# Converters (HS4 8454) Trade Overview | Yugalinks

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Converters at HS4 8454, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/8454

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## Answer

The converters subsector recorded $3.2B in reported global trade in 2024, with -5.7% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $3.2B |
| Latest annual change | -5.7% |
| Active exporters | 142 |
| Active importers | 187 |
| Active HS6 products | 4 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $1.8B | 1,799 | 4 |
| 1996 | $1.9B | 1,826 | 4 |
| 1997 | $1.7B | 1,791 | 4 |
| 1998 | $1.6B | 1,741 | 4 |
| 1999 | $1.4B | 2,085 | 4 |
| 2000 | $1.3B | 2,156 | 4 |
| 2001 | $1.3B | 2,197 | 4 |
| 2002 | $1.3B | 2,226 | 4 |
| 2003 | $1.6B | 2,237 | 4 |
| 2004 | $2.2B | 2,411 | 4 |
| 2005 | $2.6B | 2,437 | 4 |
| 2006 | $3.2B | 2,512 | 4 |
| 2007 | $3.4B | 2,653 | 4 |
| 2008 | $4.1B | 2,715 | 4 |
| 2009 | $3.1B | 2,585 | 4 |
| 2010 | $3.1B | 2,641 | 4 |
| 2011 | $3.7B | 2,753 | 4 |
| 2012 | $3.6B | 2,704 | 4 |
| 2013 | $3.4B | 2,731 | 4 |
| 2014 | $3.6B | 2,851 | 4 |
| 2015 | $3.1B | 2,786 | 4 |
| 2016 | $2.7B | 2,746 | 4 |
| 2017 | $2.7B | 2,867 | 4 |
| 2018 | $2.9B | 2,885 | 4 |
| 2019 | $3.0B | 2,850 | 4 |
| 2020 | $2.2B | 2,705 | 4 |
| 2021 | $2.4B | 2,820 | 4 |
| 2022 | $2.7B | 2,847 | 4 |
| 2023 | $3.3B | 2,875 | 4 |
| 2024 | $3.2B | 2,809 | 4 |

## Leading corridors

- China to India: $206.6M; growth +50.4%.
- China to Indonesia: $142.9M; growth +62.7%.
- China to Russia: $113.5M; growth +70.3%.
- Canada to USA, Puerto Rico and US Virgin Islands: $98.0M; growth +5.1%.
- China to Mexico: $78.2M; growth +83.6%.
- Japan to USA, Puerto Rico and US Virgin Islands: $76.5M; growth +10.4%.
- China to Viet Nam: $69.8M; growth +20.6%.
- Italy to USA, Puerto Rico and US Virgin Islands: $55.8M; growth +5.8%.
- China to USA, Puerto Rico and US Virgin Islands: $53.7M; growth +26.7%.
- Japan to China: $48.1M; growth -11.3%.

## HS6 products

- Converters: of a type used in metallurgy or in metal foundries (HS6 845410)
- Ingot moulds and ladles: of a kind used in metallurgy or in metal foundries (HS6 845420)
- Casting machines: of a kind used in metallurgy or in metal foundries (HS6 845430)
- Machines: parts of converters, ladles, ingot moulds and casting machines, of a kind used in metallurgy or in metal foundries (HS6 845490)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.