According to China Customs statistics, from January to June 2020, China’s exports of major transformers and parts and accessories were US$910 million, an increase of 14.0% over the same period in 2019 (the same below). Among them, exports to Pakistan were US$200 million, a substantial increase of 1658.8%, accounting for 22.4% of China’s total exports of transformers to the world, making it China’s largest export destination. Other countries with a faster growth rate are exports to the United States of US$60 million, an increase of 70.6%; exports to Egypt US$50 million, an increase of 26.6%; exports to Myanmar US$30 million, an increase of 400.5%.
At present, with the rapid development of the global power market, developing countries have an urgent need to improve the entire power system. The replacement of existing transformers and the adoption of smart grids and smart transformers have greatly promoted the development of the global power transformer market. Take the Pakistani market as an example. Most of Pakistan's power transmission and transformation lines and equipment were installed in the 1970s and 1980s. Some remote areas have never undergone renovation. The loss of electricity during the transportation process is serious and urgently needs to be upgraded. In the first half of the year, China’s exports of key power equipment to Pakistan totaled US$400 million, an increase of 6.1%, of which transformers and parts and accessories accounted for over half of the total. The peak shipment period of key power transmission and transformation projects under construction by Chinese companies in Pakistan has also promoted equipment exports.