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850440 (Harmonized System 1992 for 6-digit)

2022
World Trade $95.9BRnk 24 / 4648
2022
Top Exporter | Top Importer $38.6B | $16.6BChina | United States
2022
Product Complexity 1.15Rnk 557 / 4653
2021 - 2022
Export Growth (CAGR) 18.5%Rnk 879 / 4648
2022
Share of World Trade 0.4%Rnk 24 / 4648

About

Overview This page contains the latest trade data of Static converters, nes. In 2022, Static converters, nes were the world's 24th most traded product, with a total trade of $95.9B. Between 2021 and 2022 the exports of Static converters, nes grew by 18.5%, from $81B to $95.9B. Trade in Static converters, nes represent 0.4% of total world trade.

Static converters, nes are a part of Electrical Transformers.

Exports In 2022 the top exporters of Static converters, nes  were China ($38.6B), Germany ($8.86B), United States ($4.73B), Netherlands ($3.89B), and Japan ($2.95B).

Imports In 2022 the top importers of Static converters, nes were United States ($16.6B), Germany ($8.97B), China ($5.56B), Netherlands ($5.5B), and Mexico ($3.74B).

Ranking Static converters, nes ranks 557th in the Product Complexity Index (PCI).

Description Static converters are used for the conversion of alternating current (AC) electrical power to direct current (DC) power that can be used in low voltage devices such as computers and power tools.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Static converters, 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$38.6B
Top Destination (2022)United States$16.6B

In 2022 Static converters, nes were the world's 24th most traded product (out of 4,648).

In 2022, the top exporters of Static converters, nes were China ($38.6B), Germany ($8.86B), United States ($4.73B), Netherlands ($3.89B), and Japan ($2.95B).

In 2022, the top importers of Static converters, nes were United States ($16.6B), Germany ($8.97B), China ($5.56B), Netherlands ($5.5B), and Mexico ($3.74B).

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Exporters of Static converters, nes (2022)
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Importers of Static converters, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$6.52B
Top Destination Growth (2021 -  2022)United States$2.33B

Between 2021 and 2022, the exports of Static converters, nes grew the fastest in China ($6.52B), Netherlands ($1.21B), Thailand ($963M), United States ($767M), and Italy ($706M).

Between 2021 and 2022, the fastest growing importers of Static converters, nes were United States ($2.33B), Germany ($2.08B), Netherlands ($1.7B), Italy ($925M), and Mexico ($923M).

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Exporters of Static converters, nes (2021 - 2022)

Importers of Static converters, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Static converters, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Static converters, nes are explained by 14 countries.

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Value of Exports in Static converters, nes

Net Trade

TOP NET EXPORTER (2022)China$33B
TOP NET IMPORTER (2022)United States$11.9B

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

In 2022, the countries that had a largest trade value in exports than in imports of Static converters, nes were China ($33B), Thailand ($2B), Vietnam ($1.55B), Philippines ($1.15B), and Finland ($456M).

In 2022, the countries that had a largest trade value in imports than in exports of Static converters, nes were United States ($11.9B), Hong Kong ($2.9B), France ($1.65B), Netherlands ($1.61B), and United Kingdom ($1.56B).

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 Static converters, nes.
It is possible to select the main countries that export or import Static converters, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Static converters, 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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