In 2023, China dominated the global export market for electric motors under 37.5 watts, despite a slight decline of 2.07% year-on-year. Notable growth was seen in emerging markets like Uganda, which surged by 326.37%, and Bolivia with an 86.23% increase. Meanwhile, established markets such as Hungary and the UK experienced declines of 6.65% and 9.95% respectively. Over a five-year period, India and Romania showed impressive growth, indicating a strong upward trend in these regions.
Future trends to watch include potential shifts in export dynamics due to technological advancements and environmental regulations. China's dominance may face challenges as countries focus on sustainability and regional manufacturing capabilities. Additionally, growth in emerging markets is expected to continue, driven by increased local demand and international partnerships.
Top countries in Export of Electric Motors of an Output Not Exceeding 37.5 Watts by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,829,900,000 | 2023 | -2.44% | -2.07% | View data |
| 2 | 2 Thailand | 269,570,000 | 2023 | -0.064% | +0.49% | View data |
| 3 | 3 Switzerland | 139,430,000 | 2023 | +2.23% | +1.66% | View data |
| 4 | 4 Italy | 59,426,000 | 2023 | +3.12% | +4.03% | View data |
| 5 | 5 United States | 38,827,000 | 2023 | +1.29% | +1.29% | View data |
| 6 | 6 India | 35,457,000 | 2023 | +3.81% | +5.12% | View data |
| 7 | 7 Romania | 26,979,000 | 2023 | +4.58% | +5.62% | View data |
| 8 | 8 Czech Republic | 19,425,000 | 2023 | +2.51% | -0.068% | View data |
| 9 | 9 Slovakia | 14,779,000 | 2023 | +5.21% | +3.68% | View data |
| 10 | 10 Poland | 7,978,600 | 2023 | +1.79% | +0.76% | View data |
