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851150 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.06BRnk 595 / 4644
2023
Top Exporter | Top Importer $899M | $1.41BMexico | United States
2023
Product Complexity 1.13Rnk 579 / 4656
2022 - 2023
Export Growth (CAGR) 7.06%Rnk 867 / 4644
2023
Share of World Trade 0.027%Rnk 595 / 4644

About

Overview This page contains the latest trade data of Generators and alternators. In 2023, Generators and alternators were the world's 595th most traded product, with a total trade of $6.06B. Between 2022 and 2023 the exports of Generators and alternators grew by 7.06%, from $5.66B to $6.06B. Trade in Generators and alternators represent 0.027% of total world trade.

Generators and alternators are a part of Electrical Ignitions.

Exports In 2023 the top exporters of Generators and alternators  were Mexico ($899M), France ($876M), China ($735M), Japan ($543M), and United States ($541M).

Imports In 2023 the top importers of Generators and alternators were United States ($1.41B), Germany ($744M), Mexico ($435M), China ($297M), and France ($254M).

Ranking Generators and alternators ranks 579th in the Product Complexity Index (PCI).

Description A generator is an electric device that converts mechanical energy into electrical energy. A typical generator is driven by a motor, usually diesel, gas, or steam. Alternators are used in automobiles to produce electrical power. They are typically driven by the engine and produce alternating current.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Generators and alternators. 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)Mexico$899M
Top Destination (2023)United States$1.41B

In 2023 Generators and alternators were the world's 595th most traded product (out of 4,644).

In 2023, the top exporters of Generators and alternators were Mexico ($899M), France ($876M), China ($735M), Japan ($543M), and United States ($541M).

In 2023, the top importers of Generators and alternators were United States ($1.41B), Germany ($744M), Mexico ($435M), China ($297M), and France ($254M).

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Exporters of Generators and alternators (2023)
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Importers of Generators and alternators (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$88.9M
Top Destination Growth (2022 -  2023)Spain$77M

Between 2022 and 2023, the exports of Generators and alternators grew the fastest in France ($88.9M), Mexico ($76M), Italy ($46.9M), Spain ($45M), and United States ($43M).

Between 2022 and 2023, the fastest growing importers of Generators and alternators were Spain ($77M), Hungary ($63.2M), France ($49.6M), United States ($48.9M), and Japan ($46.9M).

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Exporters of Generators and alternators (2022 - 2023)

Importers of Generators and alternators (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Generators and alternators.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Generators and alternators are explained by 16 countries.

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Value of Exports in Generators and alternators

Net Trade

TOP NET EXPORTER (2023)France$621M
TOP NET IMPORTER (2023)United States$867M

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

In 2023, the countries that had a largest trade value in exports than in imports of Generators and alternators were France ($621M), Mexico ($464M), China ($438M), Japan ($391M), and Spain ($132M).

In 2023, the countries that had a largest trade value in imports than in exports of Generators and alternators were United States ($867M), Germany ($366M), Canada ($174M), United Kingdom ($138M), and Slovakia ($84.6M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Generators and alternators 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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