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850434 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.16BRnk 1353 / 4644
2023
Top Exporter | Top Importer $520M | $333MChina | United States
2023
Product Complexity 0.45Rnk 1758 / 4656
2022 - 2023
Export Growth (CAGR) 21.4%Rnk 269 / 4644
2023
Share of World Trade 0.0096%Rnk 1353 / 4644

About

Overview This page contains the latest trade data of Transformers electric, power capacity > 500 KVA, nes. In 2023, Transformers electric, power capacity > 500 KVA, nes were the world's 1353rd most traded product, with a total trade of $2.16B. Between 2022 and 2023 the exports of Transformers electric, power capacity > 500 KVA, nes grew by 21.4%, from $1.78B to $2.16B. Trade in Transformers electric, power capacity > 500 KVA, nes represent 0.0096% of total world trade.

Transformers electric, power capacity > 500 KVA, nes are a part of Electrical Transformers.

Exports In 2023 the top exporters of Transformers electric, power capacity > 500 KVA, nes  were China ($520M), Italy ($282M), Germany ($174M), South Korea ($170M), and Mexico ($97M).

Imports In 2023 the top importers of Transformers electric, power capacity > 500 KVA, nes were United States ($333M), Germany ($147M), Thailand ($96.7M), Denmark ($64.8M), and United Kingdom ($57.8M).

Ranking Transformers electric, power capacity > 500 KVA, nes ranks 1758th in the Product Complexity Index (PCI).

Description Transformers are used to step up and step down the voltage of electricity. One common use of transformers is to step up the voltage of electricity from a power plant to a transmission line voltage of 115,000 volts so that it can be transmitted over long distances. Another common use of transformers is to step down the voltage of electricity at the end of a transmission line to a distribution voltage of 7,200 volts so that electricity can be distributed over shorter distances to homes and businesses.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Transformers electric, power capacity > 500 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 (2023)China$520M
Top Destination (2023)United States$333M

In 2023 Transformers electric, power capacity > 500 KVA, nes were the world's 1353rd most traded product (out of 4,644).

In 2023, the top exporters of Transformers electric, power capacity > 500 KVA, nes were China ($520M), Italy ($282M), Germany ($174M), South Korea ($170M), and Mexico ($97M).

In 2023, the top importers of Transformers electric, power capacity > 500 KVA, nes were United States ($333M), Germany ($147M), Thailand ($96.7M), Denmark ($64.8M), and United Kingdom ($57.8M).

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Exporters of Transformers electric, power capacity > 500 KVA, nes (2023)
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Importers of Transformers electric, power capacity > 500 KVA, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$106M
Top Destination Growth (2022 -  2023)United States$140M

Between 2022 and 2023, the exports of Transformers electric, power capacity > 500 KVA, nes grew the fastest in China ($106M), Italy ($72.6M), Mexico ($39.9M), Finland ($39.5M), and South Korea ($37.4M).

Between 2022 and 2023, the fastest growing importers of Transformers electric, power capacity > 500 KVA, nes were United States ($140M), Thailand ($74.3M), Germany ($25.4M), Italy ($24.6M), and Uzbekistan ($23.6M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Transformers electric, power capacity > 500 KVA, nes are explained by 19 countries.

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Value of Exports in Transformers electric, power capacity > 500 KVA, nes

Net Trade

TOP NET EXPORTER (2023)China$485M
TOP NET IMPORTER (2023)United States$279M

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

In 2023, the countries that had a largest trade value in exports than in imports of Transformers electric, power capacity > 500 KVA, nes were China ($485M), Italy ($245M), South Korea ($157M), Mexico ($66M), and Switzerland ($61.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Transformers electric, power capacity > 500 KVA, nes were United States ($279M), Thailand ($84.1M), Malaysia ($55.1M), Denmark ($53M), and Singapore ($45.7M).

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 > 500 KVA, nes.
It is possible to select the main countries that export or import Transformers electric, power capacity > 500 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 > 500 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 (2023)

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