Exports saw both volume and price increases, with core categories performing exceptionally well. Data shows that in 2025, China's total transformer exports reached a record high of 64.6 billion yuan, a year-on-year increase of 35.6%. The average export price per unit climbed to 205,000 yuan, a year-on-year increase of 33%, highlighting the competitiveness of Chinese products. This growth momentum continued in 2026, with cumulative transformer exports reaching 35.092 billion yuan from January to September, a year-on-year increase of over 52%, and September alone seeing a remarkable 60.4% year-on-year increase. Furthermore, sub-categories such as electromagnetic wire and relays also saw significant growth. In the first half of 2025, overseas exports of flat electromagnetic wire increased by 30% year-on-year, and Xiamen's relay exports accounted for 99.64% of the national total, reaching over 120 countries and regions, becoming a benchmark for exports in its respective sub-sectors.
The global market is fragmented, regional opportunities are emerging, and compliance requirements are being tightened. The European and American markets have become the hardest hit by shortages. The delivery cycle for large transformers in the United States has extended to 127 weeks, and the over-service rate of European power grid equipment has reached 40%. The two countries have launched trillion-yuan-level power grid investment plans, driving a surge in demand for high-efficiency transformers. Demand is robust in emerging markets such as Southeast Asia and the Middle East. In 2025, China's transformer exports to Thailand increased by 34.21% year-on-year, and exports to countries along the Belt and Road Initiative reached US$741 million. Meanwhile, the new Eurasian Economic Union (EAC) certification regulations will be enforced in 2026, with stricter requirements for digital traceability and document standardization. South Korea's KCC electromagnetic compatibility regulations are also being implemented, forcing companies to improve their compliance systems and mitigate export risks.
The entire industry chain is empowered, with leading companies driving the upgrade of overseas expansion. China possesses the world's most complete electromagnetic equipment production system, accounting for 60% of global transformer production capacity and over 70% of the global market share for high-end grain-oriented silicon steel, a core raw material. This has created a complete self-sufficiency advantage "from minerals to finished products," with product prices 20%-30% lower than those in Europe and the United States, and delivery cycles only one-fifth of those of overseas companies. Leading companies such as TBEA and China XD Electric have shown outstanding performance. In 2025, TBEA's exports exceeded 6 billion yuan, securing a 16.4 billion yuan order from Saudi Arabia. China XD Electric's overseas revenue from the European market accounted for 60%, leading the industry's transformation from "product export" to "brand globalization."
Looking ahead to 2026, the three main demand drivers-global power grid upgrades, new energy transformation, and computing power construction-will continue to drive growth, maintaining the high-growth cycle in the electromagnetic industry's foreign trade. For foreign trade enterprises, accurately grasping regional market demands, establishing a sound compliance system, and focusing on high-end product upgrades will be key to seizing global market share and helping China's electromagnetic industry maintain its leading position in global competition.
