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854370 (Harmonized System 2007 for 6-digit)

2023
World Trade $52.3BRnk 60 / 5026
2023
Top Exporter | Top Importer $17.1B | $15.9BChina | United States
2023
Product Complexity 1.06Rnk 747 / 5035
2022 - 2023
Export Growth (CAGR) -7.75%Rnk 2655 / 5026
2023
Share of World Trade 0.23%Rnk 60 / 5026

About

Overview This page contains the latest trade data of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543. In 2023, Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were the world's 60th most traded product, with a total trade of $52.3B. Between 2022 and 2023 the exports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 decreased by -7.75%, from $56.7B to $52.3B. Trade in Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 represent 0.23% of total world trade.

Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 are a part of Electrical machines and apparatus; having individual functions, not specified or included elsewhere....

Exports In 2023 the top exporters of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543  were China ($17.1B), Mexico ($4.33B), Germany ($3.91B), United States ($3.9B), and Malaysia ($3.16B).

Imports In 2023 the top importers of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were United States ($15.9B), Germany ($3.51B), China ($2.77B), Japan ($2.1B), and Mexico ($1.75B).

Ranking Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 ranks 747th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543. 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$17.1B
Top Destination (2023)United States$15.9B

In 2023 Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were the world's 60th most traded product (out of 5,026).

In 2023, the top exporters of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were China ($17.1B), Mexico ($4.33B), Germany ($3.91B), United States ($3.9B), and Malaysia ($3.16B).

In 2023, the top importers of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were United States ($15.9B), Germany ($3.51B), China ($2.77B), Japan ($2.1B), and Mexico ($1.75B).

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Exporters of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 (2023)
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Importers of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$908M
Top Destination Growth (2022 -  2023)Mexico$369M

Between 2022 and 2023, the exports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 grew the fastest in Mexico ($908M), United States ($399M), Poland ($219M), Germany ($200M), and Thailand ($159M).

Between 2022 and 2023, the fastest growing importers of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were Mexico ($369M), Malaysia ($137M), Vietnam ($124M), Indonesia ($105M), and Turkey ($104M).

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Exporters of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 (2022 - 2023)

Importers of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 are explained by 15 countries.

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Value of Exports in Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543

Net Trade

TOP NET EXPORTER (2023)China$14.3B
TOP NET IMPORTER (2023)United States$12B

This map shows which countries export or import more of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543. Each country is colored based on the difference in exports and imports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were China ($14.3B), Mexico ($2.58B), Malaysia ($2.51B), Indonesia ($1.95B), and Chinese Taipei ($732M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 were United States ($12B), Hong Kong ($1.05B), Netherlands ($997M), Singapore ($991M), and Canada ($615M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543.
It is possible to select the main countries that export or import Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical machines and apparatus: having individual functions, not specified or included elsewhere in this chapter, n.e.c. in heading no. 8543 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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