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European Union | Imports and Exports | World | Electrical transformers, static converters | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of exports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" from European Union totalled $ 19.6 billion in 2023. Sales of commodity group 8504 from European Union went up by 38% compared to 2022: exports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" went up by $ 5.49 billion (cumulative exports of commodity group 8504 from European Union amounted $14.1 billion in 2022)

Exports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" amounted to 0.711% of total exports from European Union (cumulative merchandise exports from European Union totalled $ 2.76 trillion in 2023). The share of commodity group 8504 in total exports from European Union increased by 0.146 p.p. compared to 2022 (it was 0.565% in 2022 and cumulative exports from European Union were equal to $ 2.5 trillion).

Exports of commodity group 8504 amounted to 8.1% of total sales of group "" from European Union in 2023 (the value of exports of commodity group from European Union amounted to $242 billion in 2023). The share of exports of commodity group 8504 in sales of commodity group from European Union increased by 1.55 p.p. compared to 2022 (it was 6.55% in 2022, and exports of commodity group from European Union were $215 billion).

Exports | European Union | 8504

Export destinations of 8504 Electrical transformers, static converters (for example, rectifiers) and inductors from European Union

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Where does European Union export Electrical transformers, static converters (for example, rectifiers) and inductors?

Top export destinations of "Electrical transformers, static converters (for example, rectifiers) and inductors" from European Union in 2023:

USA with a share of 25% (4.91 billion US$)
China with a share of 12.7% (2.5 billion US$)
United Kingdom with a share of 10.4% (2.05 billion US$)
Switzerland with a share of 5.94% (1.16 billion US$)
Turkey with a share of 4.24% (833 million US$)
Korea with a share of 3.49% (685 million US$)
Norway with a share of 3.31% (651 million US$)
Australia with a share of 2.54% (500 million US$)
India with a share of 2.36% (465 million US$)
Hong Kong with a share of 1.92% (378 million US$)

Exports structure of 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors - from European Union in 2023 represented by the following main commodity groups:

69% (13.7 billion US$): 850440 - Static converters
9.78% (1.92 billion US$): 850490 - Parts of the machines of 85.04
8.41% (1.65 billion US$): 850423 - Liquid dielectric transformers having a power handling cap. >10000kVA
3.43% (675 million US$): 850450 - Inductors, n.e.s. (excl. for cathode ray tubes)
3.05% (599 million US$): 850431 - Electrical transformers (excl. dielectric) having a power handling cap. not >1kVA
1.55% (305 million US$): 850434 - Electrical transformers (excl. dielectric) having a power handling cap. >500kVA
1.06% (209 million US$): 850422 - Liquid dielectric transformers having a power handling cap. >650kVA but not >10000kVA
0.852% (167 million US$): 850433 - Electrical transformers (excl. dielectric) having a power handling cap. >16 kVA but not >500kVA
0.782% (153 million US$): 850410 - Ballasts for discharge lamps/tubes
0.753% (147 million US$): 850421 - Liquid dielectric transformers having a power handling cap. not >650kVA

The value of imports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" to European Union totalled $ 25 billion in 2023. Sales of commodity group 8504 to European Union went up by 11.5% compared to 2022: imports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" went up by $ 2.64 billion (the value of imports of commodity group 8504 to European Union was equal to $23 billion in 2022)

Imports of commodity group 8504 "Electrical transformers, static converters (for example, rectifiers) and inductors" accounted for 0.944% of total import flow to European Union (in 2023, total imports to European Union amounted to $ 2.71 trillion). The share of commodity group 8504 in total imports to European Union increased by 0.184 p.p. compared to 2022 (it was 0.759% in 2022 and cumulative imports to European Union were equal to $ 3.02 trillion).

Imports of commodity group 8504 reached 6.7% of total imports of group "" to European Union in 2023 (imports of commodity group to European Union totalled $382 billion in 2023). The share of purchases of commodity group 8504 in total imports of commodity group to European Union increased by 0.79 p.p. compared to 2022 (it was 5.91% in 2022, and imports of commodity group to European Union accounted for $388 billion).

Imports | European Union | 8504

Sources of imports of 8504 Electrical transformers, static converters (for example, rectifiers) and inductors for European Union