# HS 851610 Electric global trade data overview | Yugalinks

Reported global trade in electric, instantaneous or storage water and immersion heaters reached $4.0B in 2024, with five-year annual growth of +6.3%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $2.2B | +8.1% | +7.1% |
| 2014 | $2.5B | +10.3% | +6.7% |
| 2015 | $2.3B | -5% | +4.3% |
| 2016 | $2.3B | -1% | +1.2% |
| 2017 | $2.5B | +7.9% | +0.5% |
| 2018 | $2.8B | +13% | +6.5% |
| 2019 | $2.9B | +4.1% | +8.3% |
| 2020 | $2.9B | -1% | +5.2% |
| 2021 | $3.6B | +22.4% | +8% |
| 2022 | $3.8B | +6.7% | +8.9% |
| 2023 | $3.8B | +1.5% | +9.8% |
| 2024 | $4.0B | +3.6% | +3.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $896.4M | +9.4% | 70 |
| Germany | $266.0M | +7% | 73 |
| France | $231.9M | +4.8% | 74 |
| Spain | $164.4M | +8.8% | 59 |
| United Kingdom | $148.1M | +2.6% | 68 |
| Canada | $143.9M | +8.4% | 69 |
| Russia | $114.5M | +3.2% | 36 |
| Poland | $91.6M | +8.7% | 64 |
| United Arab Emirates | $87.3M | +8.1% | 66 |
| China | $76.8M | +25.5% | 58 |
| Belgium | $76.6M | +8.4% | 51 |
| Mexico | $68.1M | +8.2% | 102 |

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