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Pricing

Electrical parts of machinery or apparatus; not specified or elsewhere included in this chapter

854800 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.42BRnk 822 / 4644
2023
Top Exporter | Top Importer $1.48B | $914MChina | China
2023
Product Complexity 0.082Rnk 2418 / 4656
2022 - 2023
Export Growth (CAGR) -14.1%Rnk 3152 / 4644
2023
Share of World Trade 0.02%Rnk 822 / 4644

About

Overview This page contains the latest trade data of Unspecified electrical machinery parts. In 2023, Unspecified electrical machinery parts were the world's 822nd most traded product, with a total trade of $4.42B. Between 2022 and 2023 the exports of Unspecified electrical machinery parts decreased by -14.1%, from $5.15B to $4.42B. Trade in Unspecified electrical machinery parts represent 0.02% of total world trade.

Unspecified electrical machinery parts are a part of Electrical Parts.

Exports In 2023 the top exporters of Unspecified electrical machinery parts  were China ($1.48B), Japan ($704M), Malaysia ($390M), United States ($278M), and Germany ($228M).

Imports In 2023 the top importers of Unspecified electrical machinery parts were China ($914M), Vietnam ($440M), Hong Kong ($407M), Mexico ($320M), and United States ($284M).

Ranking Unspecified electrical machinery parts ranks 2418th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Unspecified electrical machinery parts. 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$1.48B
Top Destination (2023)China$914M

In 2023 Unspecified electrical machinery parts were the world's 822nd most traded product (out of 4,644).

In 2023, the top exporters of Unspecified electrical machinery parts were China ($1.48B), Japan ($704M), Malaysia ($390M), United States ($278M), and Germany ($228M).

In 2023, the top importers of Unspecified electrical machinery parts were China ($914M), Vietnam ($440M), Hong Kong ($407M), Mexico ($320M), and United States ($284M).

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Exporters of Unspecified electrical machinery parts (2023)
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Importers of Unspecified electrical machinery parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$323M
Top Destination Growth (2022 -  2023)Malaysia$148M

Between 2022 and 2023, the exports of Unspecified electrical machinery parts grew the fastest in Malaysia ($323M), Lithuania ($9.61M), Turkey ($8.89M), Germany ($7.86M), and Italy ($6.64M).

Between 2022 and 2023, the fastest growing importers of Unspecified electrical machinery parts were Malaysia ($148M), China ($67.4M), Singapore ($36.8M), Vietnam ($23.9M), and Indonesia ($19.8M).

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Exporters of Unspecified electrical machinery parts (2022 - 2023)

Importers of Unspecified electrical machinery parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Unspecified electrical machinery parts.

In 2023, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Unspecified electrical machinery parts are explained by 12 countries.

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Value of Exports in Unspecified electrical machinery parts

Net Trade

TOP NET EXPORTER (2023)Japan$626M
TOP NET IMPORTER (2023)Vietnam$380M

This map shows which countries export or import more of Unspecified electrical machinery parts. Each country is colored based on the difference in exports and imports of Unspecified electrical machinery parts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Unspecified electrical machinery parts were Japan ($626M), China ($568M), Malaysia ($155M), Chinese Taipei ($60.3M), and Thailand ($36.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Unspecified electrical machinery parts were Vietnam ($380M), Hong Kong ($347M), Mexico ($168M), South Korea ($76.4M), and Singapore ($73M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Unspecified electrical machinery parts.
It is possible to select the main countries that export or import Unspecified electrical machinery parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Unspecified electrical machinery parts 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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