Overview This page contains the latest trade data of Electromagnets. In 2021, Electromagnets were the world's 322nd most traded product, with a total trade of $11.3B. Between 2020 and 2021 the exports of Electromagnets grew by 32.8%, from $8.54B to $11.3B. Trade in Electromagnets represent 0.00054% of total world trade.
Electromagnets are a part of Electrical machinery and electronics. They include Metal permanent magnets, articles intended as magnets, Electro-magnets nes and parts of magnetic devices, Permanent magnets & articles intended as magnets, nes, Electro-magnetic couplings, clutches and brakes, and Electro-magnetic lifting heads.
Exports In 2021 the top exporters of Electromagnets were China ($4.78B), Germany ($1.26B), Japan ($1.2B), Philippines ($489M), and United States ($393M).
Imports In 2021 the top importers of Electromagnets were United States ($1.33B), Germany ($1.29B), China ($815M), Japan ($766M), and Philippines ($547M).
Tariffs In 2018 the average tariff for Electromagnets was 6.7%, making it the 641st lowest tariff using the HS4 product classification.
Ranking Electromagnets ranks 167th in the Product Complexity Index (PCI).
Description Electromagnets are used to attract or repel magnetic materials. They can be made from a variety of materials, including iron, steel, nickel, cobalt and neodymium. Permanent magnets are used in the production of electric motors and generators. They can be made from a variety of materials, including ferrite, samarium-cobalt, and neodymium-iron-boron.
Electromagnets