In 2023, China led the global export market for parts of electric motors and generators with a substantial share, significantly outpacing other countries. Germany, the United States, Italy, and Japan followed, albeit with much lower shares, highlighting China’s dominant position. While countries like Poland, Finland, and Mexico saw modest increases in their export shares, others like Germany and the U.S. experienced declines. Notably, Macedonia and Kyrgyzstan displayed high year-on-year growth, albeit from smaller bases.
Future trends to watch include the increasing role of emerging markets in electric motor parts exports. Technological advancements and shifts to cleaner energy will likely influence export shares, with established markets focusing on innovation and quality, while emerging players could capitalize on cost advantages.
Top countries in Export of Parts for Electric Motors and Generators Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 30.45 | 2023 | +3.38% | +3.3% | View data |
| 2 | 2 Germany | 7.66 | 2023 | -1.86% | -1.89% | View data |
| 3 | 3 United States | 6.99 | 2023 | -0.87% | -1.28% | View data |
| 4 | 4 Italy | 5.72 | 2023 | +1.13% | +0.99% | View data |
| 5 | 5 Japan | 5.17 | 2023 | -0.68% | -0.93% | View data |
| 6 | 6 Finland | 3.56 | 2023 | +2.43% | +1.82% | View data |
| 7 | 7 Mexico | 3.38 | 2023 | +2.52% | +1.63% | View data |
| 8 | 8 India | 2.81 | 2023 | +4% | +1.54% | View data |
| 9 | 9 Poland | 2.68 | 2023 | +3.34% | +2.42% | View data |
| 10 | 10 Spain | 2.62 | 2023 | -3.91% | -4.23% | View data |
