Overview: This page contains the latest trade data of Electric Furnaces. In 2019, Electric Furnaces were the world's 463rd most traded product, with a total trade of $5.65B. Between 2018 and 2019 the exports of Electric Furnaces grew by 3.87%, from $5.44B to $5.65B. Trade in Electric Furnaces represent 0.031% of total world trade.
Exports: In 2019 the top exporters of Electric Furnaces were China ($1.01B), Germany ($901M), United States ($566M), Japan ($551M), and Italy ($516M).
Imports: In 2019 the top importers of Electric Furnaces were China ($763M), United States ($577M), Indonesia ($377M), Germany ($219M), and Japan ($184M).
Tariffs: In 2018 the average tariff for Electric Furnaces was 4.62%, making it the 888th 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 72nd in the Product Complexity Index (PCI).
Description: Industrial or laboratory electric furnaces and ovens are used to heat materials. They can be made from a variety of materials, including steel, aluminum, copper, and other metals.