2022
Exports
$1.22BWorld Rnk 1 / 159
Flag Rnk 397 / 1216
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$759MWorld Rnk 1 / 209
Flag Rnk 268 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.22B in Electric Furnaces, making it the 1st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 397th most exported product in China. The main destination of Electric Furnaces exports from China are: Indonesia ($227M), Vietnam ($98.9M), United States ($86.1M), Malaysia ($61.6M), and Chinese Taipei ($57M).

The fastest growing export markets for Electric Furnaces of China between 2021 and 2022 were United States ($20.2M), Mexico ($18.7M), and Kazakhstan ($15.3M).

Imports In 2022, China imported $759M in Electric Furnaces, becoming the 1st largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 268th most imported product in China. China imports Electric Furnaces primarily from: N/A.

The fastest growing import markets in Electric Furnaces for China between 2021 and 2022 were Sweden ($29.6M), Belgium ($13.9M), and South Korea ($12.1M).

COMPANIES In 2023, leading companies such as LG Electronics (1.59k), Panasonic (106), and Conair (74) were at the forefront of shipping Electric Furnaces from China to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.18M(1.93%)
IMPORT GROWTH (July 2023 - July 2024)$-24.3M(-32.4%)
MAIN EXPORTER (July 2024)Zhejiang Province$31.4M
MAIN DESTINATION (July 2024)Thailand$11.2M

This section shows Electric Furnaces's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.22B
IMPORTS (2022)$759M
NET TRADE (2022)$463M

In 2022, China exported $1.22B in Electric Furnaces. The main destinations of China exports on Electric Furnaces were Indonesia ($227M), Vietnam ($98.9M), United States ($86.1M), Malaysia ($61.6M), and Chinese Taipei ($57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$20.2M (30.7%)
Mexico$18.7M (73.2%)
Kazakhstan$15.3M (269%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY China WERE (2021 - 2022):
Indonesia-$110M (-32.6%)
Iran-$11.6M (-63.1%)
China-$5.97M (-18.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric Furnaces were:
In 2022, China's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $30.5M
TOP IMPORT POTENTIALItaly+ $15.7M

Electric Furnaces’s highest export potential is India. With an export gap of $30.5M.   Electric Furnaces’s highest import potential is Italy with an import gap of $15.7M.

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