Overview: This page contains the latest trade data of Electrical Transformers. In 2019, Electrical Transformers were the world's 26th most traded product, with a total trade of $94.3B. Between 2018 and 2019 the exports of Electrical Transformers grew by 0.65%, from $93.7B to $94.3B. Trade in Electrical Transformers represent 0.52% of total world trade.
Exports: In 2019 the top exporters of Electrical Transformers were China ($30.8B), Germany ($9.06B), United States ($5.45B), Japan ($4.32B), and Mexico ($3.28B).
Imports: In 2019 the top importers of Electrical Transformers were United States ($14.7B), Hong Kong ($7.58B), Germany ($6.97B), China ($5.14B), and Mexico ($3.42B).
Tariffs: In 2018 the average tariff for Electrical Transformers was 6.67%, making it the 641st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electrical Transformers are Bahamas (36.8%), Iran (27%), Bermuda (22.9%), Maldives (20.6%), and Cambodia (16.1%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking: Electrical Transformers ranks 262nd in the Product Complexity Index (PCI).
Description: Electrical transformers are used to convert electricity from one form to another. They can be made of a variety of materials, including iron, copper, and aluminum.