# HS 940540 Electric global trade data overview | Yugalinks

Reported global trade in electric, n.e.s. in heading no. 9405 reached $24.6B in 2024, with five-year annual growth of +3.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $15.8B | +22.7% | +21.9% |
| 2014 | $20.5B | +30% | +23.2% |
| 2015 | $21.1B | +3% | +18% |
| 2016 | $21.1B | -0.1% | +10.1% |
| 2017 | $20.2B | -4.2% | -0.5% |
| 2018 | $20.5B | +1.2% | -1.1% |
| 2019 | $20.7B | +1.2% | -0.6% |
| 2020 | $20.7B | +0.2% | +0.9% |
| 2021 | $25.5B | +22.8% | +7.6% |
| 2022 | $25.6B | +0.4% | +7.3% |
| 2023 | $24.2B | -5.5% | +5.2% |
| 2024 | $24.6B | +1.7% | -1.2% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $4.8B | +2.9% | 114 |
| Germany | $1.6B | +1.5% | 101 |
| United Kingdom | $965.7M | +2.4% | 89 |
| Netherlands | $807.7M | +3.5% | 90 |
| France | $806.4M | -0% | 104 |
| Malaysia | $727.4M | +19.2% | 53 |
| Canada | $568.7M | -4.2% | 81 |
| Singapore | $528.8M | +13.9% | 71 |
| Australia | $523.7M | +4.2% | 80 |
| Thailand | $498.1M | +20.7% | 67 |
| Italy | $473.9M | +2% | 88 |
| United Arab Emirates | $469.9M | +4.8% | 90 |

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