Overview: In 2018, Electromagnets were the world's 341st most traded product, with a total trade of $9.36B. Between 2017 and 2018 the exports of Electromagnets grew by 11.5%, from $8.39B to $9.36B. Trade in Electromagnets represent 0.051% of total world trade.
Exports: In 2018 the top exporters of Electromagnets were China ($3.33B), Germany ($1.2B), Japan ($1.1B), Philippines ($394M), and United States ($390M).
Imports: In 2018 the top importers of Electromagnets were Germany ($1.18B), United States ($1.14B), China ($706M), Japan ($573M), and Hong Kong ($416M).
Tariffs: In 2018 the average tariff for Electromagnets was 6.7%, been the 637 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electromagnets are Bahamas (40.2%), Iran (32%), Uzbekistan (28.7%), Maldives (25.4%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Electromagnets ranks 78th in the Product Complexity Index (PCI).