Oil transformers medium trade by country: top importers, exporters and prices
World trade in oil transformers medium was worth $4.73 billion in 2024, about 604.0 thousand tonnes. That is an increase of 234% since 2017, and up 28% 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 | $4.73B | 604.0K t |
| 2023 | $3.69B | 474.0K t |
| 2022 | $2.50B | 370.8K t |
| 2021 | $1.98B | 442.3K t |
| 2020 | $1.79B | 305.6K t |
| 2019 | $1.77B | 317.9K t |
| 2018 | $1.74B | 328.8K t |
| 2017 | $1.42B | 231.5K t |
Top oil transformers medium exporting countries
Exports are led by China (19%), Mexico (15%) and Turkey (12%). 122 countries reported exports, and the top three account for 45%.
| Exporter | Value | Share |
|---|---|---|
| China | $885.2M | 19% |
| Mexico | $687.3M | 15% |
| Turkey | $547.1M | 12% |
| South Korea | $419.6M | 8.9% |
| Italy | $144.7M | 3.1% |
| India | $139.4M | 3% |
| Spain | $139.3M | 2.9% |
| Austria | $133.8M | 2.8% |
| Germany | $127.1M | 2.7% |
| Poland | $117.6M | 2.5% |
| Canada | $93.4M | 2% |
| United States | $93.0M | 2% |
Top importing countries and buyer markets
The United States is the biggest buyer with 30% of world imports, ahead of Germany and Spain. Demand is spread widely: the top three take 43% across 196 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $1.43B | 30% |
| Germany | $315.7M | 6.7% |
| Spain | $298.7M | 6.3% |
| United Kingdom | $263.3M | 5.6% |
| Italy | $146.9M | 3.1% |
| Canada | $144.5M | 3.1% |
| France | $114.2M | 2.4% |
| Sweden | $99.3M | 2.1% |
| Saudi Arabia | $83.1M | 1.8% |
| Australia | $73.4M | 1.6% |
| Austria | $73.0M | 1.5% |
| Iraq | $72.4M | 1.5% |
Average price per kg
The world average declared value was about $7.83 per kg in 2024. Among the main exporters, Austria averaged $10.75 per kg and China $6.68 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 medium (HS 8504.22) 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 8504.22: Electrical transformers: liquid dielectric, having a power handling capacity exceeding 650kVA but not exceeding 10,000kVA. HS 8504 codes.
Common questions
Which countries export the most oil transformers medium?
China exported $885.2 million in 2024, 19% of the world total, followed by Mexico (15%) and Turkey (12%). In all, 122 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most oil transformers medium?
The United States imported $1.43 billion in 2024, 30% of world imports, ahead of Germany (7%) and Spain (6%). The top three importers together take 43%. Each country with its own page is linked from the table.
How big is the world trade in oil transformers medium?
It was worth $4.73 billion in 2024, about 604.0 thousand tonnes. That is an increase of 234% since 2017. 2024 was the highest year since 2017. 122 countries reported exports and 196 reported imports.
What is the average price of oil transformers medium per kg?
The world average declared value was about $7.83 per kg in 2024. Among the main exporters, Austria averaged $10.75 per kg and China $6.68 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for oil transformers medium?
The HS code for oil transformers medium is subheading 8504.22, 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 medium buyers and suppliers?
EximDataX shows the importers and exporters of oil transformers medium by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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