# HS 850423 Liquid Dielectric global trade data overview...

Reported global trade in liquid dielectric, having a power handling capacity exceeding 10,000kva reached $9.1B in 2024, with five-year annual growth of +17.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $5.7B | +1.3% | -3% |
| 2014 | $5.1B | -10% | -2.1% |
| 2015 | $4.9B | -4.4% | -4.5% |
| 2016 | $4.7B | -3.1% | -5.9% |
| 2017 | $4.5B | -4.3% | -4% |
| 2018 | $4.2B | -6.9% | -4.8% |
| 2019 | $4.1B | -3.1% | -4.8% |
| 2020 | $4.3B | +4.9% | -1.8% |
| 2021 | $4.1B | -3.2% | -0.5% |
| 2022 | $4.6B | +10% | +3.8% |
| 2023 | $6.8B | +49.1% | +16.7% |
| 2024 | $9.1B | +34.6% | +30.2% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $3.0B | +24.9% | 35 |
| Saudi Arabia | $696.6M | +46% | 22 |
| Germany | $350.3M | +44% | 33 |
| United Arab Emirates | $303.5M | +20.7% | 28 |
| United Kingdom | $259.7M | +17.3% | 40 |
| Spain | $250.9M | +24% | 27 |
| Iraq | $201.5M | +18.4% | 13 |
| Netherlands | $174.7M | +31% | 32 |
| Sweden | $154.8M | +16.4% | 22 |
| Canada | $141.3M | +8% | 23 |
| Mexico | $137.7M | +37.7% | 87 |
| Uzbekistan | $127.0M | +43.7% | 5 |

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