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853641 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.83BRnk 755 / 4644
2023
Top Exporter | Top Importer $1.25B | $543MChina | United States
2023
Product Complexity 0.6Rnk 1480 / 4656
2022 - 2023
Export Growth (CAGR) -5.91%Rnk 2195 / 4644
2023
Share of World Trade 0.021%Rnk 755 / 4644

About

Overview This page contains the latest trade data of Electrical relays for < 60 volts. In 2023, Electrical relays for < 60 volts were the world's 755th most traded product, with a total trade of $4.83B. Between 2022 and 2023 the exports of Electrical relays for < 60 volts decreased by -5.91%, from $5.14B to $4.83B. Trade in Electrical relays for < 60 volts represent 0.021% of total world trade.

Electrical relays for < 60 volts are a part of Low-voltage Protection Equipment.

Exports In 2023 the top exporters of Electrical relays for < 60 volts  were China ($1.25B), Japan ($615M), Germany ($503M), United States ($300M), and France ($229M).

Imports In 2023 the top importers of Electrical relays for < 60 volts were United States ($543M), Germany ($509M), Mexico ($491M), China ($324M), and South Korea ($207M).

Ranking Electrical relays for < 60 volts ranks 1480th in the Product Complexity Index (PCI).

Description Electrical relays can be used anywhere an electrical circuit needs to be switched on and off or to control an electrical circuit. They are most commonly used in home appliances and household electronics.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electrical relays for < 60 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 (2023)China$1.25B
Top Destination (2023)United States$543M

In 2023 Electrical relays for < 60 volts were the world's 755th most traded product (out of 4,644).

In 2023, the top exporters of Electrical relays for < 60 volts were China ($1.25B), Japan ($615M), Germany ($503M), United States ($300M), and France ($229M).

In 2023, the top importers of Electrical relays for < 60 volts were United States ($543M), Germany ($509M), Mexico ($491M), China ($324M), and South Korea ($207M).

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Exporters of Electrical relays for < 60 volts (2023)
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Importers of Electrical relays for < 60 volts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$30.8M
Top Destination Growth (2022 -  2023)Slovakia$29.2M

Between 2022 and 2023, the exports of Electrical relays for < 60 volts grew the fastest in United States ($30.8M), France ($24.9M), Portugal ($19.5M), Germany ($18.1M), and Czechia ($11.9M).

Between 2022 and 2023, the fastest growing importers of Electrical relays for < 60 volts were Slovakia ($29.2M), Netherlands ($23.5M), Poland ($15.6M), Czechia ($12.7M), and Belgium ($11M).

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Exporters of Electrical relays for < 60 volts (2022 - 2023)

Importers of Electrical relays for < 60 volts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical relays for < 60 volts.

In 2023, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Electrical relays for < 60 volts are explained by 17 countries.

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Value of Exports in Electrical relays for < 60 volts

Net Trade

TOP NET EXPORTER (2023)China$926M
TOP NET IMPORTER (2023)Mexico$352M

This map shows which countries export or import more of Electrical relays for < 60 volts. Each country is colored based on the difference in exports and imports of Electrical relays for < 60 volts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical relays for < 60 volts were China ($926M), Japan ($421M), Portugal ($167M), Philippines ($115M), and France ($99M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical relays for < 60 volts were Mexico ($352M), United States ($244M), Hong Kong ($159M), Netherlands ($102M), and Slovakia ($76.5M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical relays for < 60 volts.
It is possible to select the main countries that export or import Electrical relays for < 60 volts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical relays for < 60 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 (2023)

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