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850433 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.89BRnk 1477 / 4644
2023
Top Exporter | Top Importer $450M | $675MMexico | United States
2023
Product Complexity -0.22Rnk 2865 / 4656
2022 - 2023
Export Growth (CAGR) 25%Rnk 197 / 4644
2023
Share of World Trade 0.0084%Rnk 1477 / 4644

About

Overview This page contains the latest trade data of Transformers electric, power capacity 16-500 KVA. In 2023, Transformers electric, power capacity 16-500 KVA were the world's 1477th most traded product, with a total trade of $1.89B. Between 2022 and 2023 the exports of Transformers electric, power capacity 16-500 KVA grew by 25%, from $1.51B to $1.89B. Trade in Transformers electric, power capacity 16-500 KVA represent 0.0084% of total world trade.

Transformers electric, power capacity 16-500 KVA are a part of Electrical Transformers.

Exports In 2023 the top exporters of Transformers electric, power capacity 16-500 KVA  were Mexico ($450M), China ($226M), United States ($142M), India ($137M), and Italy ($124M).

Imports In 2023 the top importers of Transformers electric, power capacity 16-500 KVA were United States ($675M), Canada ($97.7M), Mexico ($77M), France ($65.6M), and Japan ($63.3M).

Ranking Transformers electric, power capacity 16-500 KVA ranks 2865th in the Product Complexity Index (PCI).

Description Transformer electric power capacity 16-500 kva are used in a variety of industrial and residential settings. They are used to convert the voltage of electricity to the appropriate level for the appliance being used.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Transformers electric, power capacity 16-500 KVA. 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)Mexico$450M
Top Destination (2023)United States$675M

In 2023 Transformers electric, power capacity 16-500 KVA were the world's 1477th most traded product (out of 4,644).

In 2023, the top exporters of Transformers electric, power capacity 16-500 KVA were Mexico ($450M), China ($226M), United States ($142M), India ($137M), and Italy ($124M).

In 2023, the top importers of Transformers electric, power capacity 16-500 KVA were United States ($675M), Canada ($97.7M), Mexico ($77M), France ($65.6M), and Japan ($63.3M).

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Exporters of Transformers electric, power capacity 16-500 KVA (2023)
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Importers of Transformers electric, power capacity 16-500 KVA (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$79.2M
Top Destination Growth (2022 -  2023)United States$142M

Between 2022 and 2023, the exports of Transformers electric, power capacity 16-500 KVA grew the fastest in South Korea ($79.2M), India ($52.3M), United States ($43.3M), Italy ($42.4M), and Spain ($33M).

Between 2022 and 2023, the fastest growing importers of Transformers electric, power capacity 16-500 KVA were United States ($142M), Mexico ($40.5M), United Kingdom ($34.6M), Japan ($26.9M), and Sweden ($25.5M).

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Exporters of Transformers electric, power capacity 16-500 KVA (2022 - 2023)

Importers of Transformers electric, power capacity 16-500 KVA (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Transformers electric, power capacity 16-500 KVA.

In 2023, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Transformers electric, power capacity 16-500 KVA are explained by 19 countries.

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Value of Exports in Transformers electric, power capacity 16-500 KVA

Net Trade

TOP NET EXPORTER (2023)Mexico$373M
TOP NET IMPORTER (2023)United States$533M

This map shows which countries export or import more of Transformers electric, power capacity 16-500 KVA. Each country is colored based on the difference in exports and imports of Transformers electric, power capacity 16-500 KVA during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Transformers electric, power capacity 16-500 KVA were Mexico ($373M), China ($192M), India ($106M), South Korea ($103M), and Italy ($95.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Transformers electric, power capacity 16-500 KVA were United States ($533M), Japan ($44.7M), United Kingdom ($41.3M), France ($32.9M), and Saudi Arabia ($21.2M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Transformers electric, power capacity 16-500 KVA.
It is possible to select the main countries that export or import Transformers electric, power capacity 16-500 KVA in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Transformers electric, power capacity 16-500 KVA 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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