Latest trade
$3.2BGlobal subsector valueHS4 subsector intelligence
Converters
HS4 8454 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-5.7%Latest year on yearExporters
142Active reporting countriesImporters
187Active reporting countriesHS6 products
4Classifications inside HS4The subsector read
$3.2B in trade, with +9.9% annualized growth over three years.
Converters is recorded across 2,809 active corridors, with 142 exporters and 187 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | ChinaCHN | IndiaIND | $206.6M | +50.4% | 4 | 4,252 km | No |
| 2 | ChinaCHN | IndonesiaIDN | $142.9M | +62.7% | 4 | 4,425 km | Yes |
| 3 | ChinaCHN | RussiaRUS | $113.5M | +70.3% | 4 | 6,831 km | No |
| 4 | CanadaCAN | USA, Puerto Rico and US Virgin IslandsUSA | $98.0M | +5.1% | 4 | 556 km | Yes |
| 5 | ChinaCHN | MexicoMEX | $78.2M | +83.6% | 4 | 12,928 km | No |
| 6 | JapanJPN | USA, Puerto Rico and US Virgin IslandsUSA | $76.5M | +10.4% | 4 | 10,872 km | No |
| 7 | ChinaCHN | Viet NamVNM | $69.8M | +20.6% | 4 | 2,732 km | Yes |
| 8 | ItalyITA | USA, Puerto Rico and US Virgin IslandsUSA | $55.8M | +5.8% | 4 | 6,907 km | No |
| 9 | ChinaCHN | USA, Puerto Rico and US Virgin IslandsUSA | $53.7M | +26.7% | 4 | 11,883 km | No |
| 10 | JapanJPN | ChinaCHN | $48.1M | -11.3% | 3 | 1,763 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $1.1B | 163 | 4 |
| 2 | ItalyITA | $349.6M | 103 | 4 |
| 3 | GermanyDEU | $299.8M | 107 | 4 |
| 4 | JapanJPN | $295.7M | 68 | 4 |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | $198.0M | 118 | 4 |
| 6 | CanadaCAN | $114.5M | 59 | 4 |
| 7 | Switzerland, LiechtensteinCHE | $113.9M | 66 | 4 |
| 8 | AustriaAUT | $87.2M | 66 | 4 |
| 9 | IndiaIND | $58.4M | 117 | 4 |
| 10 | FinlandFIN | $56.6M | 44 | 4 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $476.3M | 59 | 4 |
| 2 | IndiaIND | $410.1M | 42 | 4 |
| 3 | MexicoMEX | $180.9M | 72 | 4 |
| 4 | IndonesiaIDN | $179.6M | 32 | 4 |
| 5 | GermanyDEU | $132.7M | 55 | 4 |
| 6 | ChinaCHN | $126.5M | 48 | 4 |
| 7 | RussiaRUS | $118.4M | 12 | 4 |
| 8 | Viet NamVNM | $110.7M | 28 | 4 |
| 9 | CanadaCAN | $103.0M | 48 | 4 |
| 10 | Republic of KoreaKOR | $88.2M | 34 | 4 |
HS6 product coverage
The products inside HS4 8454
Six-digit classifications make the subsector specific. Browse the product workspace ↗
4 classifications shownConverters
Converters: of a type used in metallurgy or in metal foundriesHS6 845410
Ingot moulds and ladles: of a kind used in metallurgy or in metal foundriesHS6 845420
Casting machines: of a kind used in metallurgy or in metal foundriesHS6 845430
Machines: parts of converters, ladles, ingot moulds and casting machines, of a kind used in metallurgy or in metal foundriesHS6 845490
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.