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Control panels: top exporters and importers (2024)

In 2024, world trade in control panels totaled $91.6 billion (1.5 million tonnes). The top exporters were China (17%), Germany (12%) and Mexico (11%); the top importers were the United States (22%), Germany (12%) and China (4%). Compared with 2019, the value rose 35%.

Summary

World trade
$91.6billion
Tonnes
1.5million tonnes
Price per tonne
$60,772
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$15.6 billion · 17%
  2. Germany$10.9 billion · 12%
  3. Mexico$9.9 billion · 10.9%
  4. United States$7.8 billion · 8.5%
  5. Japan$3.2 billion · 3.5%
  6. Hungary$2.9 billion · 3.2%
  7. Romania$2.9 billion · 3.2%
  8. South Korea$2.4 billion · 2.6%
  9. France$2.4 billion · 2.6%
  10. Canada$2.2 billion · 2.4%
  11. Czechia$2.1 billion · 2.3%
  12. Poland$2 billion · 2.2%
  13. United Kingdom$1.7 billion · 1.9%
  14. Italy$1.7 billion · 1.9%
  15. Malaysia$1.7 billion · 1.8%
  16. Thailand$1.7 billion · 1.8%
  17. Spain$1.5 billion · 1.6%
  18. Vietnam$1.4 billion · 1.5%
  19. Netherlands$1.1 billion · 1.2%
    re-exports
  20. Turkey$1 billion · 1.1%

World supply

China went from 1.6% to 17% of world exports of control panels

In 2024, China accounted for 17% of recorded world exports and the three largest exporters together for 39.8%. HHI: 717 out of 10,000; equivalent to 14 exporters of the same size.

Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little

Trend in supply

Share of world exports of the largest exporter and of the three largest

Share (%)

  • Largest exporter each year 17%
  • Three largest 39.8%

Source: CEPII BACI

Show the numbers
Year19952024
Largest exporter each year22.5%17%
Three largest53%39.8%

Countries where China sells more than half of what they buy

Countries that buy more than half of this product from its largest exporter, with its share.

Top importers

  1. United States$19.7 billion · 21.5%
  2. Germany$10.5 billion · 11.5%
  3. China$4 billion · 4.4%
  4. Mexico$3.1 billion · 3.4%
  5. United Kingdom$3 billion · 3.2%
  6. France$2.4 billion · 2.6%
  7. Czechia$2.3 billion · 2.5%
  8. Canada$2.3 billion · 2.5%
  9. Thailand$2.1 billion · 2.3%
  10. Singapore$1.9 billion · 2.1%
    re-exports
  11. South Korea$1.8 billion · 2%
  12. Turkey$1.8 billion · 2%
  13. Netherlands$1.8 billion · 2%
    re-exports
  14. Italy$1.7 billion · 1.9%
  15. Japan$1.6 billion · 1.8%
  16. Spain$1.6 billion · 1.7%
  17. Poland$1.4 billion · 1.6%
  18. Taiwan$1.3 billion · 1.4%
  19. Malaysia$1.3 billion · 1.4%
  20. Slovakia$1.2 billion · 1.3%

Trend

Who sells it

China has been the top exporter since 2021

Value in USD billions. The five largest exporters in 2024.

  • China 15.6
  • Germany 10.9
  • Mexico 9.9
  • United States 7.8
  • Japan 3.2

Source: CEPII BACI

Show the numbers
Country19952024
China0.1215.6
Germany1.410.9
Mexico0.239.9
United States17.8
Japan1.83.2

Price

Implied price

The price per tonne rose 130% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $60,772

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$26,449
1996$20,734
1997$22,077
1998$27,022
1999$17,450
2000$38,673
2001$1,004
2002$1,050
2003$39,330
2004$31,963
2005$44,770
2006$44,911
2007$47,687
2008$54,737
2009$51,854
2010$51,128
2011$53,019
2012$55,555
2013$51,285
2014$57,625
2015$51,797
2016$51,575
2017$54,118
2018$57,327
2019$60,419
2020$59,804
2021$64,356
2022$60,097
2023$64,746
2024$60,772

What it includes

  • 8537 · Control panels

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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