Electrical transformers, static converters | Imports and Exports | 2023

In 2023, the world exports of "Electrical transformers, static converters (for example, rectifiers) and inductors" exceeded $145 billion (according to external trade statistics of 138 countries). It was $141 billion in the previous year (according to merchandise trade statistics of 136 countries).

Top exporters of Electrical transformers, static converters (for example, rectifiers) and inductors in 2023

The world's largest exporters of this commodity group in 2023:

• China - 31% of the world exports ($46 billion)
• Germany - 9.9% ($14.3 billion)
• Hong Kong - 5.67% ($8.25 billion)
• USA - 5.6% ($8.14 billion)
• Mexico - 4.43% ($6.44 billion)

«Electrical transformers, static converters (for example, rectifiers) and inductors» accounted for a substantial share of total exports of

• Lebanon - 2.72% of Lebanon's total exports in 2023 ($124 million of $4.56 billion)
• Croatia - 2.71% ($670 million of $24 billion)
• Philippines - 2.41% ($1.76 billion of $72 billion)
• Finland - 2.22% ($1.83 billion of $82 billion)
• Thailand - 1.55% ($4.42 billion of $285 billion)
• Hungary - 1.44% ($2.27 billion of $158 billion)
• Hong Kong - 1.43% ($8.25 billion of $575 billion)
• Estonia - 1.4% ($281 million of $20 billion)
• China - 1.37% ($46 billion of $3.37 trillion)

According to statistics provided by the major exporters, the largest flows of exports of «Electrical transformers, static converters (for example, rectifiers) and inductors» in 2023:

• Exports from China to Germany: (1.96% of the world exports, $2.86 billion according to external trade statistics of China)
• Exports from China to Hong Kong: (3.04% of the world exports, $4.43 billion according to external trade statistics of China)
• Exports from China to India: (1.21% of the world exports, $1.77 billion according to external trade statistics of China)
• Exports from China to Japan: (1.28% of the world exports, $1.87 billion according to external trade statistics of China)
• Exports from China to Netherlands: (2.66% of the world exports, $3.88 billion according to external trade statistics of China)
• Exports from China to USA: (3.26% of the world exports, $4.74 billion according to external trade statistics of China)
• Exports from Hong Kong to China: (2.63% of the world exports, $3.82 billion according to external trade statistics of Hong Kong)
• Exports from Mexico to USA: (4.17% of the world exports, $6.07 billion according to external trade statistics of Mexico)
• Exports from Thailand to USA: (1.32% of the world exports, $1.92 billion according to external trade statistics of Thailand)
• Exports from USA to Mexico: (1.58% of the world exports, $2.3 billion according to external trade statistics of USA)

In 2023, the world imports of "Electrical transformers, static converters (for example, rectifiers) and inductors" exceeded $142 billion (according to external trade statistics of 141 countries). It was $137 billion in the previous year (according to merchandise trade statistics of 140 countries).

Top importers of Electrical transformers, static converters (for example, rectifiers) and inductors in 2023

The world's largest importers of this commodity group in 2023:

• USA - 19.1% of the world imports ($27 billion)
• Germany - 9.95% ($14.2 billion)
• China - 8% ($11.4 billion)
• Hong Kong - 4.84% ($6.91 billion)
• Netherlands - 4.32% ($6.16 billion)
• Mexico - 4.21% ($6 billion)

«Electrical transformers, static converters (for example, rectifiers) and inductors» accounted for a substantial share of total imports of

• Suriname - 1.36% of Suriname's total imports in 2023 ($23 million of $1.69 billion)
• Central African Republic - 1.23% ($9.2 million of $742 million)
• Hungary - 1.22% ($1.82 billion of $148 billion)
• South Africa - 1.11% ($1.19 billion of $107 billion)
• Czech Republic - 1.11% ($2.54 billion of $228 billion)
• Antigua and Barbuda - 1.11% ($7.43 million of $669 million)

According to statistics provided by the major importers, the largest flows of imports of «Electrical transformers, static converters (for example, rectifiers) and inductors» in 2023:

• Imports to China from China (1.92% of the world imports, $2.74 billion according to external trade statistics of China)
• Imports to China from Japan (1.34% of the world imports, $1.92 billion according to external trade statistics of China)
• Imports to Germany from China (3.63% of the world imports, $5.18 billion according to external trade statistics of Germany)
• Imports to Hong Kong from China (3.29% of the world imports, $4.69 billion according to external trade statistics of Hong Kong)
• Imports to Japan from China (1.83% of the world imports, $2.62 billion according to external trade statistics of Japan)
• Imports to Mexico from China (1.93% of the world imports, $2.75 billion according to external trade statistics of Mexico)
• Imports to Netherlands from China (1.53% of the world imports, $2.18 billion according to external trade statistics of Netherlands)
• Imports to USA from China (2.99% of the world imports, $4.27 billion according to external trade statistics of USA)
• Imports to USA from Mexico (4.02% of the world imports, $5.74 billion according to external trade statistics of USA)
• Imports to USA from Thailand (1.48% of the world imports, $2.11 billion according to external trade statistics of USA)