Large dry transformers trade by country: top importers, exporters and prices
World trade in large dry transformers was worth $2.50 billion in 2024, about 304.8 thousand tonnes. That is an increase of 58% since 2017, and up 13% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $2.50B | 304.8K t |
| 2023 | $2.22B | 268.6K t |
| 2022 | $1.77B | 239.6K t |
| 2021 | $1.45B | 228.8K t |
| 2020 | $1.46B | 360.4K t |
| 2019 | $1.58B | 709.0K t |
| 2018 | $1.58B | 315.8K t |
| 2017 | $1.58B | 295.9K t |
Top large dry transformers exporting countries
Exports are led by China (28%), Italy (14%) and South Korea (7%). 121 countries reported exports, and the top three account for 48%.
| Exporter | Value | Share |
|---|---|---|
| China | $687.7M | 28% |
| Italy | $344.7M | 14% |
| South Korea | $177.1M | 7.1% |
| Germany | $170.8M | 6.8% |
| Mexico | $155.4M | 6.2% |
| Canada | $114.1M | 4.6% |
| Austria | $80.4M | 3.2% |
| Spain | $73.6M | 2.9% |
| Switzerland | $68.4M | 2.7% |
| France | $57.8M | 2.3% |
| United States | $57.7M | 2.3% |
| Turkey | $52.9M | 2.1% |
Top importing countries and buyer markets
The United States is the biggest buyer with 18% of world imports, ahead of Germany and Thailand. Demand is spread widely: the top three take 27% across 195 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $451.1M | 18% |
| Germany | $132.3M | 5.3% |
| Thailand | $91.3M | 3.7% |
| Malaysia | $81.8M | 3.3% |
| Denmark | $72.9M | 2.9% |
| Spain | $69.5M | 2.8% |
| Australia | $63.5M | 2.5% |
| France | $62.3M | 2.5% |
| Saudi Arabia | $59.2M | 2.4% |
| Sweden | $55.8M | 2.2% |
| Taiwan | $55.4M | 2.2% |
| United Kingdom | $53.9M | 2.2% |
Average price per kg
The world average declared value was about $8.21 per kg in 2024. Among the main exporters, Austria averaged $11.10 per kg and Italy $7.27 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Large dry transformers (HS 8504.34) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 8504.34: Transformers: n.e.c. in item no. 8504.2, having a power handling capacity exceeding 500kVA. HS 8504 codes.
Common questions
Which countries export the most large dry transformers?
China exported $687.7 million in 2024, 28% of the world total, followed by Italy (14%) and South Korea (7%). In all, 121 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most large dry transformers?
The United States imported $451.1 million in 2024, 18% of world imports, ahead of Germany (5%) and Thailand (4%). The top three importers together take 27%. Each country with its own page is linked from the table.
How big is the world trade in large dry transformers?
It was worth $2.50 billion in 2024, about 304.8 thousand tonnes. That is an increase of 58% since 2017. 2024 was the highest year since 2017. 121 countries reported exports and 195 reported imports.
What is the average price of large dry transformers per kg?
The world average declared value was about $8.21 per kg in 2024. Among the main exporters, Austria averaged $11.10 per kg and Italy $7.27 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for large dry transformers?
The HS code for large dry transformers is subheading 8504.34, in chapter 85 (electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 8504 page.
How can I find large dry transformers buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading large dry transformers, from direct customs feeds and mirror data. Tell us your markets to see them live.
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