2022
Exports
$2.88BWorld Rnk 11 / 223
Flag Rnk 22 / 1212
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$2.96BWorld Rnk 13 / 225
Flag Rnk 28 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $2.88B in Electrical Transformers, making it the 11th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 22nd most exported product in India. The main destination of Electrical Transformers exports from India are: United States ($944M), Netherlands ($236M), China ($220M), United Kingdom ($123M), and Kuwait ($78.5M).

The fastest growing export markets for Electrical Transformers of India between 2021 and 2022 were United States ($174M), Netherlands ($109M), and Kuwait ($67.1M).

Imports In 2022, India imported $2.96B in Electrical Transformers, becoming the 13th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 28th most imported product in India. India imports Electrical Transformers primarily from: China ($1.64B), Hong Kong ($217M), Germany ($202M), Singapore ($146M), and Japan ($98.5M).

The fastest growing import markets in Electrical Transformers for India between 2021 and 2022 were China ($159M), Singapore ($45.3M), and Germany ($39.3M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (2), Volvo (2), and Ford Motor Company (1) were at the forefront of shipping Electrical Transformers from India to the United States.

Latest Trends

Oct 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)$2.88B
IMPORTS (2022)$2.96B
NET TRADE (2022)-$78.1M

In 2022, India exported $2.88B in Electrical Transformers. The main destinations of India exports on Electrical Transformers were United States ($944M), Netherlands ($236M), China ($220M), United Kingdom ($123M), and Kuwait ($78.5M).

In 2022, India imported $2.96B in Electrical Transformers, mainly from China ($1.64B), Hong Kong ($217M), Germany ($202M), Singapore ($146M), and Japan ($98.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$174M (22.7%)
Netherlands$109M (86.3%)
Kuwait$67.1M (593%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY India WERE (2021 - 2022):
Turkmenistan-$30.2M (-98.8%)
Nigeria-$13.4M (-25.5%)
Hong Kong-$8.8M (-17.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Electrical Transformers were:
In 2022, India'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+ $405M
TOP IMPORT POTENTIALChina+ $1.08B

Electrical Transformers’s highest export potential is United States. With an export gap of $405M.   Electrical Transformers’s highest import potential is China with an import gap of $1.08B.

See methodology.

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