Motor Market - China’s Motor Exports Maintain Strong Positions

Electric Motors And Generators August 19, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

motor market

China continued its dominance in the global motor trade. In 2014, China exported 2,640 million units of motors totaling 5,254 million USD, 11% over the previous year. Its primary trading partner was the U.S., where it supplied 17% of its total motor exports in value terms, accounting for 22% of the U.S.'s total imports.

From 2007 to 2014, China was a net exporter of motors. Over this period, exports on the motor market consistently exceeded imports in value terms. In physical terms, exports exceeded imports as well.

Germany and the U.S. were among the other main global suppliers of motors in 2014. The fastest growing exporters from 2007 to 2014 were Switzerland (+8% per year) and the U.S. (+6% per year). Still, it was China that continued to strengthen its position in the global export structure.

China's top 5 trading partners in 2014 were the U.S., Japan, Germany, the Republic of Korea and Thailand, with a combined 44% share of China's motor exports. The share of the U.S. increased (+5 percentage points), while the share of Japan illustrated negative dynamics (-5 percentage points).

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Source: World: Motors Of An Output Not Exceeding 37.5 W; Other Dc Motors And Dc Generators - Market Report. Analysis and Forecast to 2020