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850490 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.3BRnk 247 / 4644
2023
Top Exporter | Top Importer $4.23B | $2.43BChina | United States
2023
Product Complexity 0.53Rnk 1600 / 4656
2022 - 2023
Export Growth (CAGR) 9.36%Rnk 722 / 4644
2023
Share of World Trade 0.063%Rnk 247 / 4644

About

Overview This page contains the latest trade data of Parts of electrical transformers and inductors. In 2023, Parts of electrical transformers and inductors were the world's 247th most traded product, with a total trade of $14.3B. Between 2022 and 2023 the exports of Parts of electrical transformers and inductors grew by 9.36%, from $13.1B to $14.3B. Trade in Parts of electrical transformers and inductors represent 0.063% of total world trade.

Parts of electrical transformers and inductors are a part of Electrical Transformers.

Exports In 2023 the top exporters of Parts of electrical transformers and inductors  were China ($4.23B), Germany ($1.34B), Italy ($623M), United States ($596M), and Japan ($576M).

Imports In 2023 the top importers of Parts of electrical transformers and inductors were United States ($2.43B), Germany ($1.43B), China ($760M), Hong Kong ($693M), and India ($602M).

Ranking Parts of electrical transformers and inductors ranks 1600th in the Product Complexity Index (PCI).

Description An electrical transformer is an electrical device that transfers electrical energy from one circuit to another through inductively coupled coils, usually via electromagnetic induction. Transformers range from a few kilovolts up to around 500 kilovolts, and are used in electrical power distribution systems to convert alternating current (AC) from a power plant into low-voltage, direct current (DC) for distribution to end-users. Transformers may be used in both AC and DC circuits. An inductor is an electrical component that stores electric energy in a magnetic field when electric current is passing through it. It is

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of electrical transformers and inductors. 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$4.23B
Top Destination (2023)United States$2.43B

In 2023 Parts of electrical transformers and inductors were the world's 247th most traded product (out of 4,644).

In 2023, the top exporters of Parts of electrical transformers and inductors were China ($4.23B), Germany ($1.34B), Italy ($623M), United States ($596M), and Japan ($576M).

In 2023, the top importers of Parts of electrical transformers and inductors were United States ($2.43B), Germany ($1.43B), China ($760M), Hong Kong ($693M), and India ($602M).

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Exporters of Parts of electrical transformers and inductors (2023)
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Importers of Parts of electrical transformers and inductors (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$262M
Top Destination Growth (2022 -  2023)United States$347M

Between 2022 and 2023, the exports of Parts of electrical transformers and inductors grew the fastest in Germany ($262M), India ($116M), Turkey ($106M), Mexico ($103M), and Canada ($93.6M).

Between 2022 and 2023, the fastest growing importers of Parts of electrical transformers and inductors were United States ($347M), Germany ($275M), Mexico ($106M), Singapore ($101M), and Poland ($85M).

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Exporters of Parts of electrical transformers and inductors (2022 - 2023)

Importers of Parts of electrical transformers and inductors (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of electrical transformers and inductors.

In 2023, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Parts of electrical transformers and inductors are explained by 21 countries.

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Value of Exports in Parts of electrical transformers and inductors

Net Trade

TOP NET EXPORTER (2023)China$3.47B
TOP NET IMPORTER (2023)United States$1.84B

This map shows which countries export or import more of Parts of electrical transformers and inductors. Each country is colored based on the difference in exports and imports of Parts of electrical transformers and inductors during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of electrical transformers and inductors were China ($3.47B), Japan ($289M), Italy ($232M), Turkey ($229M), and Canada ($193M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of electrical transformers and inductors were United States ($1.84B), Hong Kong ($534M), Singapore ($261M), Vietnam ($241M), and United Kingdom ($194M).

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 Parts of electrical transformers and inductors.
It is possible to select the main countries that export or import Parts of electrical transformers and inductors in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of electrical transformers and inductors 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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