2018
Exports
$12.2BWorld Rnk 2 / 223
Flag Rnk 18 / 1216
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2018
Imports
$12.4BWorld Rnk 2 / 225
Flag Rnk 17 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2018, Germany exported $12.2B in Electrical Transformers, making it the 2nd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 18th most exported product in Germany. The main destination of Electrical Transformers exports from Germany are: China ($1.4B), United States ($1.1B), Italy ($927M), Netherlands ($720M), and France ($698M).

The fastest growing export markets for Electrical Transformers of Germany between 2021 and 2022 were Netherlands ($170M), South Korea ($120M), and Austria ($78.2M).

Imports In 2022, Germany imported $12.4B in Electrical Transformers, becoming the 2nd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 17th most imported product in Germany. Germany imports Electrical Transformers primarily from: China ($3.38B), Netherlands ($1.2B), Hungary ($1.02B), Czechia ($784M), and Austria ($717M).

The fastest growing import markets in Electrical Transformers for Germany between 2021 and 2022 were China ($1.16B), Netherlands ($518M), and Czechia ($157M).

COMPANIES In 2023, leading companies such as Siemens (84), Robert Bosch (47), and ABB Motors and Mechanical (21) were at the forefront of shipping Electrical Transformers from Germany to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electrical Transformers. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2B
IMPORTS (2022)$12.4B
NET TRADE (2022)-$195M

In 2022, Germany exported $12.2B in Electrical Transformers. The main destinations of Germany exports on Electrical Transformers were China ($1.4B), United States ($1.1B), Italy ($927M), Netherlands ($720M), and France ($698M).

In 2022, Germany imported $12.4B in Electrical Transformers, mainly from China ($3.38B), Netherlands ($1.2B), Hungary ($1.02B), Czechia ($784M), and Austria ($717M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Germany WERE (2021 - 2022):
Netherlands$170M (30.9%)
South Korea$120M (48.3%)
Austria$78.2M (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Germany WERE (2021 - 2022):
Russia-$107M (-70.8%)
Australia-$36.8M (-38.7%)
Sweden-$32.8M (-13.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Electrical Transformers were:
In 2022, Germany's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $416M
TOP IMPORT POTENTIALChina+ $514M

Electrical Transformers’s highest export potential is United States. With an export gap of $416M.   Electrical Transformers’s highest import potential is China with an import gap of $514M.

See methodology.

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