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854389 (Harmonized System 1996 for 6-digit)

2023
World Trade $47.4BRnk 64 / 4766
2023
Top Exporter | Top Importer $14B | $15.2BChina | United States
2023
Product Complexity 1.17Rnk 519 / 4780
2022 - 2023
Export Growth (CAGR) -8.37%Rnk 2590 / 4766
2023
Share of World Trade 0.21%Rnk 64 / 4766

About

Overview This page contains the latest trade data of Miscellaneous Electrical Machines/Apparatus. In 2023, Miscellaneous Electrical Machines/Apparatus were the world's 64th most traded product, with a total trade of $47.4B. Between 2022 and 2023 the exports of Miscellaneous Electrical Machines/Apparatus decreased by -8.37%, from $51.7B to $47.4B. Trade in Miscellaneous Electrical Machines/Apparatus represent 0.21% of total world trade.

Miscellaneous Electrical Machines/Apparatus are a part of Electrical machines and apparatus; having individual functions, not specified or included elsewhere....

Exports In 2023 the top exporters of Miscellaneous Electrical Machines/Apparatus  were China ($14B), Mexico ($4.33B), United States ($3.88B), Germany ($3.46B), and Malaysia ($2.58B).

Imports In 2023 the top importers of Miscellaneous Electrical Machines/Apparatus were United States ($15.2B), Germany ($2.8B), China ($2.68B), Mexico ($1.71B), and Japan ($1.6B).

Ranking Miscellaneous Electrical Machines/Apparatus ranks 519th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Miscellaneous Electrical Machines/Apparatus. 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$14B
Top Destination (2023)United States$15.2B

In 2023 Miscellaneous Electrical Machines/Apparatus were the world's 64th most traded product (out of 4,766).

In 2023, the top exporters of Miscellaneous Electrical Machines/Apparatus were China ($14B), Mexico ($4.33B), United States ($3.88B), Germany ($3.46B), and Malaysia ($2.58B).

In 2023, the top importers of Miscellaneous Electrical Machines/Apparatus were United States ($15.2B), Germany ($2.8B), China ($2.68B), Mexico ($1.71B), and Japan ($1.6B).

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Exporters of Miscellaneous Electrical Machines/Apparatus (2023)
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Importers of Miscellaneous Electrical Machines/Apparatus (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$986M
Top Destination Growth (2022 -  2023)Mexico$379M

Between 2022 and 2023, the exports of Miscellaneous Electrical Machines/Apparatus grew the fastest in Mexico ($986M), United States ($281M), Germany ($224M), Sweden ($193M), and Vietnam ($144M).

Between 2022 and 2023, the fastest growing importers of Miscellaneous Electrical Machines/Apparatus were Mexico ($379M), Germany ($220M), Netherlands ($114M), Turkey ($109M), and Indonesia ($81.1M).

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Exporters of Miscellaneous Electrical Machines/Apparatus (2022 - 2023)

Importers of Miscellaneous Electrical Machines/Apparatus (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Miscellaneous Electrical Machines/Apparatus.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Miscellaneous Electrical Machines/Apparatus are explained by 16 countries.

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Value of Exports in Miscellaneous Electrical Machines/Apparatus

Net Trade

TOP NET EXPORTER (2023)China$11.3B
TOP NET IMPORTER (2023)United States$11.4B

This map shows which countries export or import more of Miscellaneous Electrical Machines/Apparatus. Each country is colored based on the difference in exports and imports of Miscellaneous Electrical Machines/Apparatus during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Miscellaneous Electrical Machines/Apparatus were China ($11.3B), Mexico ($2.62B), Malaysia ($2.26B), Indonesia ($1.89B), and Japan ($924M).

In 2023, the countries that had a largest trade value in imports than in exports of Miscellaneous Electrical Machines/Apparatus were United States ($11.4B), Hong Kong ($1.04B), Singapore ($993M), Netherlands ($982M), and Canada ($532M).

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 Miscellaneous Electrical Machines/Apparatus.
It is possible to select the main countries that export or import Miscellaneous Electrical Machines/Apparatus in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Miscellaneous Electrical Machines/Apparatus 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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