# HS 850422 Liquid Dielectric global trade data overview...

Reported global trade in liquid dielectric, having a power handling capacity exceeding 650kva but not exceeding 10,000kva reached $4.9B in 2024, with five-year annual growth of +24%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.6B | +3.5% | +6% |
| 2014 | $1.7B | +6.9% | +4.3% |
| 2015 | $1.4B | -17.2% | -2.9% |
| 2016 | $1.4B | -2.8% | -4.9% |
| 2017 | $1.4B | -0.5% | -7.1% |
| 2018 | $1.6B | +17.8% | +4.5% |
| 2019 | $1.7B | +2.2% | +6.2% |
| 2020 | $1.8B | +5.7% | +8.4% |
| 2021 | $2.0B | +12.1% | +6.6% |
| 2022 | $2.5B | +28.3% | +15% |
| 2023 | $3.8B | +49.5% | +29.1% |
| 2024 | $4.9B | +29.2% | +35.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $1.5B | +39.9% | 48 |
| Spain | $323.0M | +36.6% | 29 |
| Germany | $303.9M | +13.5% | 41 |
| United Kingdom | $287.1M | +33.9% | 40 |
| Italy | $152.5M | +38.7% | 27 |
| Canada | $143.1M | +25.9% | 25 |
| France | $119.5M | +19.7% | 31 |
| Sweden | $93.9M | +24.6% | 24 |
| Russia | $88.1M | +15.6% | 11 |
| Netherlands | $83.3M | +37.6% | 45 |
| Saudi Arabia | $82.1M | +75.9% | 26 |
| Iraq | $76.1M | +34.9% | 19 |

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