# HS 850421 Liquid Dielectric global trade data overview...

Reported global trade in liquid dielectric, having a power handling capacity not exceeding 650kva reached $4.1B in 2024, with five-year annual growth of +20.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.9B | +4.2% | +6% |
| 2014 | $1.9B | -0.1% | +2% |
| 2015 | $1.5B | -20.1% | -6% |
| 2016 | $1.5B | -4% | -8.5% |
| 2017 | $1.5B | +2.7% | -7.6% |
| 2018 | $1.5B | +2.7% | +0.4% |
| 2019 | $1.6B | +3.2% | +2.9% |
| 2020 | $1.6B | -1.3% | +1.5% |
| 2021 | $1.6B | +4.3% | +2% |
| 2022 | $2.3B | +38.9% | +12.7% |
| 2023 | $3.3B | +46.8% | +28.6% |
| 2024 | $4.1B | +22.7% | +35.7% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $1.7B | +41.7% | 61 |
| Germany | $235.3M | +22.8% | 48 |
| United Kingdom | $198.3M | +22.5% | 49 |
| France | $156.0M | +19.1% | 44 |
| Iraq | $106.8M | +7.8% | 17 |
| Russia | $81.2M | +5.8% | 13 |
| Austria | $80.2M | +33% | 31 |
| Canada | $65.4M | +14.6% | 36 |
| Netherlands | $60.2M | +20.9% | 50 |
| Belgium | $59.3M | +32.4% | 29 |
| Mexico | $56.7M | +16.4% | 94 |
| Philippines | $53.1M | +9.4% | 34 |

_Source: reported merchandise trade data. Updated 2026-08-14._