Overview: In 2018, Electric Motors were the world's 55th most traded product, with a total trade of $57.8B. Between 2017 and 2018 the exports of Electric Motors grew by 9.98%, from $52.5B to $57.8B. Trade in Electric Motors represent 0.31% of total world trade.
Exports: In 2018 the top exporters of Electric Motors were China ($13.2B), Germany ($8.58B), United States ($3.91B), Mexico ($3.75B), and Japan ($3.17B).
Imports: In 2018 the top importers of Electric Motors were United States ($9.94B), Germany ($5.72B), China ($3.23B), Mexico ($2.74B), and Japan ($1.94B).
Tariffs: In 2018 the average tariff for Electric Motors was 5.79%, been the 498 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Motors are Bahamas (40.2%), Maldives (30.8%), Iran (28.5%), Bermuda (19.4%), and Finland (16.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Electric Motors ranks 227th in the Product Complexity Index (PCI).