Oil transformers large trade by country: top importers, exporters and prices
World trade in oil transformers large was worth $9.05 billion in 2024, about 743.4 thousand tonnes. That is an increase of 93% since 2017, and up 32% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $9.05B | 743.4K t |
| 2023 | $6.85B | 592.6K t |
| 2022 | $4.63B | 500.1K t |
| 2021 | $4.31B | 497.5K t |
| 2020 | $4.51B | 557.1K t |
| 2019 | $4.31B | 519.4K t |
| 2018 | $4.33B | 513.2K t |
| 2017 | $4.69B | 536.5K t |
Top oil transformers large exporting countries
Exports are led by China (23%), South Korea (10%) and Turkey (10%). 87 countries reported exports, and the top three account for 42%.
| Exporter | Value | Share |
|---|---|---|
| China | $2.06B | 23% |
| South Korea | $911.4M | 10% |
| Turkey | $861.4M | 9.5% |
| Mexico | $691.6M | 7.6% |
| Brazil | $461.0M | 5.1% |
| Italy | $448.4M | 5% |
| Croatia | $421.6M | 4.7% |
| Austria | $380.8M | 4.2% |
| Germany | $317.0M | 3.5% |
| Netherlands | $257.0M | 2.8% |
| Sweden | $246.7M | 2.7% |
| Slovenia | $185.1M | 2.1% |
Top importing countries and buyer markets
The largest importers are the United States (33%), Saudi Arabia (8%) and Germany (4%). 167 countries imported it, and the top three take 44% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $2.97B | 33% |
| Saudi Arabia | $703.8M | 7.8% |
| Germany | $341.4M | 3.8% |
| United Arab Emirates | $268.0M | 3% |
| United Kingdom | $257.5M | 2.9% |
| Spain | $248.3M | 2.7% |
| Sweden | $181.7M | 2% |
| Netherlands | $166.3M | 1.8% |
| Iraq | $162.9M | 1.8% |
| Canada | $139.9M | 1.6% |
| Uzbekistan | $137.3M | 1.5% |
| Ukraine | $136.9M | 1.5% |
Average price per kg
The world average declared value was about $12.17 per kg in 2024. Among the main exporters, Croatia averaged $16.44 per kg and China $9.23 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 Oil transformers large (HS 8504.23) 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 8504.23: Electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kVA. HS 8504 codes.
Common questions
Which countries export the most oil transformers large?
China exported $2.06 billion in 2024, 23% of the world total, followed by South Korea (10%) and Turkey (10%). In all, 87 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most oil transformers large?
The United States imported $2.97 billion in 2024, 33% of world imports, ahead of Saudi Arabia (8%) and Germany (4%). The top three importers together take 44%. Each country with its own page is linked from the table.
How big is the world trade in oil transformers large?
It was worth $9.05 billion in 2024, about 743.4 thousand tonnes. That is an increase of 93% since 2017. 2024 was the highest year since 2017. 87 countries reported exports and 167 reported imports.
What is the average price of oil transformers large per kg?
The world average declared value was about $12.17 per kg in 2024. Among the main exporters, Croatia averaged $16.44 per kg and China $9.23 per kg, so grade and origin matter. The average mixes every grade and size, so use it as a market reference rather than an offer.
What is the HS code for oil transformers large?
The HS code for oil transformers large is subheading 8504.23, 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 oil transformers large buyers and suppliers?
EximDataX shows the importers and exporters of oil transformers large by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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