Electric Furnaces in India | The Observatory of Economic Complexity

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Exports In 2022, India exported $129M in Electric Furnaces, making it the 11th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 379th most exported product in India. The main destination of Electric Furnaces exports from India are: Bangladesh ($14.8M), United States ($10.6M), Iraq ($10.4M), United Arab Emirates ($10.3M), and Nepal ($9.14M).

The fastest growing export markets for Electric Furnaces of India between 2021 and 2022 were Iraq ($9.89M), Saudi Arabia ($4.68M), and Bangladesh ($4.39M).

Imports In 2022, India imported $165M in Electric Furnaces, becoming the 9th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 353rd most imported product in India. India imports Electric Furnaces primarily from: China ($53.1M), Germany ($30.6M), United States ($16.3M), France ($12.4M), and Italy ($9.7M).

The fastest growing import markets in Electric Furnaces for India between 2021 and 2022 were Germany ($12.2M), China ($7.79M), and United States ($4.33M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (670), ROBERT BOSCH TOOL CORPORATION (201), and ZF CV SYSTEMS NORTH AMERICA LLC (20) were at the forefront of shipping Electric Furnaces from India to the United States.

Feb 2024

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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EXPORTS (2022)$129M

IMPORTS (2022)$165M

NET TRADE (2022)-$35.3M

In 2022, India exported $129M in Electric Furnaces. The main destinations of India exports on Electric Furnaces were Bangladesh ($14.8M), United States ($10.6M), Iraq ($10.4M), United Arab Emirates ($10.3M), and Nepal ($9.14M).

In 2022, India imported $165M in Electric Furnaces, mainly from China ($53.1M), Germany ($30.6M), United States ($16.3M), France ($12.4M), and Italy ($9.7M).