850110 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Electric motors of an output < 37.5 watts. In 2023, Electric motors of an output < 37.5 watts were the world's 243rd most traded product, with a total trade of $14.4B. Between 2022 and 2023 the exports of Electric motors of an output < 37.5 watts decreased by -14.9%, from $17B to $14.4B. Trade in Electric motors of an output < 37.5 watts represent 0.064% of total world trade.

Electric motors of an output < 37.5 watts are a part of Electric Motors.

Exports In 2023 the top exporters of Electric motors of an output < 37.5 watts  were China ($3.86B), Switzerland ($1.34B), Germany ($1.1B), Vietnam ($796M), and Mexico ($775M).

Imports In 2023 the top importers of Electric motors of an output < 37.5 watts were United States ($2.29B), Germany ($1.28B), China ($1.05B), Mexico ($757M), and Japan ($601M).

Ranking Electric motors of an output < 37.5 watts ranks 1241st in the Product Complexity Index (PCI).

Description The number of applications for motors of this output is practically limited to small appliances in the home. Small appliances such as coffee machines, ovens, irons, and electric blankets use motors of this output. What are the common uses of electric motors of an output > 37.5 watts in a few sentences? The majority of motors of this output are used in machinery. Electric motors of this output are typically used in construction equipment, food processing equipment, mining equipment, and ship propulsion.

Latest Data

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The following visualization shows the latest trends on Electric motors of an output < 37.5 watts. 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$3.86B
Top Destination (2023)United States$2.29B

In 2023 Electric motors of an output < 37.5 watts were the world's 243rd most traded product (out of 4,644).

In 2023, the top exporters of Electric motors of an output < 37.5 watts were China ($3.86B), Switzerland ($1.34B), Germany ($1.1B), Vietnam ($796M), and Mexico ($775M).

In 2023, the top importers of Electric motors of an output < 37.5 watts were United States ($2.29B), Germany ($1.28B), China ($1.05B), Mexico ($757M), and Japan ($601M).

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Exporters of Electric motors of an output < 37.5 watts (2023)
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Importers of Electric motors of an output < 37.5 watts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$89.4M
Top Destination Growth (2022 -  2023)Netherlands$47.4M

Between 2022 and 2023, the exports of Electric motors of an output < 37.5 watts grew the fastest in Switzerland ($89.4M), Czechia ($58.3M), North Macedonia ($54M), Serbia ($51.4M), and Hong Kong ($40.1M).

Between 2022 and 2023, the fastest growing importers of Electric motors of an output < 37.5 watts were Netherlands ($47.4M), Hungary ($33.3M), Canada ($29.3M), Czechia ($29M), and India ($23.5M).

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Exporters of Electric motors of an output < 37.5 watts (2022 - 2023)

Importers of Electric motors of an output < 37.5 watts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric motors of an output < 37.5 watts.

In 2023, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Electric motors of an output < 37.5 watts are explained by 18 countries.

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Value of Exports in Electric motors of an output < 37.5 watts

Net Trade

This map shows which countries export or import more of Electric motors of an output < 37.5 watts. Each country is colored based on the difference in exports and imports of Electric motors of an output < 37.5 watts during 2023.

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric motors of an output < 37.5 watts.
It is possible to select the main countries that export or import Electric motors of an output < 37.5 watts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric motors of an output < 37.5 watts 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 (2023)

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