# HS 851420 Electric global trade data overview | Yugalinks

Reported global trade in electric, for industrial or laboratory use, functioning by induction or dielectric loss reached $692.0M in 2024, with five-year annual growth of +4.3%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $556.3M | +2.8% | +10.3% |
| 2014 | $556.2M | -0% | +1.7% |
| 2015 | $542.5M | -2.5% | +0.1% |
| 2016 | $481.1M | -11.3% | -4.7% |
| 2017 | $481.9M | +0.2% | -4.7% |
| 2018 | $579.9M | +20.3% | +2.2% |
| 2019 | $561.9M | -3.1% | +5.3% |
| 2020 | $473.9M | -15.7% | -0.6% |
| 2021 | $476.4M | +0.5% | -6.3% |
| 2022 | $622.3M | +30.6% | +3.5% |
| 2023 | $619.4M | -0.5% | +9.3% |
| 2024 | $692.0M | +11.7% | +13.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $73.3M | -0.3% | 35 |
| China | $60.0M | -6.5% | 28 |
| Saudi Arabia | $39.1M | +55.4% | 24 |
| Mexico | $33.5M | +17.8% | 81 |
| France | $23.6M | +11.9% | 29 |
| Indonesia | $22.0M | +26.6% | 20 |
| Malaysia | $21.6M | +29.9% | 18 |
| Viet Nam | $20.9M | +2.9% | 19 |
| Turkey | $19.9M | +33.6% | 23 |
| Germany | $18.7M | -7.6% | 40 |
| Thailand | $18.4M | +5.8% | 24 |
| Japan | $17.9M | +5.9% | 17 |

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