NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

850300 (Harmonized System 1992 for 6-digit)

2023
World Trade $24.7BRnk 127 / 4644
2023
Top Exporter | Top Importer $6.05B | $4.04BChina | Germany
2023
Product Complexity 0.69Rnk 1298 / 4656
2022 - 2023
Export Growth (CAGR) -0.13%Rnk 1566 / 4644
2023
Share of World Trade 0.11%Rnk 127 / 4644

About

Overview This page contains the latest trade data of Parts for electric motors and generators. In 2023, Parts for electric motors and generators were the world's 127th most traded product, with a total trade of $24.7B. Between 2022 and 2023 the exports of Parts for electric motors and generators decreased by -0.13%, from $24.7B to $24.7B. Trade in Parts for electric motors and generators represent 0.11% of total world trade.

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

Exports In 2023 the top exporters of Parts for electric motors and generators  were China ($6.05B), Germany ($2.67B), Japan ($1.75B), United States ($1.49B), and Italy ($1.25B).

Imports In 2023 the top importers of Parts for electric motors and generators were Germany ($4.04B), United States ($3.28B), France ($1.37B), Mexico ($1.36B), and Italy ($960M).

Ranking Parts for electric motors and generators ranks 1298th 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

View
Flow
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.

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$6.05B
Top Destination (2023)Germany$4.04B

In 2023 Parts for electric motors and generators were the world's 127th most traded product (out of 4,644).

In 2023, the top exporters of Parts for electric motors and generators were China ($6.05B), Germany ($2.67B), Japan ($1.75B), United States ($1.49B), and Italy ($1.25B).

In 2023, the top importers of Parts for electric motors and generators were Germany ($4.04B), United States ($3.28B), France ($1.37B), Mexico ($1.36B), and Italy ($960M).

Explore Visualizations

Exporters of Parts for electric motors and generators (2023)
[Click to Select a Country]

Importers of Parts for electric motors and generators (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$261M
Top Destination Growth (2022 -  2023)Germany$431M

Between 2022 and 2023, the exports of Parts for electric motors and generators grew the fastest in United States ($261M), Czechia ($198M), Germany ($165M), Denmark ($151M), and Poland ($148M).

Between 2022 and 2023, the fastest growing importers of Parts for electric motors and generators were Germany ($431M), Sweden ($174M), Argentina ($156M), Vietnam ($142M), and Ireland ($135M).

Explore Visualizations

Exporters of Parts for electric motors and generators (2022 - 2023)

Importers of Parts for electric motors and generators (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Parts for electric motors and generators are explained by 21 countries.

Explore Visualizations

Value of Exports in Parts for electric motors and generators

Net Trade

TOP NET EXPORTER (2023)China$5.23B
TOP NET IMPORTER (2023)United States$1.79B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts for electric motors and generators were China ($5.23B), Japan ($1.03B), Turkey ($352M), Italy ($294M), and Slovenia ($265M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts for electric motors and generators were United States ($1.79B), Germany ($1.37B), France ($796M), Mexico ($587M), and Vietnam ($369M).

Net Trade (2023)

Country Comparison

Flow
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 (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms