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850421 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.26BRnk 1054 / 4644
2023
Top Exporter | Top Importer $493M | $1.13BMexico | United States
2023
Product Complexity -0.43Rnk 3142 / 4656
2022 - 2023
Export Growth (CAGR) 38.5%Rnk 98 / 4644
2023
Share of World Trade 0.014%Rnk 1054 / 4644

About

Overview This page contains the latest trade data of Liquid dielectric transformers < 650 KVA. In 2023, Liquid dielectric transformers < 650 KVA were the world's 1054th most traded product, with a total trade of $3.26B. Between 2022 and 2023 the exports of Liquid dielectric transformers < 650 KVA grew by 38.5%, from $2.36B to $3.26B. Trade in Liquid dielectric transformers < 650 KVA represent 0.014% of total world trade.

Liquid dielectric transformers < 650 KVA are a part of Electrical Transformers.

Exports In 2023 the top exporters of Liquid dielectric transformers < 650 KVA  were Mexico ($493M), China ($335M), Turkey ($284M), South Korea ($261M), and India ($212M).

Imports In 2023 the top importers of Liquid dielectric transformers < 650 KVA were United States ($1.13B), Germany ($187M), United Kingdom ($142M), France ($128M), and Iraq ($79.9M).

Ranking Liquid dielectric transformers < 650 KVA ranks 3142nd in the Product Complexity Index (PCI).

Description Liquid dielectric transformers are often used to power the armature windings of induction motors.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Liquid dielectric transformers < 650 KVA. 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$493M
Top Destination (2023)United States$1.13B

In 2023 Liquid dielectric transformers < 650 KVA were the world's 1054th most traded product (out of 4,644).

In 2023, the top exporters of Liquid dielectric transformers < 650 KVA were Mexico ($493M), China ($335M), Turkey ($284M), South Korea ($261M), and India ($212M).

In 2023, the top importers of Liquid dielectric transformers < 650 KVA were United States ($1.13B), Germany ($187M), United Kingdom ($142M), France ($128M), and Iraq ($79.9M).

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Exporters of Liquid dielectric transformers < 650 KVA (2023)
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Importers of Liquid dielectric transformers < 650 KVA (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$179M
Top Destination Growth (2022 -  2023)United States$541M

Between 2022 and 2023, the exports of Liquid dielectric transformers < 650 KVA grew the fastest in South Korea ($179M), Brazil ($127M), China ($80.8M), Mexico ($74.5M), and Colombia ($59.5M).

Between 2022 and 2023, the fastest growing importers of Liquid dielectric transformers < 650 KVA were United States ($541M), Germany ($72.7M), United Kingdom ($47M), France ($25.3M), and Austria ($24.6M).

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Exporters of Liquid dielectric transformers < 650 KVA (2022 - 2023)

Importers of Liquid dielectric transformers < 650 KVA (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Liquid dielectric transformers < 650 KVA.

In 2023, market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Liquid dielectric transformers < 650 KVA are explained by 23 countries.

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Value of Exports in Liquid dielectric transformers < 650 KVA

Net Trade

TOP NET EXPORTER (2023)Mexico$461M
TOP NET IMPORTER (2023)United States$1.03B

This map shows which countries export or import more of Liquid dielectric transformers < 650 KVA. Each country is colored based on the difference in exports and imports of Liquid dielectric transformers < 650 KVA during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Liquid dielectric transformers < 650 KVA were Mexico ($461M), China ($325M), Turkey ($264M), South Korea ($259M), and India ($206M).

In 2023, the countries that had a largest trade value in imports than in exports of Liquid dielectric transformers < 650 KVA were United States ($1.03B), United Kingdom ($136M), France ($112M), Germany ($108M), and Iraq ($79.3M).

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 Liquid dielectric transformers < 650 KVA.
It is possible to select the main countries that export or import Liquid dielectric transformers < 650 KVA in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Liquid dielectric transformers < 650 KVA 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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