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854390 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.64BRnk 424 / 4644
2023
Top Exporter | Top Importer $2.63B | $1.43BChina | United States
2023
Product Complexity 0.68Rnk 1325 / 4656
2022 - 2023
Export Growth (CAGR) -12.2%Rnk 2944 / 4644
2023
Share of World Trade 0.038%Rnk 424 / 4644

About

Overview This page contains the latest trade data of Parts of electrical machines and apparatus nes. In 2023, Parts of electrical machines and apparatus nes were the world's 424th most traded product, with a total trade of $8.64B. Between 2022 and 2023 the exports of Parts of electrical machines and apparatus nes decreased by -12.2%, from $9.84B to $8.64B. Trade in Parts of electrical machines and apparatus nes represent 0.038% of total world trade.

Parts of electrical machines and apparatus nes are a part of Other Electrical Machinery.

Exports In 2023 the top exporters of Parts of electrical machines and apparatus nes  were China ($2.63B), United States ($902M), Japan ($797M), Germany ($740M), and United Kingdom ($249M).

Imports In 2023 the top importers of Parts of electrical machines and apparatus nes were United States ($1.43B), Singapore ($792M), China ($607M), Germany ($372M), and Malaysia ($365M).

Ranking Parts of electrical machines and apparatus nes ranks 1325th in the Product Complexity Index (PCI).

Description The main parts of an electrical machine are the stator, the rotor, armature coils, a commutator, brushes, and a slip ring. The stator is a stationary set of metal coils that supply the electric current to the rotor. The rotor is a rotating set of coils that creates a magnetic field. The armature coils are the set of coils that generate the electric current that powers the machine. The commutator is a set of contacts that transfers the electric current from the armature coils to the brushes which come in contact with the slip ring. The brushes are the

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of electrical machines and apparatus 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)China$2.63B
Top Destination (2023)United States$1.43B

In 2023 Parts of electrical machines and apparatus nes were the world's 424th most traded product (out of 4,644).

In 2023, the top exporters of Parts of electrical machines and apparatus nes were China ($2.63B), United States ($902M), Japan ($797M), Germany ($740M), and United Kingdom ($249M).

In 2023, the top importers of Parts of electrical machines and apparatus nes were United States ($1.43B), Singapore ($792M), China ($607M), Germany ($372M), and Malaysia ($365M).

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Exporters of Parts of electrical machines and apparatus nes (2023)
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Importers of Parts of electrical machines and apparatus nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$79.1M
Top Destination Growth (2022 -  2023)Thailand$110M

Between 2022 and 2023, the exports of Parts of electrical machines and apparatus nes grew the fastest in Germany ($79.1M), Vietnam ($72.8M), Netherlands ($54.1M), Indonesia ($32M), and Austria ($29.1M).

Between 2022 and 2023, the fastest growing importers of Parts of electrical machines and apparatus nes were Thailand ($110M), Poland ($68.1M), Germany ($66.8M), Portugal ($65.3M), and Russia ($60.1M).

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Exporters of Parts of electrical machines and apparatus nes (2022 - 2023)

Importers of Parts of electrical machines and apparatus nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of electrical machines and apparatus nes.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Parts of electrical machines and apparatus nes are explained by 16 countries.

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Value of Exports in Parts of electrical machines and apparatus nes

Net Trade

TOP NET EXPORTER (2023)China$2.02B
TOP NET IMPORTER (2023)Singapore$639M

This map shows which countries export or import more of Parts of electrical machines and apparatus nes. Each country is colored based on the difference in exports and imports of Parts of electrical machines and apparatus nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of electrical machines and apparatus nes were China ($2.02B), Japan ($512M), Germany ($368M), Chinese Taipei ($128M), and Indonesia ($105M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of electrical machines and apparatus nes were Singapore ($639M), United States ($530M), Hong Kong ($271M), Russia ($212M), and Thailand ($192M).

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 of electrical machines and apparatus nes.
It is possible to select the main countries that export or import Parts of electrical machines and apparatus nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of electrical machines and apparatus 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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