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850432 (Harmonized System 1992 for 6-digit)

2022
World Trade $946MRnk 2261 / 4648
2022
Top Exporter | Top Importer $304M | $202MChina | United States
2022
Product Complexity 0.15Rnk 2282 / 4653
2021 - 2022
Export Growth (CAGR) 20.5%Rnk 765 / 4648
2022
Share of World Trade 0.004%Rnk 2261 / 4648

About

Overview This page contains the latest trade data of Transformers electric, power capacity 1-16 KVA, nes. In 2022, Transformers electric, power capacity 1-16 KVA, nes were the world's 2261st most traded product, with a total trade of $946M. Between 2021 and 2022 the exports of Transformers electric, power capacity 1-16 KVA, nes grew by 20.5%, from $785M to $946M. Trade in Transformers electric, power capacity 1-16 KVA, nes represent 0.004% of total world trade.

Transformers electric, power capacity 1-16 KVA, nes are a part of Electrical Transformers.

Exports In 2022 the top exporters of Transformers electric, power capacity 1-16 KVA, nes  were China ($304M), United States ($70.4M), Mexico ($66.6M), Malaysia ($64.4M), and Germany ($63.5M).

Imports In 2022 the top importers of Transformers electric, power capacity 1-16 KVA, nes were United States ($202M), China ($73.3M), Germany ($58.2M), Hong Kong ($50.2M), and Japan ($42.8M).

Ranking Transformers electric, power capacity 1-16 KVA, nes ranks 2282nd in the Product Complexity Index (PCI).

Description Transformers are devices that transfer electricity from one voltage to another. They are used to step down high voltage power for distribution to buildings, and to step up low voltage power for transmission to substations.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Transformers electric, power capacity 1-16 KVA, 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$304M
Top Destination (2022)United States$202M

In 2022 Transformers electric, power capacity 1-16 KVA, nes were the world's 2261st most traded product (out of 4,648).

In 2022, the top exporters of Transformers electric, power capacity 1-16 KVA, nes were China ($304M), United States ($70.4M), Mexico ($66.6M), Malaysia ($64.4M), and Germany ($63.5M).

In 2022, the top importers of Transformers electric, power capacity 1-16 KVA, nes were United States ($202M), China ($73.3M), Germany ($58.2M), Hong Kong ($50.2M), and Japan ($42.8M).

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Exporters of Transformers electric, power capacity 1-16 KVA, nes (2022)
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Importers of Transformers electric, power capacity 1-16 KVA, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$70.4M
Top Destination Growth (2021 -  2022)United States$44.2M

Between 2021 and 2022, the exports of Transformers electric, power capacity 1-16 KVA, nes grew the fastest in China ($70.4M), Malaysia ($19M), Chinese Taipei ($16.1M), United States ($14.1M), and Mexico ($10.7M).

Between 2021 and 2022, the fastest growing importers of Transformers electric, power capacity 1-16 KVA, nes were United States ($44.2M), India ($22.7M), Spain ($19M), Mexico ($12.4M), and Canada ($11.6M).

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Exporters of Transformers electric, power capacity 1-16 KVA, nes (2021 - 2022)

Importers of Transformers electric, power capacity 1-16 KVA, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Transformers electric, power capacity 1-16 KVA, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Transformers electric, power capacity 1-16 KVA, nes are explained by 18 countries.

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Value of Exports in Transformers electric, power capacity 1-16 KVA, nes

Net Trade

TOP NET EXPORTER (2022)China$231M
TOP NET IMPORTER (2022)United States$132M

This map shows which countries export or import more of Transformers electric, power capacity 1-16 KVA, nes. Each country is colored based on the difference in exports and imports of Transformers electric, power capacity 1-16 KVA, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Transformers electric, power capacity 1-16 KVA, nes were China ($231M), Malaysia ($53.3M), Mexico ($29M), Czechia ($22.9M), and Chinese Taipei ($18.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Transformers electric, power capacity 1-16 KVA, nes were United States ($132M), Hong Kong ($41.8M), Spain ($29.1M), Japan ($29M), and India ($20.4M).

Net Trade (2022)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Transformers electric, power capacity 1-16 KVA, nes.
It is possible to select the main countries that export or import Transformers electric, power capacity 1-16 KVA, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Transformers electric, power capacity 1-16 KVA, 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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