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Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

85 (Harmonized System 1992 for 2-digit)

2023
World Trade $3.35TRnk 1 / 96
2023
Top Exporter | Top Importer $1.05T | $455BChina | United States
2023
Product Complexity 1.48Rnk 6 / 96
2022 - 2023
Export Growth (CAGR) -2.72%Rnk 33 / 96
2023
Share of World Trade 14.8%Rnk 1 / 96

About

Overview This page contains the latest trade data of Electrical machinery and electronics. In 2023, Electrical machinery and electronics were the world's 1st most traded product, with a total trade of $3.35T. Between 2022 and 2023 the exports of Electrical machinery and electronics decreased by -2.72%, from $3.44T to $3.35T. Trade in Electrical machinery and electronics represent 14.8% of total world trade.

Electrical machinery and electronics are a part of Machines. They include Integrated Circuits, Broadcasting Equipment, Telephones, Insulated Wire, Semiconductor Devices, Low-voltage Protection Equipment, Electrical Transformers, Video Displays, Broadcasting Accessories, and Electric Motors, among others.

Exports In 2023 the top exporters of Electrical machinery and electronics  were China ($1.05T), Chinese Taipei ($287B), South Korea ($208B), Vietnam ($186B), and Germany ($170B).

Imports In 2023 the top importers of Electrical machinery and electronics were United States ($455B), China ($353B), Hong Kong ($341B), Germany ($215B), and Singapore ($127B).

Ranking Electrical machinery and electronics ranks 6th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical machinery and electronics. 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$1.05T
Top Destination (2023)United States$455B

In 2023 Electrical machinery and electronics were the world's 1st most traded product (out of 96).

In 2023, the top exporters of Electrical machinery and electronics were China ($1.05T), Chinese Taipei ($287B), South Korea ($208B), Vietnam ($186B), and Germany ($170B).

In 2023, the top importers of Electrical machinery and electronics were United States ($455B), China ($353B), Hong Kong ($341B), Germany ($215B), and Singapore ($127B).

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Exporters of Electrical machinery and electronics (2023)
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Importers of Electrical machinery and electronics (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$14.8B
Top Destination Growth (2022 -  2023)Germany$15.2B

Between 2022 and 2023, the exports of Electrical machinery and electronics grew the fastest in Vietnam ($14.8B), Germany ($11.2B), India ($10.8B), Hungary ($5.49B), and Mexico ($5.26B).

Between 2022 and 2023, the fastest growing importers of Electrical machinery and electronics were Germany ($15.2B), United Arab Emirates ($13.7B), Mexico ($13.4B), India ($12.7B), and Turkey ($6.51B).

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Exporters of Electrical machinery and electronics (2022 - 2023)

Importers of Electrical machinery and electronics (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical machinery and electronics.

In 2023, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Electrical machinery and electronics are explained by 17 countries.

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Value of Exports in Electrical machinery and electronics

Net Trade

TOP NET EXPORTER (2023)China$698B
TOP NET IMPORTER (2023)Hong Kong$308B

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

In 2023, the countries that had a largest trade value in exports than in imports of Electrical machinery and electronics were China ($698B), Chinese Taipei ($196B), South Korea ($110B), Vietnam ($101B), and Malaysia ($67.6B).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical machinery and electronics were Hong Kong ($308B), United States ($304B), United Kingdom ($48.3B), Germany ($45.1B), and United Arab Emirates ($38.7B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Electrical machinery and electronics, disaggragated by their HS6 level were Integrated Circuits ($910B), Broadcasting Equipment ($619B), Insulated Wire ($161B), Electric Batteries ($159B), and Semiconductor Devices ($155B)

HS6 Disaggregation for Electrical machinery and electronics (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 Electrical machinery and electronics.
It is possible to select the main countries that export or import Electrical machinery and electronics in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical machinery and electronics by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $19.3B
TOP IMPORT POTENTIALVietnam+ $12B

Electrical machinery and electronics’s highest export potential is India. With an export gap of $19.3B.  Electrical machinery and electronics’s highest import potential is Vietnam with an import gap of $12B.

See methodology.

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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)

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