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Pricing

Electrical machines and apparatus; having individual functions, not specified or included elsewhere in this chapter

8543 (Harmonized System 1992 for 4-digit)

2023
World Trade $64.3BRnk 59 / 1217
2023
Top Exporter | Top Importer $20.3B | $17.6BChina | United States
2023
Product Complexity 1.23Rnk 96 / 1044
2022 - 2023
Export Growth (CAGR) -7.87%Rnk 671 / 1217
2023
Share of World Trade 0.28%Rnk 59 / 1217

About

Overview This page contains the latest trade data of Other Electrical Machinery. In 2023, Other Electrical Machinery were the world's 59th most traded product, with a total trade of $64.3B. Between 2022 and 2023 the exports of Other Electrical Machinery decreased by -7.87%, from $69.8B to $64.3B. Trade in Other Electrical Machinery represent 0.28% of total world trade.

Other Electrical Machinery are a part of Electrical machinery and electronics. They include Other Electrical Machines & Apparatus, Parts of electrical machines and apparatus nes, Apparatus for electro-plating, electrolysis, etc, Signal generators, and Particle accelerators.

Exports In 2023 the top exporters of Other Electrical Machinery  were China ($20.3B), United States ($5.26B), Germany ($4.99B), Mexico ($4.56B), and Japan ($3.76B).

Imports In 2023 the top importers of Other Electrical Machinery were United States ($17.6B), Germany ($4.08B), China ($3.85B), Japan ($2.53B), and Singapore ($2.33B).

Ranking Other Electrical Machinery ranks 96th in the Product Complexity Index (PCI).

Description Electrical machines and apparatus are used to produce electricity. They can be made from a variety of materials, including copper, aluminum, steel, and plastic.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Other Electrical Machinery. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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$20.3B
Top Destination (2023)United States$17.6B

In 2023 Other Electrical Machinery were the world's 59th most traded product (out of 1,217).

In 2023, the top exporters of Other Electrical Machinery were China ($20.3B), United States ($5.26B), Germany ($4.99B), Mexico ($4.56B), and Japan ($3.76B).

In 2023, the top importers of Other Electrical Machinery were United States ($17.6B), Germany ($4.08B), China ($3.85B), Japan ($2.53B), and Singapore ($2.33B).

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Exporters of Other Electrical Machinery (2023)
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Importers of Other Electrical Machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$1.02B
Top Destination Growth (2022 -  2023)Malaysia$492M

Between 2022 and 2023, the exports of Other Electrical Machinery grew the fastest in Mexico ($1.02B), United States ($431M), Germany ($320M), Sweden ($208M), and Poland ($199M).

Between 2022 and 2023, the fastest growing importers of Other Electrical Machinery were Malaysia ($492M), Mexico ($328M), Germany ($236M), Poland ($175M), and Turkey ($144M).

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Exporters of Other Electrical Machinery (2022 - 2023)

Importers of Other Electrical Machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Electrical Machinery.

In 2023, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Other Electrical Machinery are explained by 16 countries.

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Value of Exports in Other Electrical Machinery

Net Trade

TOP NET EXPORTER (2023)China$16.5B
TOP NET IMPORTER (2023)United States$12.3B

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

In 2023, the countries that had a largest trade value in exports than in imports of Other Electrical Machinery were China ($16.5B), Mexico ($2.48B), Malaysia ($2.29B), Indonesia ($2.01B), and Japan ($1.23B).

In 2023, the countries that had a largest trade value in imports than in exports of Other Electrical Machinery were United States ($12.3B), Singapore ($1.66B), Hong Kong ($1.45B), Netherlands ($965M), and Russia ($871M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Electrical Machinery, disaggragated by their HS6 level were Other Electrical Machines & Apparatus ($51.9B), Parts of electrical machines and apparatus... ($8.64B), Apparatus for electro-plating, electrolysis, etc ($1.77B), Signal generators ($1.66B), and Particle accelerators ($327M)

HS6 Disaggregation for Other Electrical Machinery (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Other Electrical Machinery by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $470M
TOP IMPORT POTENTIALMalaysia+ $119M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $470M.  Other Electrical Machinery’s highest import potential is Malaysia with an import gap of $119M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Electrical Machinery.

Country by Relatedness

The following visualization shows the relatedness of Other Electrical Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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