In 2023, China dominated global exports of electric motors with output not exceeding 37.5 Watts, contributing 71.53% of total exports. Thailand and Switzerland followed, holding 10.54% and 5.45% respectively. Over the past year, China saw a slight decline, while India and Romania displayed notable growth with increases of 5.12% and 5.62% respectively. Other countries with positive trends include Canada with a 12.98% surge and small scale exporters like Bolivia and Uganda, with significant boosts of 86.23% and 326.37% respectively. Conversely, Brazil's exports plummeted 19.54%.
Looking forward, trends to watch include the growth potential in emerging markets and the impact of technological advancements on global export dynamics. Continued scrutiny on sustainability and efficiency could further influence market shares. Asia's role is expected to remain substantial, with a possible shift in shares favoring manufacturers investing in innovation and cost-effective solutions.
Top countries in Export of Electric Motors of an Output Not Exceeding 37.5 Watts Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 71.53 | 2023 | -2.44% | -2.07% | View data |
| 2 | 2 Thailand | 10.54 | 2023 | -0.064% | +0.49% | View data |
| 3 | 3 Switzerland | 5.45 | 2023 | +2.23% | +1.66% | View data |
| 4 | 4 Italy | 2.32 | 2023 | +3.12% | +4.03% | View data |
| 5 | 5 United States | 1.52 | 2023 | +1.29% | +1.29% | View data |
| 6 | 6 India | 1.39 | 2023 | +3.81% | +5.12% | View data |
| 7 | 7 Romania | 1.05 | 2023 | +4.58% | +5.62% | View data |
| 8 | 8 Czech Republic | 0.76 | 2023 | +2.51% | -0.068% | View data |
| 9 | 9 Slovakia | 0.58 | 2023 | +5.21% | +3.68% | View data |
| 10 | 10 Poland | 0.31 | 2023 | +1.79% | +0.76% | View data |
