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850300 (Harmonized System 1992 for 6-digit)

2022
World Trade $24.6BRnk 127 / 4648
2022
Top Exporter | Top Importer $6.95B | $3.58BChina | Germany
2022
Product Complexity 0.64Rnk 1390 / 4653
2021 - 2022
Export Growth (CAGR) 5.27%Rnk 2191 / 4648
2022
Share of World Trade 0.1%Rnk 127 / 4648

About

Overview This page contains the latest trade data of Parts for electric motors and generators. In 2022, Parts for electric motors and generators were the world's 127th most traded product, with a total trade of $24.6B. Between 2021 and 2022 the exports of Parts for electric motors and generators grew by 5.27%, from $23.3B to $24.6B. Trade in Parts for electric motors and generators represent 0.1% of total world trade.

Parts for electric motors and generators are a part of Electric Motor Parts.

Exports In 2022 the top exporters of Parts for electric motors and generators  were China ($6.95B), Germany ($2.21B), Japan ($1.62B), Italy ($1.34B), and United States ($1.23B).

Imports In 2022 the top importers of Parts for electric motors and generators were Germany ($3.58B), United States ($3.57B), Mexico ($1.33B), France ($1.08B), and China ($1.03B).

Ranking Parts for electric motors and generators ranks 1390th in the Product Complexity Index (PCI).

Description The core of a generator is called a stator, and the outer ring is called a rotor. When a current is applied to the coils in a generator, the magnetic field created by the current causes the rotor to rotate. The armature of an electric motor is the rotating component. When an electric current is applied to the coils in an electric motor, the magnetic field created by the current causes the armature to rotate.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts for electric motors and generators. 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 (2022)China$6.95B
Top Destination (2022)Germany$3.58B

In 2022 Parts for electric motors and generators were the world's 127th most traded product (out of 4,648).

In 2022, the top exporters of Parts for electric motors and generators were China ($6.95B), Germany ($2.21B), Japan ($1.62B), Italy ($1.34B), and United States ($1.23B).

In 2022, the top importers of Parts for electric motors and generators were Germany ($3.58B), United States ($3.57B), Mexico ($1.33B), France ($1.08B), and China ($1.03B).

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Exporters of Parts for electric motors and generators (2022)
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Importers of Parts for electric motors and generators (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$427M
Top Destination Growth (2021 -  2022)Germany$430M

Between 2021 and 2022, the exports of Parts for electric motors and generators grew the fastest in India ($427M), Italy ($270M), Turkey ($187M), United States ($183M), and Mexico ($141M).

Between 2021 and 2022, the fastest growing importers of Parts for electric motors and generators were Germany ($430M), Mexico ($260M), India ($258M), Finland ($187M), and United States ($184M).

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Exporters of Parts for electric motors and generators (2021 - 2022)

Importers of Parts for electric motors and generators (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts for electric motors and generators.

In 2022, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Parts for electric motors and generators are explained by 19 countries.

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Value of Exports in Parts for electric motors and generators

Net Trade

TOP NET EXPORTER (2022)China$5.92B
TOP NET IMPORTER (2022)United States$2.34B

This map shows which countries export or import more of Parts for electric motors and generators. Each country is colored based on the difference in exports and imports of Parts for electric motors and generators during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts for electric motors and generators were China ($5.92B), Japan ($896M), Italy ($422M), Turkey ($391M), and India ($373M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts for electric motors and generators were United States ($2.34B), Germany ($1.37B), France ($606M), Vietnam ($476M), and Mexico ($327M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts for electric motors and generators.
It is possible to select the main countries that export or import Parts for electric motors and generators in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts for electric motors and generators 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 (2022)

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