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853649 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.68BRnk 677 / 4648
2022
Top Exporter | Top Importer $979M | $641MChina | United States
2022
Product Complexity 0.4Rnk 1818 / 4653
2021 - 2022
Export Growth (CAGR) 5.04%Rnk 2227 / 4648
2022
Share of World Trade 0.024%Rnk 677 / 4648

About

Overview This page contains the latest trade data of Electrical relays for 60 - 1,000 volts. In 2022, Electrical relays for 60 - 1,000 volts were the world's 677th most traded product, with a total trade of $5.68B. Between 2021 and 2022 the exports of Electrical relays for 60 - 1,000 volts grew by 5.04%, from $5.4B to $5.68B. Trade in Electrical relays for 60 - 1,000 volts represent 0.024% of total world trade.

Electrical relays for 60 - 1,000 volts are a part of Low-voltage Protection Equipment.

Exports In 2022 the top exporters of Electrical relays for 60 - 1,000 volts  were China ($979M), Germany ($899M), France ($399M), United States ($374M), and Czechia ($367M).

Imports In 2022 the top importers of Electrical relays for 60 - 1,000 volts were United States ($641M), Germany ($506M), China ($329M), Italy ($273M), and Netherlands ($216M).

Ranking Electrical relays for 60 - 1,000 volts ranks 1818th in the Product Complexity Index (PCI).

Description Relays are used for controlling power, such as turning a light on or off, or even to turn an entire factory on or off by pressing a button on a computer.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical relays for 60 - 1,000 volts. 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$979M
Top Destination (2022)United States$641M

In 2022 Electrical relays for 60 - 1,000 volts were the world's 677th most traded product (out of 4,648).

In 2022, the top exporters of Electrical relays for 60 - 1,000 volts were China ($979M), Germany ($899M), France ($399M), United States ($374M), and Czechia ($367M).

In 2022, the top importers of Electrical relays for 60 - 1,000 volts were United States ($641M), Germany ($506M), China ($329M), Italy ($273M), and Netherlands ($216M).

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Exporters of Electrical relays for 60 - 1,000 volts (2022)
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Importers of Electrical relays for 60 - 1,000 volts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$121M
Top Destination Growth (2021 -  2022)United States$97M

Between 2021 and 2022, the exports of Electrical relays for 60 - 1,000 volts grew the fastest in China ($121M), Mexico ($51.6M), United States ($28.7M), Indonesia ($28.3M), and Czechia ($24.4M).

Between 2021 and 2022, the fastest growing importers of Electrical relays for 60 - 1,000 volts were United States ($97M), Germany ($37M), Mexico ($35.7M), Italy ($34.4M), and India ($30.1M).

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Exporters of Electrical relays for 60 - 1,000 volts (2021 - 2022)

Importers of Electrical relays for 60 - 1,000 volts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical relays for 60 - 1,000 volts.

In 2022, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Electrical relays for 60 - 1,000 volts are explained by 23 countries.

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Value of Exports in Electrical relays for 60 - 1,000 volts

Net Trade

TOP NET EXPORTER (2022)China$651M
TOP NET IMPORTER (2022)United States$267M

This map shows which countries export or import more of Electrical relays for 60 - 1,000 volts. Each country is colored based on the difference in exports and imports of Electrical relays for 60 - 1,000 volts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical relays for 60 - 1,000 volts were China ($651M), Germany ($393M), Czechia ($207M), France ($191M), and Indonesia ($133M).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical relays for 60 - 1,000 volts were United States ($267M), Hong Kong ($118M), Italy ($93.2M), Netherlands ($82.4M), and India ($79M).

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 relays for 60 - 1,000 volts.
It is possible to select the main countries that export or import Electrical relays for 60 - 1,000 volts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical relays for 60 - 1,000 volts 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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