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850450 (Harmonized System 1992 for 6-digit)

2023
World Trade $12.9BRnk 275 / 4644
2023
Top Exporter | Top Importer $4.28B | $1.69BChina | Hong Kong
2023
Product Complexity 0.64Rnk 1396 / 4656
2022 - 2023
Export Growth (CAGR) -4.54%Rnk 2048 / 4644
2023
Share of World Trade 0.057%Rnk 275 / 4644

About

Overview This page contains the latest trade data of Inductors, electric. In 2023, Inductors, electric were the world's 275th most traded product, with a total trade of $12.9B. Between 2022 and 2023 the exports of Inductors, electric decreased by -4.54%, from $13.5B to $12.9B. Trade in Inductors, electric represent 0.057% of total world trade.

Inductors, electric are a part of Electrical Transformers.

Exports In 2023 the top exporters of Inductors, electric  were China ($4.28B), Japan ($1.68B), Germany ($969M), Philippines ($838M), and Vietnam ($690M).

Imports In 2023 the top importers of Inductors, electric were Hong Kong ($1.69B), China ($1.5B), Germany ($1.38B), United States ($852M), and Mexico ($544M).

Ranking Inductors, electric ranks 1396th in the Product Complexity Index (PCI).

Description An inductor is a circuit element that is designed to store and release energy in the form of a magnetic field when a current passes through it. This is done by inducing an electric current in the circuit with a changing magnetic field. An inductor can be used to limit current in a circuit, to filter out AC from a DC current or to keep a current from changing too rapidly.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Inductors, electric. 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$4.28B
Top Destination (2023)Hong Kong$1.69B

In 2023 Inductors, electric were the world's 275th most traded product (out of 4,644).

In 2023, the top exporters of Inductors, electric were China ($4.28B), Japan ($1.68B), Germany ($969M), Philippines ($838M), and Vietnam ($690M).

In 2023, the top importers of Inductors, electric were Hong Kong ($1.69B), China ($1.5B), Germany ($1.38B), United States ($852M), and Mexico ($544M).

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Exporters of Inductors, electric (2023)
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Importers of Inductors, electric (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$104M
Top Destination Growth (2022 -  2023)Netherlands$49.2M

Between 2022 and 2023, the exports of Inductors, electric grew the fastest in Vietnam ($104M), Mexico ($59.4M), Poland ($56.2M), Singapore ($49M), and Austria ($45.4M).

Between 2022 and 2023, the fastest growing importers of Inductors, electric were Netherlands ($49.2M), Saudi Arabia ($48.9M), United States ($43.5M), India ($41.8M), and Malaysia ($40.4M).

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Exporters of Inductors, electric (2022 - 2023)

Importers of Inductors, electric (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Inductors, electric.

In 2023, market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Inductors, electric are explained by 14 countries.

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Value of Exports in Inductors, electric

Net Trade

TOP NET EXPORTER (2023)China$2.78B
TOP NET IMPORTER (2023)Hong Kong$1.48B

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

In 2023, the countries that had a largest trade value in exports than in imports of Inductors, electric were China ($2.78B), Japan ($1.22B), Philippines ($770M), Vietnam ($240M), and Indonesia ($85.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Inductors, electric were Hong Kong ($1.48B), United States ($551M), Germany ($410M), India ($350M), and Mexico ($327M).

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 Inductors, electric.
It is possible to select the main countries that export or import Inductors, electric in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Inductors, electric 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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