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Transmission shafts, gears and gearboxes: top exporters and importers (2024)

In 2024, world trade in transmission shafts, gears and gearboxes totaled $70.9 billion (6.5 million tonnes). The top exporters were Germany (18%), China (17%) and the United States (12%); the top importers were the United States (16%), Germany (9%) and China (7%). Compared with 2019, the value rose 15%.

Summary

World trade
$70.9billion
Tonnes
6.5million tonnes
Price per tonne
$10,899
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$13 billion · 18.3%
  2. China$11.9 billion · 16.8%
  3. United States$8.2 billion · 11.5%
  4. Japan$4.8 billion · 6.8%
  5. Italy$4.5 billion · 6.4%
  6. India$2.9 billion · 4.1%
  7. France$2.5 billion · 3.5%
  8. South Korea$1.7 billion · 2.4%
  9. Poland$1.6 billion · 2.3%
  10. Taiwan$1.6 billion · 2.2%
  11. United Kingdom$1.5 billion · 2.2%
  12. Mexico$1.4 billion · 2%
  13. Spain$1.4 billion · 1.9%
  14. Canada$1.4 billion · 1.9%
  15. Turkey$1 billion · 1.5%
  16. Austria$1 billion · 1.4%
  17. Slovakia$942 million · 1.3%
  18. Czechia$902 million · 1.3%
  19. Belgium$887 million · 1.3%
    re-exports
  20. Switzerland$874 million · 1.2%

Top importers

  1. United States$11.2 billion · 15.9%
  2. Germany$6.2 billion · 8.7%
  3. China$5.1 billion · 7.2%
  4. Mexico$3.8 billion · 5.4%
  5. Canada$3.1 billion · 4.4%
  6. France$2.3 billion · 3.3%
  7. United Kingdom$2.3 billion · 3.3%
  8. Poland$2.2 billion · 3.1%
  9. Brazil$2.1 billion · 3%
  10. Italy$2 billion · 2.9%
  11. India$2 billion · 2.8%
  12. Japan$1.7 billion · 2.5%
  13. Turkey$1.4 billion · 1.9%
  14. South Korea$1.3 billion · 1.9%
  15. Austria$1.2 billion · 1.8%
  16. Hungary$1.2 billion · 1.7%
  17. Australia$1.1 billion · 1.6%
  18. Spain$1.1 billion · 1.6%
  19. Netherlands$1 billion · 1.4%
    re-exports
  20. Czechia$1 billion · 1.4%

Trend

Who sells it

Germany was the top exporter throughout the period

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

  • Germany 13
  • China 11.9
  • United States 8.2
  • Japan 4.8
  • Italy 4.5

Source: CEPII BACI

Show the numbers
Country19952024
Germany3.313
China0.1911.9
United States2.28.2
Japan2.84.8
Italy1.14.5

Price

Implied price

The price per tonne rose 121% since 1995

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

  • 2024: $10,899

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$4,928
1996$2,455
1997$3,082
1998$4,433
1999$2,001
2000$8,166
2001$6,622
2002$7,574
2003$8,150
2004$7,175
2005$9,546
2006$9,727
2007$9,893
2008$11,395
2009$13,223
2010$12,476
2011$12,809
2012$5,238
2013$12,298
2014$12,483
2015$11,544
2016$11,224
2017$11,013
2018$12,482
2019$10,232
2020$10,363
2021$11,393
2022$10,988
2023$10,625
2024$10,899

What it includes

  • 8483 · Transmission shafts, gears and gearboxes

Products in the same chapter

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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