Overview: This page contains the latest trade data of Electric Generating Sets. In 2019, Electric Generating Sets were the world's 166th most traded product, with a total trade of $23.3B. Between 2018 and 2019 the exports of Electric Generating Sets grew by 3.36%, from $22.5B to $23.3B. Trade in Electric Generating Sets represent 0.13% of total world trade.
Exports: In 2019 the top exporters of Electric Generating Sets were China ($4.71B), Germany ($3.47B), Denmark ($3.03B), United States ($1.94B), and Spain ($1.05B).
Imports: In 2019 the top importers of Electric Generating Sets were United States ($1.61B), Germany ($1.4B), Canada ($919M), Netherlands ($733M), and Russia ($708M).
Tariffs: In 2018 the average tariff for Electric Generating Sets was 5.49%, making it the 752nd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Generating Sets are Bermuda (26.3%), Maldives (19.6%), Iran (17.2%), Finland (15%), and Brazil (12.5%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Electric Generating Sets ranks 460th in the Product Complexity Index (PCI).
Description: Electric generating sets are used to produce electricity. They are usually powered by a combustion engine, but can also be powered by other sources of energy. Rotary converters are used to convert one form of energy into another.