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854419 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.21BRnk 1892 / 4644
2023
Top Exporter | Top Importer $451M | $59.7MChina | India
2023
Product Complexity -0.69Rnk 3485 / 4656
2022 - 2023
Export Growth (CAGR) -9.64%Rnk 2659 / 4644
2023
Share of World Trade 0.0054%Rnk 1892 / 4644

About

Overview This page contains the latest trade data of Insulated winding wire, nes. In 2023, Insulated winding wire, nes were the world's 1892nd most traded product, with a total trade of $1.21B. Between 2022 and 2023 the exports of Insulated winding wire, nes decreased by -9.64%, from $1.34B to $1.21B. Trade in Insulated winding wire, nes represent 0.0054% of total world trade.

Insulated winding wire, nes are a part of Insulated Wire.

Exports In 2023 the top exporters of Insulated winding wire, nes  were China ($451M), United States ($82.7M), India ($73.5M), Italy ($55.6M), and South Korea ($44.5M).

Imports In 2023 the top importers of Insulated winding wire, nes were India ($59.7M), Mexico ($57.6M), Japan ($57.4M), Philippines ($56.4M), and Thailand ($55.8M).

Ranking Insulated winding wire, nes ranks 3485th in the Product Complexity Index (PCI).

Description Insulated winding wire is used in transformers, motors, and other electrical equipment to provide a path for the electric current and to reduce the power losses.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insulated winding wire, 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 (2023)China$451M
Top Destination (2023)India$59.7M

In 2023 Insulated winding wire, nes were the world's 1892nd most traded product (out of 4,644).

In 2023, the top exporters of Insulated winding wire, nes were China ($451M), United States ($82.7M), India ($73.5M), Italy ($55.6M), and South Korea ($44.5M).

In 2023, the top importers of Insulated winding wire, nes were India ($59.7M), Mexico ($57.6M), Japan ($57.4M), Philippines ($56.4M), and Thailand ($55.8M).

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Exporters of Insulated winding wire, nes (2023)
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Importers of Insulated winding wire, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Morocco$11.1M
Top Destination Growth (2022 -  2023)United States$15M

Between 2022 and 2023, the exports of Insulated winding wire, nes grew the fastest in Morocco ($11.1M), Mexico ($10.5M), Poland ($4.55M), Egypt ($4.3M), and United States ($4.08M).

Between 2022 and 2023, the fastest growing importers of Insulated winding wire, nes were United States ($15M), Poland ($11.6M), Sweden ($10.8M), Turkey ($10.5M), and Mexico ($10.2M).

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Exporters of Insulated winding wire, nes (2022 - 2023)

Importers of Insulated winding wire, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insulated winding wire, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Insulated winding wire, nes are explained by 16 countries.

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Value of Exports in Insulated winding wire, nes

Net Trade

TOP NET EXPORTER (2023)China$428M
TOP NET IMPORTER (2023)Philippines$50.2M

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

In 2023, the countries that had a largest trade value in exports than in imports of Insulated winding wire, nes were China ($428M), United States ($32M), Italy ($30.9M), South Korea ($23.2M), and Morocco ($18.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Insulated winding wire, nes were Philippines ($50.2M), Mexico ($34.8M), United Arab Emirates ($34.5M), Thailand ($32.2M), and Poland ($30.5M).

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 Insulated winding wire, nes.
It is possible to select the main countries that export or import Insulated winding wire, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Insulated winding wire, 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 (2023)

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