2022
Exports
$54.4MWorld Rnk 20 / 159
Flag Rnk 428 / 1193
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$208MWorld Rnk 5 / 209
Flag Rnk 321 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $54.4M in Electric Furnaces, making it the 20th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 428th most exported product in Mexico. The main destination of Electric Furnaces exports from Mexico are: United States ($45.8M), Brazil ($892k), Canada ($887k), Spain ($862k), and India ($652k).

The fastest growing export markets for Electric Furnaces of Mexico between 2021 and 2022 were United States ($13.9M), Spain ($858k), and Slovakia ($614k).

Imports In 2022, Mexico imported $208M in Electric Furnaces, becoming the 5th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 321st most imported product in Mexico. Mexico imports Electric Furnaces primarily from: United States ($66.6M), China ($44.3M), Hungary ($16.9M), Germany ($16.6M), and Italy ($13.3M).

The fastest growing import markets in Electric Furnaces for Mexico between 2021 and 2022 were China ($18.7M), Hungary ($12.7M), and United States ($10.4M).

COMPANIES In 2023, leading companies such as Ford Motor Company (5), Robert Bosch (2), and ZF Friedrichshafen (2) were at the forefront of shipping Electric Furnaces from Mexico to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$54.4M
IMPORTS (2022)$208M
NET TRADE (2022)-$154M

In 2022, Mexico exported $54.4M in Electric Furnaces. The main destinations of Mexico exports on Electric Furnaces were United States ($45.8M), Brazil ($892k), Canada ($887k), Spain ($862k), and India ($652k).

In 2022, Mexico imported $208M in Electric Furnaces, mainly from United States ($66.6M), China ($44.3M), Hungary ($16.9M), Germany ($16.6M), and Italy ($13.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$13.9M (43.8%)
Spain$858k (22.1k%)
Slovakia$614k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Mexico WERE (2021 - 2022):
China-$1.14M (-78.2%)
Guatemala-$604k (-99.1%)
Japan-$146k (-62.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Mexico's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Mexico's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.65M
TOP IMPORT POTENTIALChina+ $5.1M

Electric Furnaces’s highest export potential is United States. With an export gap of $8.65M.   Electric Furnaces’s highest import potential is China with an import gap of $5.1M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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