2022
Exports
$5.98MWorld Rnk 47 / 159
Flag Rnk 375 / 1158
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$12.4MWorld Rnk 62 / 209
Flag Rnk 454 / 1188
2022
ECONOMIC COMPLEXITY of Ukraine
0.5Rnk 44 / 133

About

Exports In 2022, Ukraine exported $5.98M in Electric Furnaces, making it the 47th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 375th most exported product in Ukraine. The main destination of Electric Furnaces exports from Ukraine are: China ($2.5M), Uzbekistan ($742k), Poland ($537k), Germany ($487k), and Azerbaijan ($437k).

The fastest growing export markets for Electric Furnaces of Ukraine between 2021 and 2022 were China ($2.34M), Uzbekistan ($570k), and Azerbaijan ($437k).

Imports In 2022, Ukraine imported $12.4M in Electric Furnaces, becoming the 62nd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 454th most imported product in Ukraine. Ukraine imports Electric Furnaces primarily from: Italy ($3.89M), Germany ($1.91M), Brazil ($1.76M), China ($1.32M), and Poland ($829k).

The fastest growing import markets in Electric Furnaces for Ukraine between 2021 and 2022 were Brazil ($1.76M), Poland ($288k), and Canada ($70.8k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.98M
IMPORTS (2022)$12.4M
NET TRADE (2022)-$6.44M

In 2022, Ukraine exported $5.98M in Electric Furnaces. The main destinations of Ukraine exports on Electric Furnaces were China ($2.5M), Uzbekistan ($742k), Poland ($537k), Germany ($487k), and Azerbaijan ($437k).

In 2022, Ukraine imported $12.4M in Electric Furnaces, mainly from Italy ($3.89M), Germany ($1.91M), Brazil ($1.76M), China ($1.32M), and Poland ($829k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Ukraine WERE (2021 - 2022):
China$2.34M (1.46k%)
Uzbekistan$570k (332%)
Azerbaijan$437k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Ukraine WERE (2021 - 2022):
Kazakhstan-$1.58M (-99.5%)
Belarus-$281k (-88.3%)
Russia-$271k (-93.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ukraine's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Ukraine'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 POTENTIALChina+ $1.1M
TOP IMPORT POTENTIALGermany+ $806k

Electric Furnaces’s highest export potential is China. With an export gap of $1.1M.   Electric Furnaces’s highest import potential is Germany with an import gap of $806k.

See methodology.

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