were Mexico ($51.9M), India ($18.5M), Canada ($17.1M), France ($16.3M), and United Arab Emirates ($15.4M).

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Exporters of Parts and accessories for automatic controls (2022 - 2023)

Importers of Parts and accessories for automatic controls (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts and accessories for automatic controls.

In 2023, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Parts and accessories for automatic controls are explained by 23 countries.

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Value of Exports in Parts and accessories for automatic controls

Net Trade

TOP NET EXPORTER (2023)Japan$447M
TOP NET IMPORTER (2023)India$204M

This map shows which countries export or import more of Parts and accessories for automatic controls. Each country is colored based on the difference in exports and imports of Parts and accessories for automatic controls during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts and accessories for automatic controls were Japan ($447M), China ($329M), Germany ($205M), United Kingdom ($53.7M), and Hungary ($52.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts and accessories for automatic controls were India ($204M), Mexico ($151M), Brazil ($107M), Hong Kong ($83.4M), and Vietnam ($79.2M).

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 Parts and accessories for automatic controls.
It is possible to select the main countries that export or import Parts and accessories for automatic controls in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts and accessories for automatic controls 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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