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853890 (Harmonized System 1992 for 6-digit)

2023
World Trade $37.5BRnk 76 / 4644
2023
Top Exporter | Top Importer $6.62B | $4.41BGermany | Mexico
2023
Product Complexity 0.7Rnk 1287 / 4656
2022 - 2023
Export Growth (CAGR) 2.26%Rnk 1308 / 4644
2023
Share of World Trade 0.17%Rnk 76 / 4644

About

Overview This page contains the latest trade data of Parts, electric switches, protectors & connectors nes. In 2023, Parts, electric switches, protectors & connectors nes were the world's 76th most traded product, with a total trade of $37.5B. Between 2022 and 2023 the exports of Parts, electric switches, protectors & connectors nes grew by 2.26%, from $36.7B to $37.5B. Trade in Parts, electric switches, protectors & connectors nes represent 0.17% of total world trade.

Parts, electric switches, protectors & connectors nes are a part of Electrical Power Accessories.

Exports In 2023 the top exporters of Parts, electric switches, protectors & connectors nes  were Germany ($6.62B), China ($6.01B), United States ($4.18B), Japan ($2.37B), and Mexico ($1.77B).

Imports In 2023 the top importers of Parts, electric switches, protectors & connectors nes were Mexico ($4.41B), United States ($4.06B), China ($3.24B), Germany ($2.86B), and Italy ($1.8B).

Ranking Parts, electric switches, protectors & connectors nes ranks 1287th in the Product Complexity Index (PCI).

Description Parts: The stator is the central component of the electric motor. The stator is made up of coils of wire wound around an iron core. The rotor is the spinning armature that is the outside, spinning part of the motor. It has a series of permanent magnets on its outside surface. The armature and the stator are held together by the frame. The rotor and the stator are separated by the air gap. Electric switches: The switch is a component used to control the flow of electric current. There are two common types of switches; the on-off

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts, electric switches, protectors & connectors 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 (2023)Germany$6.62B
Top Destination (2023)Mexico$4.41B

In 2023 Parts, electric switches, protectors & connectors nes were the world's 76th most traded product (out of 4,644).

In 2023, the top exporters of Parts, electric switches, protectors & connectors nes were Germany ($6.62B), China ($6.01B), United States ($4.18B), Japan ($2.37B), and Mexico ($1.77B).

In 2023, the top importers of Parts, electric switches, protectors & connectors nes were Mexico ($4.41B), United States ($4.06B), China ($3.24B), Germany ($2.86B), and Italy ($1.8B).

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Exporters of Parts, electric switches, protectors & connectors nes (2023)
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Importers of Parts, electric switches, protectors & connectors nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$579M
Top Destination Growth (2022 -  2023)Germany$301M

Between 2022 and 2023, the exports of Parts, electric switches, protectors & connectors nes grew the fastest in Germany ($579M), Mexico ($169M), Singapore ($162M), Bulgaria ($137M), and France ($127M).

Between 2022 and 2023, the fastest growing importers of Parts, electric switches, protectors & connectors nes were Germany ($301M), Italy ($197M), United States ($195M), France ($151M), and Saudi Arabia ($116M).

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Exporters of Parts, electric switches, protectors & connectors nes (2022 - 2023)

Importers of Parts, electric switches, protectors & connectors nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts, electric switches, protectors & connectors nes.

In 2023, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Parts, electric switches, protectors & connectors nes are explained by 20 countries.

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Value of Exports in Parts, electric switches, protectors & connectors nes

Net Trade

TOP NET EXPORTER (2023)Germany$3.75B
TOP NET IMPORTER (2023)Mexico$2.64B

This map shows which countries export or import more of Parts, electric switches, protectors & connectors nes. Each country is colored based on the difference in exports and imports of Parts, electric switches, protectors & connectors nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts, electric switches, protectors & connectors nes were Germany ($3.75B), China ($2.77B), Japan ($1.52B), France ($451M), and Austria ($380M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts, electric switches, protectors & connectors nes were Mexico ($2.64B), Italy ($677M), Hong Kong ($676M), Netherlands ($334M), and United Arab Emirates ($310M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Parts, electric switches, protectors & connectors nes.
It is possible to select the main countries that export or import Parts, electric switches, protectors & connectors nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts, electric switches, protectors & connectors 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 (2023)

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