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Electric motors and generators: top exporters and importers (2024)

In 2024, world trade in electric motors and generators totaled $73.7 billion (5.7 million tonnes). The top exporters were China (25%), Germany (11%) and the United States (7%); the top importers were the United States (18%), Germany (10%) and China (5%). Compared with 2019, the value rose 25%.

Summary

World trade
$73.7billion
Tonnes
5.7million tonnes
Price per tonne
$12,872
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$18.4 billion · 25%
  2. Germany$8.1 billion · 11%
  3. United States$5.1 billion · 7%
  4. Mexico$4.9 billion · 6.6%
  5. Japan$3.8 billion · 5.2%
  6. Hungary$2.3 billion · 3.1%
  7. Italy$2.2 billion · 3%
  8. Vietnam$2.1 billion · 2.9%
  9. France$2.1 billion · 2.8%
  10. Switzerland$1.9 billion · 2.6%
  11. South Korea$1.7 billion · 2.3%
  12. Czechia$1.7 billion · 2.3%
  13. Poland$1.4 billion · 2%
  14. Philippines$1.3 billion · 1.8%
  15. Thailand$1.2 billion · 1.6%
  16. India$1.1 billion · 1.5%
  17. Serbia$985 million · 1.3%
  18. Brazil$977 million · 1.3%
  19. Taiwan$928 million · 1.3%
  20. United Kingdom$875 million · 1.2%

Top importers

  1. United States$13.5 billion · 18.3%
  2. Germany$7.7 billion · 10.4%
  3. China$3.8 billion · 5.1%
  4. Mexico$3.6 billion · 4.8%
  5. South Korea$3.2 billion · 4.3%
  6. France$2.1 billion · 2.9%
  7. Italy$2.1 billion · 2.9%
  8. Japan$2.1 billion · 2.8%
  9. United Kingdom$1.7 billion · 2.4%
  10. Canada$1.6 billion · 2.2%
  11. Poland$1.6 billion · 2.2%
  12. Czechia$1.5 billion · 2.1%
  13. India$1.4 billion · 2%
  14. Thailand$1.4 billion · 1.9%
  15. Netherlands$1.4 billion · 1.9%
    re-exports
  16. Spain$1.4 billion · 1.9%
  17. Turkey$1.3 billion · 1.8%
  18. Austria$1.3 billion · 1.7%
  19. Hungary$1.2 billion · 1.6%
  20. Vietnam$1.1 billion · 1.5%

Trend

Who sells it

China has been the top exporter since 2000

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

  • China 18.4
  • Germany 8.1
  • United States 5.1
  • Mexico 4.9
  • Japan 3.8

Source: CEPII BACI

Show the numbers
Country19952024
China1.818.4
Germany2.18.1
United States1.65.1
Mexico0.74.9
Japan2.33.8

Price

Implied price

The price per tonne rose 439% since 1995

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

  • 2024: $12,872

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,387
1996$3,076
1997$3,230
1998$3,475
1999$2,898
2000$9,574
2001$7,782
2002$8,300
2003$9,618
2004$8,406
2005$9,577
2006$8,466
2007$11,695
2008$11,188
2009$13,328
2010$12,187
2011$12,413
2012$6,009
2013$12,781
2014$12,550
2015$11,740
2016$11,508
2017$11,557
2018$13,027
2019$11,618
2020$10,638
2021$12,014
2022$12,765
2023$12,975
2024$12,872

What it includes

  • 8501 · Electric motors and generators

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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