Overview: This page contains the latest trade data of Electric Motors. In 2019, Electric Motors were the world's 55th most traded product, with a total trade of $57.1B. Between 2018 and 2019 the exports of Electric Motors decreased by -1.49%, from $58B to $57.1B. Trade in Electric Motors represent 0.32% of total world trade.
Exports: In 2019 the top exporters of Electric Motors were China ($12.7B), Germany ($8.21B), United States ($4.19B), Mexico ($3.85B), and Japan ($3.22B).
Imports: In 2019 the top importers of Electric Motors were United States ($10.1B), Germany ($5.34B), China ($3.12B), Mexico ($2.65B), and France ($2.01B).
Tariffs: In 2018 the average tariff for Electric Motors was 6.5%, making it the 654th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Motors are Bahamas (40.2%), Maldives (30.8%), Iran (28.5%), Bermuda (19.4%), and Finland (16.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Electric Motors ranks 243rd in the Product Complexity Index (PCI).
Description: Electric motors and generators are used to power many different kinds of machines. They can be made from a variety of materials, including copper, iron, steel, aluminum, and plastic.