NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $638MWorld Rnk 3 / 160
Flag Rnk 210 / 1216
2023
Destination $21.2M United States
2022 - 2023
FASTEST GROWING MARKET $21.2MUzbekistan
2023
PRODUCT COMPLEXITY IN Electric Furnaces1.62Rnk 31 / 1025
2023
Imports $142MWorld Rnk 14 / 206
Flag Rnk 504 / 1213
2023
Origin $4.66M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.66MFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $638M in Electric Furnaces, making it the 3rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 210th most exported product in Italy. The main destination of Electric Furnaces exports from Italy are: United States ($61.8M), Germany ($53.7M), Russia ($33.7M), France ($30.6M), and China ($24.3M).

The fastest growing export markets for Electric Furnaces of Italy between 2022 and 2023 were Uzbekistan ($21.2M), South Korea ($10.7M), and Algeria ($9.13M).

Imports In 2023, Italy imported $142M in Electric Furnaces, becoming the 14th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 504th most imported product in Italy. Italy imports Electric Furnaces primarily from: Germany ($53.7M), United States ($12.5M), Switzerland ($12.4M), China ($11.9M), and France ($9.08M).

The fastest growing import markets in Electric Furnaces for Italy between 2022 and 2023 were France ($4.66M), Romania ($4.24M), and United Kingdom ($3.11M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (4), BSH Home Appliances (1), and SMP Automotive (1) were at the forefront of shipping Electric Furnaces from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Electric Furnaces exports accounted up to €64.6M and imports accounted up to €11.9M, resulting in a positive trade balance of €52.7M. Between October 2023 and October 2024 the exports of Italy's   Electric Furnaces have increased by €9.41M (17.1%) from €55.2M to €64.6M, while imports increased by €2.91M (32.4%) from €8.96M to €11.9M.

Destinations In October 2024, Electric Furnaces were exported mostly to United States (€12.6M), France (€7.59M), Germany (€6.5M), Russia (€3.78M), and Sweden (€3.68M), and were imported mostly from Germany (€6.63M), China (€1.72M), Romania (€1.18M), United States (€524k), and United Kingdom (€507k).

Growth In October 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to Indonesia (€1.81M or 622%), France (€1.7M or 62.6%), and Sweden (€1.26M or 585%). In October 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Germany (€3.68M or 238%), France (€1.27M or 542%), and Romania (€666k or 274%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€9.41M(17.1%)
IMPORT GROWTH (October 2023 - October 2024)€2.91M(32.4%)
MAIN DESTINATION (October 2024)United States€12.6M

This section shows Electric Furnaces's exports and imports data at subnational level for Italy. 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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$638M
IMPORTS (2023)$142M
NET TRADE (2023)$496M

In 2023, Italy exported $638M in Electric Furnaces. The main destinations of Italy exports on Electric Furnaces were United States ($61.8M), Germany ($53.7M), Russia ($33.7M), France ($30.6M), and China ($24.3M).

In 2023, Italy imported $142M in Electric Furnaces, mainly from Germany ($53.7M), United States ($12.5M), Switzerland ($12.4M), China ($11.9M), and France ($9.08M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Uzbekistan$21.2M (3.01k%)
South Korea$10.7M (108%)
Algeria$9.13M (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Italy WERE (2022 - 2023):
United States-$7.9M (-11.3%)
France-$6.61M (-17.8%)
China-$6.06M (-19.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Electric Furnaces were:
China $1.28B
Germany $988M
In 2023, Italy's main importing competitors in Electric Furnaces were:
United States $739M
China $650M
Indonesia $304M

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $15.7M
TOP IMPORT POTENTIALChina+ $6.19M

Electric Furnaces’s highest export potential is China. With an export gap of $15.7M.   Electric Furnaces’s highest import potential is China with an import gap of $6.19M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms