# HS 870380 With Only Electric Motor For Propuls global trade...

Reported global trade in with only electric motor for propulsion reached $134.5B in 2024, with five-year annual growth of +43.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.2B | +45.6% | +31.4% |
| 2014 | $2.4B | +102.5% | +57.9% |
| 2015 | $2.9B | +18.1% | +51.5% |
| 2016 | $3.5B | +20.5% | +42.3% |
| 2017 | $7.9B | +128.8% | +48.2% |
| 2018 | $10.6B | +34% | +54.6% |
| 2019 | $22.1B | +108.3% | +85.5% |
| 2020 | $32.8B | +48.4% | +60.6% |
| 2021 | $57.3B | +74.6% | +75.4% |
| 2022 | $90.0B | +57.2% | +59.7% |
| 2023 | $145.4B | +61.5% | +64.3% |
| 2024 | $134.5B | -7.5% | +32.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $22.4B | +64.8% | 51 |
| United Kingdom | $14.0B | +58.4% | 44 |
| Belgium | $10.1B | +32.2% | 40 |
| France | $7.5B | +51.5% | 46 |
| Germany | $7.4B | +27.9% | 72 |
| Canada | $7.3B | +42.4% | 22 |
| Netherlands | $6.5B | +25.4% | 59 |
| Denmark | $4.2B | +83.2% | 33 |
| Norway | $4.2B | +12% | 30 |
| Sweden | $3.9B | +44.7% | 30 |
| Spain | $3.2B | +47.9% | 45 |
| Australia | $3.2B | +69.4% | 23 |

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