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China’s transformer exports decreased by 60%

Sep 10, 2021
Companies
Posted by Staff

The value of export for electrical power transformers in China has decreased by 64% for the second quarter 2021 compared to the same quarter in 2020.

According to German real-time industrial intelligence provider Fygen, a decrease of 64% in Q2 2021, compared to Q2 2020, of the value of export for all sizes of electrical power transformers in China has been observed – together with a decrease of 20% from the value of import, due to the global shipping crisis.

The up-to-date statistical data covers the export and import data as well as production value for all sizes of electrical power transformers exceeding a capacity of 1 MVA. The coverage includes small, medium and large-sized transformers, as well as distribution transformers. The data is updated at the end of each quarter.

Not only tracking the global trade development, Fygen.com is a world leading data provider for individual factory observations (i.e. factory activity based on real-world data). It helps its clients to monitor utilization rates and activity levels of potentially more than 3 million industrial sites.

Photo: Pixabay / nnqooh

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