Electric motors and generators (excluding generating sets)

8501 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Electric Motors. In 2022, Electric Motors were the world's 58th most traded product, with a total trade of $69.8B. Between 2021 and 2022 the exports of Electric Motors grew by 7.43%, from $65B to $69.8B. Trade in Electric Motors represent 0.29% of total world trade.

Electric Motors are a part of Electrical machinery and electronics. They include Electric motors of an output < 37.5 watts, DC motors, DC generators, of an output < 750 watts, AC motors, multi-phase, of an output 0.75-75 kW, AC motors, single-phase, nes, AC motors, multi-phase, of an output > 75 kW, AC generators, of an output > 750 kVA, AC motors, multi-phase, of an output < 750 Watts, DC motors, DC generators, of an output 0.75-75 kW, Universal AC/DC motors of an output < 37.5 watts, and AC generators, of an output < 75 kVA, among others.

Exports In 2022 the top exporters of Electric Motors  were China ($18.4B), Germany ($8.51B), Mexico ($4.62B), United States ($4.29B), and Japan ($3.85B).

Imports In 2022 the top importers of Electric Motors were United States ($12.1B), Germany ($7.08B), China ($4.2B), Mexico ($2.82B), and Italy ($2.42B).

Ranking Electric Motors ranks 247th in the Product Complexity Index (PCI).

Description Electric motors and generators are used to power many different kinds of machines. They can be made from a variety of materials, including copper, iron, steel, aluminum, and plastic.

Historical Data

Exporters and Importers

Top Origin (2022)China$18.4B
Top Destination (2022)United States$12.1B

In 2022 Electric Motors were the world's 58th most traded product (out of 1,218).

In 2022, the top exporters of Electric Motors were China ($18.4B), Germany ($8.51B), Mexico ($4.62B), United States ($4.29B), and Japan ($3.85B).

In 2022, the top importers of Electric Motors were United States ($12.1B), Germany ($7.08B), China ($4.2B), Mexico ($2.82B), and Italy ($2.42B).

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Exporters of Electric Motors (2022)
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Importers of Electric Motors (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.25B
Top Destination Growth (2021 -  2022)United States$1.24B

Between 2021 and 2022, the exports of Electric Motors grew the fastest in China ($1.25B), Mexico ($617M), United States ($485M), Vietnam ($314M), and France ($299M).

Between 2021 and 2022, the fastest growing importers of Electric Motors were United States ($1.24B), Germany ($658M), Mexico ($404M), Chile ($313M), and India ($268M).

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Exporters of Electric Motors (2021 - 2022)

Importers of Electric Motors (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric Motors.

In 2022, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Electric Motors are explained by 19 countries.

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Value of Exports in Electric Motors

Net Trade

TOP NET EXPORTER (2022)China$14.2B
TOP NET IMPORTER (2022)United States$7.82B

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

In 2022, the countries that had a largest trade value in exports than in imports of Electric Motors were China ($14.2B), Japan ($1.84B), Mexico ($1.8B), Germany ($1.42B), and Vietnam ($1.13B).

In 2022, the countries that had a largest trade value in imports than in exports of Electric Motors were United States ($7.82B), Canada ($1.15B), South Korea ($874M), Turkey ($874M), and Netherlands ($808M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Electric Motors, disaggragated by their HS6 level were Electric motors of an output <... ($15.5B), DC motors, DC generators, of an... ($14.6B), AC motors, multi-phase, of an output... ($10.7B), AC motors, multi-phase, of an output... ($6.78B), and AC motors, single-phase, nes ($6.63B)

HS6 Disaggregation for Electric Motors (2022)
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Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Electric Motors 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)

Country by Relatedness

The following visualization shows the relatedness of Electric Motors to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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