Transformer and converter parts trade by country: top importers, exporters and prices
World trade in transformer and converter parts was worth $14.60 billion in 2024, about 1.03 million tonnes. That is an increase of 62% since 2017, and up 3% 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 | $14.60B | 1.03M t |
| 2023 | $14.19B | 1.01M t |
| 2022 | $13.09B | 920.2K t |
| 2021 | $11.93B | 833.6K t |
| 2020 | $9.64B | 710.4K t |
| 2019 | $9.80B | 741.0K t |
| 2018 | $10.17B | 742.4K t |
| 2017 | $9.03B | 729.2K t |
Top transformer and converter parts exporting countries
Exports are led by China (33%), Germany (8%) and Mexico (5%). 174 countries reported exports, and the top three account for 47%.
| Exporter | Value | Share |
|---|---|---|
| China | $4.88B | 33% |
| Germany | $1.14B | 7.8% |
| Mexico | $785.0M | 5.4% |
| United States | $670.4M | 4.6% |
| Italy | $592.4M | 4.1% |
| India | $566.8M | 3.9% |
| Japan | $529.7M | 3.6% |
| Canada | $436.1M | 3% |
| South Korea | $395.6M | 2.7% |
| Turkey | $320.3M | 2.2% |
| Thailand | $309.0M | 2.1% |
| Taiwan | $278.1M | 1.9% |
Top importing countries and buyer markets
The largest importers are the United States (20%), Germany (7%) and Hong Kong (6%). 220 countries imported it, and the top three take 33% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $2.96B | 20% |
| Germany | $1.04B | 7.1% |
| Hong Kong | $843.7M | 5.8% |
| India | $730.5M | 5% |
| China | $657.9M | 4.5% |
| Mexico | $589.6M | 4% |
| Vietnam | $505.2M | 3.5% |
| Poland | $358.0M | 2.5% |
| South Korea | $339.4M | 2.3% |
| Italy | $328.3M | 2.3% |
| United Kingdom | $303.1M | 2.1% |
| France | $297.2M | 2% |
Average price per kg
The world average declared value was about $14.23 per kg in 2024. Among the main exporters, Canada averaged $3,212.95 per kg and India $5.61 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 Transformer and converter parts (HS 8504.90) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
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 8504.90: Electrical transformers, static converters and inductors: parts thereof. HS 8504 codes.
Common questions
Which countries export the most transformer and converter parts?
China exported $4.88 billion in 2024, 33% of the world total, followed by Germany (8%) and Mexico (5%). In all, 174 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most transformer and converter parts?
The United States imported $2.96 billion in 2024, 20% of world imports, ahead of Germany (7%) and Hong Kong (6%). The top three importers together take 33%. Each country with its own page is linked from the table.
How big is the world trade in transformer and converter parts?
It was worth $14.60 billion in 2024, about 1.03 million tonnes. That is an increase of 62% since 2017. 2024 was the highest year since 2017. 174 countries reported exports and 220 reported imports.
What is the average price of transformer and converter parts per kg?
The world average declared value was about $14.23 per kg in 2024. Among the main exporters, Canada averaged $3,212.95 per kg and India $5.61 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 transformer and converter parts?
The HS code for transformer and converter parts is subheading 8504.90, 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 transformer and converter parts buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading transformer and converter parts, from direct customs feeds and mirror data. Tell us your markets to see them live.
See what your buyers are buying.Then decide.
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