Overview In March 2023 China's Electric Furnaces exports accounted up to $148M and imports accounted up to $83.3M, resulting in a positive trade balance of $65.2M. Between March 2022 and March 2023 the exports of China's Electric Furnaces have increased by $61M (69.7%) from $87.5M to $148M, while imports decreased by $-8.12M (-8.88%) from $91.4M to $83.3M.
Destinations In March 2023, Electric Furnaces were exported mostly to Indonesia ($36M), Vietnam ($16.2M), United States ($13.9M), Japan ($9.48M), and Thailand ($7.91M), and were imported mostly from Germany ($25.4M), Taiwan ($9.33M), Japan ($8.95M), South Korea ($8.73M), and United States ($7.09M).
Growth In March 2023, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to N/A. In March 2023, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from N/A.