Overview: In 2018, Electrical Transformers were the world's 26th most traded product, with a total trade of $92.4B. Between 2017 and 2018 the exports of Electrical Transformers grew by 9.71%, from $84.3B to $92.4B. Trade in Electrical Transformers represent 0.5% of total world trade.
Exports: In 2018 the top exporters of Electrical Transformers were China ($30.1B), Germany ($9.44B), United States ($4.77B), Japan ($4.28B), and Mexico ($2.95B).
Imports: In 2018 the top importers of Electrical Transformers were United States ($14.5B), Hong Kong ($8.13B), Germany ($6.99B), China ($5.69B), and Mexico ($3.4B).
Tariffs: In 2018 the average tariff for Electrical Transformers was 6.67%, been the 641 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electrical Transformers are Bahamas (36.8%), Iran (27%), Bermuda (22.9%), Maldives (20.6%), and Cambodia (16.1%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking: Electrical Transformers ranks 297th in the Product Complexity Index (PCI).