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Electric accumulators, including separators therefor; whether or not rectangular (including square)

8507 (Harmonized System 1992 for 4-digit)

2023
World Trade $159BRnk 20 / 1217
2023
Top Exporter | Top Importer $80B | $29BChina | Germany
2023
Product Complexity 1.48Rnk 48 / 1044
2022 - 2023
Export Growth (CAGR) 22.1%Rnk 53 / 1217
2023
Share of World Trade 0.7%Rnk 20 / 1217

About

Overview This page contains the latest trade data of Electric Batteries. In 2023, Electric Batteries were the world's 20th most traded product, with a total trade of $159B. Between 2022 and 2023 the exports of Electric Batteries grew by 22.1%, from $130B to $159B. Trade in Electric Batteries represent 0.7% of total world trade.

Electric Batteries are a part of Electrical machinery and electronics. They include Electric accumulators, nes, Lead-acid electric accumulators (vehicle), Lead-acid electric accumulators except for vehicles, Parts of electric accumulators, including separators, Nickel-cadmium electric accumulators, and Nickel-iron electric accumulators.

Exports In 2023 the top exporters of Electric Batteries  were China ($80B), Poland ($12.7B), South Korea ($10B), Hungary ($9.89B), and Germany ($8.74B).

Imports In 2023 the top importers of Electric Batteries were Germany ($29B), United States ($26.7B), South Korea ($9.39B), Czechia ($5.96B), and Netherlands ($5.31B).

Ranking Electric Batteries ranks 48th in the Product Complexity Index (PCI).

Description Electric accumulators are used to store electricity for use in electrical devices. They can be made from a variety of materials, including lead acid, nickel cadmium, and lithium ion.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric Batteries. 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$80B
Top Destination (2023)Germany$29B

In 2023 Electric Batteries were the world's 20th most traded product (out of 1,217).

In 2023, the top exporters of Electric Batteries were China ($80B), Poland ($12.7B), South Korea ($10B), Hungary ($9.89B), and Germany ($8.74B).

In 2023, the top importers of Electric Batteries were Germany ($29B), United States ($26.7B), South Korea ($9.39B), Czechia ($5.96B), and Netherlands ($5.31B).

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Exporters of Electric Batteries (2023)
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Importers of Electric Batteries (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$19.6B
Top Destination Growth (2022 -  2023)Germany$9.74B

Between 2022 and 2023, the exports of Electric Batteries grew the fastest in China ($19.6B), Hungary ($4.35B), Poland ($2.68B), United States ($1.52B), and Czechia ($1.22B).

Between 2022 and 2023, the fastest growing importers of Electric Batteries were Germany ($9.74B), United States ($3.77B), South Korea ($3.27B), Czechia ($1.63B), and Mexico ($1.58B).

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Exporters of Electric Batteries (2022 - 2023)

Importers of Electric Batteries (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Electric Batteries are explained by 8 countries.

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Value of Exports in Electric Batteries

Net Trade

TOP NET EXPORTER (2023)China$77.2B
TOP NET IMPORTER (2023)United States$21.6B

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

In 2023, the countries that had a largest trade value in exports than in imports of Electric Batteries were China ($77.2B), Poland ($9.06B), Hungary ($7.41B), Malaysia ($1.08B), and Japan ($725M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric Batteries were United States ($21.6B), Germany ($20.3B), Netherlands ($4.26B), United Kingdom ($3.68B), and Italy ($3.53B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electric Batteries, disaggragated by their HS6 level were Electric accumulators, nes ($128B), Lead-acid electric accumulators (vehicle) ($12B), Parts of electric accumulators, including separators ($9.12B), Lead-acid electric accumulators except for vehicles ($8.36B), and Nickel-cadmium electric accumulators ($800M)

HS6 Disaggregation for Electric Batteries (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Electric Batteries by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.2B
TOP IMPORT POTENTIALSouth Korea+ $271M

Electric Batteries’s highest export potential is India. With an export gap of $1.2B.  Electric Batteries’s highest import potential is South Korea with an import gap of $271M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Electric Batteries.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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