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Electric generating sets and rotary converters

8502 (Harmonized System 1992 for 4-digit)

2023
World Trade $26.7BRnk 169 / 1217
2023
Top Exporter | Top Importer $8.6B | $2.31BChina | United States
2023
Product Complexity 0.29Rnk 458 / 1044
2022 - 2023
Export Growth (CAGR) 3.79%Rnk 289 / 1217
2023
Share of World Trade 0.12%Rnk 169 / 1217

About

Overview This page contains the latest trade data of Electric Generating Sets. In 2023, Electric Generating Sets were the world's 169th most traded product, with a total trade of $26.7B. Between 2022 and 2023 the exports of Electric Generating Sets grew by 3.79%, from $25.7B to $26.7B. Trade in Electric Generating Sets represent 0.12% of total world trade.

Electric Generating Sets are a part of Electrical machinery and electronics. They include Electric generating sets, nes, Generating sets, diesel, output > 375 kVA, Generating sets, with spark ignition engines, Generating sets, diesel, output < 75 kVA, Generating sets, diesel, output 75-375 kVA, and Electric rotary converters.

Exports In 2023 the top exporters of Electric Generating Sets  were China ($8.6B), Germany ($2.94B), United States ($2.5B), France ($1.08B), and Denmark ($1.06B).

Imports In 2023 the top importers of Electric Generating Sets were United States ($2.31B), Canada ($1.34B), United Kingdom ($1.3B), Turkey ($838M), and Netherlands ($764M).

Ranking Electric Generating Sets ranks 458th in the Product Complexity Index (PCI).

Description Electric generating sets are used to produce electricity. They are usually powered by a combustion engine, but can also be powered by other sources of energy. Rotary converters are used to convert one form of energy into another.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric Generating Sets. 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$8.6B
Top Destination (2023)United States$2.31B

In 2023 Electric Generating Sets were the world's 169th most traded product (out of 1,217).

In 2023, the top exporters of Electric Generating Sets were China ($8.6B), Germany ($2.94B), United States ($2.5B), France ($1.08B), and Denmark ($1.06B).

In 2023, the top importers of Electric Generating Sets were United States ($2.31B), Canada ($1.34B), United Kingdom ($1.3B), Turkey ($838M), and Netherlands ($764M).

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Exporters of Electric Generating Sets (2023)
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Importers of Electric Generating Sets (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$595M
Top Destination Growth (2022 -  2023)South Africa$375M

Between 2022 and 2023, the exports of Electric Generating Sets grew the fastest in France ($595M), Germany ($377M), United States ($374M), Sweden ($127M), and United Kingdom ($104M).

Between 2022 and 2023, the fastest growing importers of Electric Generating Sets were South Africa ($375M), United Kingdom ($369M), Turkey ($362M), Brazil ($314M), and Kazakhstan ($283M).

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Exporters of Electric Generating Sets (2022 - 2023)

Importers of Electric Generating Sets (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric Generating Sets.

In 2023, market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Electric Generating Sets are explained by 15 countries.

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Value of Exports in Electric Generating Sets

Net Trade

TOP NET EXPORTER (2023)China$7.88B
TOP NET IMPORTER (2023)Canada$1.23B

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

In 2023, the countries that had a largest trade value in exports than in imports of Electric Generating Sets were China ($7.88B), Germany ($2.18B), Denmark ($960M), India ($779M), and Spain ($583M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric Generating Sets were Canada ($1.23B), Chile ($704M), Ukraine ($690M), Indonesia ($584M), and Netherlands ($554M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electric Generating Sets, disaggragated by their HS6 level were Electric generating sets, nes ($9.98B), Generating sets, diesel, output > 375... ($6.41B), Generating sets, with spark ignition engines ($4.95B), Generating sets, diesel, output < 75... ($2.93B), and Generating sets, diesel, output 75-375 kVA ($2.27B)

HS6 Disaggregation for Electric Generating Sets (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 Generating Sets.
It is possible to select the main countries that export or import Electric Generating Sets in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric Generating Sets by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $117M
TOP IMPORT POTENTIALGermany+ $34.6M

Electric Generating Sets’s highest export potential is United States. With an export gap of $117M.  Electric Generating Sets’s highest import potential is Germany with an import gap of $34.6M.

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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 Generating Sets.

Country by Relatedness

The following visualization shows the relatedness of Electric Generating Sets 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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