In 2023, global exports of parts and accessories for automatic controls were dominated by Japan, with a significant lead over other countries. China's export growth was notable, while the United States experienced a decline. European countries like Germany, the United Kingdom, and France held significant shares, although with varied growth rates. Noteworthy advancements were seen in Belgium and Poland with robust year-on-year increases. Contrarily, Singapore and Norway saw decreases, with Singapore facing the largest drop among major exporters.
Future trends may include continued growth in emerging markets like Mongolia and countries with significant year-on-year increases, such as Saudi Arabia and Egypt. Additionally, countries investing in automation and technology, such as India and China, are likely to expand their export capacities. However, geopolitical factors and supply chain disruptions might pose challenges to global trade dynamics.
Top countries in Export of Parts and Accessories for Automatic Controls Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 40.88 | 2023 | +1.62% | +1.19% | View data |
| 2 | 2 China | 11.4 | 2023 | +2.51% | +2% | View data |
| 3 | 3 Germany | 7.87 | 2023 | +0.27% | +0.077% | View data |
| 4 | 4 United States | 5.75 | 2023 | -2.6% | -3.44% | View data |
| 5 | 5 United Kingdom | 5.4 | 2023 | +2.62% | +2.39% | View data |
| 6 | 6 France | 3.6 | 2023 | +0.96% | +0.91% | View data |
| 7 | 7 Mexico | 2.68 | 2023 | +0.86% | +0.053% | View data |
| 8 | 8 Malaysia | 2.25 | 2023 | -1.02% | -4.51% | View data |
| 9 | 9 Italy | 2.23 | 2023 | +0.47% | +0.44% | View data |
| 10 | 10 Hungary | 1.67 | 2023 | +0.32% | -1.51% | View data |
