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850431 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.88BRnk 662 / 4648
2022
Top Exporter | Top Importer $2.71B | $655MChina | Hong Kong
2022
Product Complexity -0.19Rnk 2788 / 4653
2021 - 2022
Export Growth (CAGR) 5.1%Rnk 2220 / 4648
2022
Share of World Trade 0.025%Rnk 662 / 4648

About

Overview This page contains the latest trade data of Transformers electric, power capacity < 1 KVA, nes. In 2022, Transformers electric, power capacity < 1 KVA, nes were the world's 662nd most traded product, with a total trade of $5.88B. Between 2021 and 2022 the exports of Transformers electric, power capacity < 1 KVA, nes grew by 5.1%, from $5.6B to $5.88B. Trade in Transformers electric, power capacity < 1 KVA, nes represent 0.025% of total world trade.

Transformers electric, power capacity < 1 KVA, nes are a part of Electrical Transformers.

Exports In 2022 the top exporters of Transformers electric, power capacity < 1 KVA, nes  were China ($2.71B), Germany ($430M), United States ($300M), Italy ($170M), and Mexico ($164M).

Imports In 2022 the top importers of Transformers electric, power capacity < 1 KVA, nes were Hong Kong ($655M), United States ($634M), Germany ($501M), China ($469M), and Japan ($313M).

Ranking Transformers electric, power capacity < 1 KVA, nes ranks 2788th in the Product Complexity Index (PCI).

Description Electrical transformers are often used in homes and buildings to change the voltage of electricity. For example, a transformer may be connected to a 120-volt outlet, and the voltage may be changed to run an appliance that needs a 240-volt outlet. Transformers may also be used in a home to change the voltage of electricity going to a light fixture, from 120 volts to 12 volts.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Transformers electric, power capacity < 1 KVA, nes. 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$2.71B
Top Destination (2022)Hong Kong$655M

In 2022 Transformers electric, power capacity < 1 KVA, nes were the world's 662nd most traded product (out of 4,648).

In 2022, the top exporters of Transformers electric, power capacity < 1 KVA, nes were China ($2.71B), Germany ($430M), United States ($300M), Italy ($170M), and Mexico ($164M).

In 2022, the top importers of Transformers electric, power capacity < 1 KVA, nes were Hong Kong ($655M), United States ($634M), Germany ($501M), China ($469M), and Japan ($313M).

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Exporters of Transformers electric, power capacity < 1 KVA, nes (2022)
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Importers of Transformers electric, power capacity < 1 KVA, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$73.3M
Top Destination Growth (2021 -  2022)United States$134M

Between 2021 and 2022, the exports of Transformers electric, power capacity < 1 KVA, nes grew the fastest in United States ($73.3M), China ($42.9M), Mexico ($35.7M), Denmark ($33.6M), and Vietnam ($29M).

Between 2021 and 2022, the fastest growing importers of Transformers electric, power capacity < 1 KVA, nes were United States ($134M), Germany ($101M), Japan ($55.8M), Singapore ($35.9M), and Mexico ($31.1M).

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Exporters of Transformers electric, power capacity < 1 KVA, nes (2021 - 2022)

Importers of Transformers electric, power capacity < 1 KVA, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Transformers electric, power capacity < 1 KVA, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Transformers electric, power capacity < 1 KVA, nes are explained by 13 countries.

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Value of Exports in Transformers electric, power capacity < 1 KVA, nes

Net Trade

TOP NET EXPORTER (2022)China$2.24B
TOP NET IMPORTER (2022)Hong Kong$514M

This map shows which countries export or import more of Transformers electric, power capacity < 1 KVA, nes. Each country is colored based on the difference in exports and imports of Transformers electric, power capacity < 1 KVA, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Transformers electric, power capacity < 1 KVA, nes were China ($2.24B), Bulgaria ($32.5M), Turkey ($30.8M), Sri Lanka ($29.7M), and Czechia ($28.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Transformers electric, power capacity < 1 KVA, nes were Hong Kong ($514M), United States ($334M), Japan ($228M), Mexico ($109M), and Canada ($74.9M).

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 Transformers electric, power capacity < 1 KVA, nes.
It is possible to select the main countries that export or import Transformers electric, power capacity < 1 KVA, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Transformers electric, power capacity < 1 KVA, nes 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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