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854380 (Harmonized System 1992 for 6-digit)

2022
World Trade $55.7BRnk 55 / 4648
2022
Top Exporter | Top Importer $23.1B | $15.8BChina | United States
2022
Product Complexity 0.82Rnk 1079 / 4653
2021 - 2022
Export Growth (CAGR) 13.1%Rnk 1311 / 4648
2022
Share of World Trade 0.24%Rnk 55 / 4648

About

Overview This page contains the latest trade data of Electrical machines and apparatus, nes. In 2022, Electrical machines and apparatus, nes were the world's 55th most traded product, with a total trade of $55.7B. Between 2021 and 2022 the exports of Electrical machines and apparatus, nes grew by 13.1%, from $49.3B to $55.7B. Trade in Electrical machines and apparatus, nes represent 0.24% of total world trade.

Electrical machines and apparatus, nes are a part of Other Electrical Machinery.

Exports In 2022 the top exporters of Electrical machines and apparatus, nes  were China ($23.1B), Germany ($3.81B), Malaysia ($3.33B), United States ($3.15B), and Indonesia ($2.71B).

Imports In 2022 the top importers of Electrical machines and apparatus, nes were United States ($15.8B), Germany ($3.24B), China ($3.03B), Japan ($2.34B), and Singapore ($2.17B).

Ranking Electrical machines and apparatus, nes ranks 1079th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical machines and apparatus, nes. 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 (2022)China$23.1B
Top Destination (2022)United States$15.8B

In 2022 Electrical machines and apparatus, nes were the world's 55th most traded product (out of 4,648).

In 2022, the top exporters of Electrical machines and apparatus, nes were China ($23.1B), Germany ($3.81B), Malaysia ($3.33B), United States ($3.15B), and Indonesia ($2.71B).

In 2022, the top importers of Electrical machines and apparatus, nes were United States ($15.8B), Germany ($3.24B), China ($3.03B), Japan ($2.34B), and Singapore ($2.17B).

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Exporters of Electrical machines and apparatus, nes (2022)
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Importers of Electrical machines and apparatus, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$2.31B
Top Destination Growth (2021 -  2022)United States$5.56B

Between 2021 and 2022, the exports of Electrical machines and apparatus, nes grew the fastest in Indonesia ($2.31B), China ($1.65B), Malaysia ($1.53B), Thailand ($630M), and Mexico ($599M).

Between 2021 and 2022, the fastest growing importers of Electrical machines and apparatus, nes were United States ($5.56B), Singapore ($1.36B), United Arab Emirates ($521M), Thailand ($374M), and Laos ($248M).

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Exporters of Electrical machines and apparatus, nes (2021 - 2022)

Importers of Electrical machines and apparatus, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical machines and apparatus, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Electrical machines and apparatus, nes are explained by 12 countries.

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Value of Exports in Electrical machines and apparatus, nes

Net Trade

TOP NET EXPORTER (2022)China$20.1B
TOP NET IMPORTER (2022)United States$12.7B

This map shows which countries export or import more of Electrical machines and apparatus, nes. Each country is colored based on the difference in exports and imports of Electrical machines and apparatus, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical machines and apparatus, nes were China ($20.1B), Malaysia ($2.81B), Indonesia ($2.25B), Mexico ($1.37B), and Chinese Taipei ($628M).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical machines and apparatus, nes were United States ($12.7B), Hong Kong ($1.55B), Singapore ($1.33B), United Arab Emirates ($712M), and Netherlands ($708M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Electrical machines and apparatus, nes 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 (2022)

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