Overview: In 2018, Electric Furnaces were the world's 478th most traded product, with a total trade of $5.37B. Between 2017 and 2018 the exports of Electric Furnaces grew by 17.6%, from $4.57B to $5.37B. Trade in Electric Furnaces represent 0.029% of total world trade.
Exports: In 2018 the top exporters of Electric Furnaces were Germany ($883M), China ($717M), United States ($587M), Japan ($560M), and Italy ($524M).
Imports: In 2018 the top importers of Electric Furnaces were China ($859M), United States ($511M), Germany ($240M), Mexico ($209M), and South Korea ($184M).
Tariffs: In 2018 the average tariff for Electric Furnaces was 4.62%, been the 888 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Furnaces are Bahamas (40.2%), Hungary (25%), Bermuda (25%), Iran (19.8%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Electric Furnaces ranks 41st in the Product Complexity Index (PCI).