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2022
Exports $1.77BWorld Rnk 1 / 158
Flag Rnk 321 / 1216
2022
Destination $79.6M Indonesia
2021 - 2022
FASTEST GROWING MARKET $79.6MIndonesia
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $204MWorld Rnk 6 / 213
Flag Rnk 512 / 1212
2022
Origin $14.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $14.3MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.77B in Industrial Furnaces, making it the 1st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 321st most exported product in China. The main destination of Industrial Furnaces exports from China are: Indonesia ($443M), India ($106M), Vietnam ($92.7M), Turkey ($62M), and Thailand ($61.6M).

The fastest growing export markets for Industrial Furnaces of China between 2021 and 2022 were Indonesia ($79.6M), Democratic Republic of the Congo ($45.1M), and Netherlands ($40.2M).

Imports In 2022, China imported $204M in Industrial Furnaces, becoming the 6th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 512th most imported product in China. China imports Industrial Furnaces primarily from: Germany ($88.4M), Japan ($25M), Czechia ($20.9M), Italy ($16.9M), and United States ($11M).

The fastest growing import markets in Industrial Furnaces for China between 2021 and 2022 were Germany ($14.3M), Czechia ($9.46M), and Italy ($5.18M).

COMPANIES In 2023, leading companies such as Yaheetech (23), QVC Inc (5), and Euromarket Designs (2) were at the forefront of shipping Industrial Furnaces from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Industrial Furnaces exports accounted up to $171M and imports accounted up to $12.1M, resulting in a positive trade balance of $159M. Between August 2023 and August 2024 the exports of China's   Industrial Furnaces have increased by $50.6M (42%) from $120M to $171M, while imports decreased by $-35.4M (-74.5%) from $47.5M to $12.1M.

Destinations In August 2024, Industrial Furnaces were exported mostly to Indonesia ($29.5M), Vietnam ($27.2M), Russia ($18.7M), India ($16.7M), and United Arab Emirates ($8.76M), and were imported mostly from Czechia ($3.48M), Germany ($2.83M), United Kingdom ($2.82M), Italy ($1.36M), and Japan ($648k).

Growth In August 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to India ($6.65M or 77.2%), Iran ($4.26M or 940%), and Malaysia ($4.24M or 134%). In August 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from Germany ($-9.97M or -79.7%), France ($-4.29M or -93.5%), and South Korea ($-1.75M or -73.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$50.6M(42%)
IMPORT GROWTH (August 2023 - August 2024)$-35.4M(-74.5%)
MAIN EXPORTER (August 2024)Zhejiang Province$41.6M
MAIN DESTINATION (August 2024)Indonesia$29.5M

This section shows Industrial 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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.77B
IMPORTS (2022)$204M
NET TRADE (2022)$1.57B

In 2022, China exported $1.77B in Industrial Furnaces. The main destinations of China exports on Industrial Furnaces were Indonesia ($443M), India ($106M), Vietnam ($92.7M), Turkey ($62M), and Thailand ($61.6M).

In 2022, China imported $204M in Industrial Furnaces, mainly from Germany ($88.4M), Japan ($25M), Czechia ($20.9M), Italy ($16.9M), and United States ($11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$79.6M (21.9%)
Democratic Republic of the Congo$45.1M (3.46k%)
Netherlands$40.2M (693%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY China WERE (2021 - 2022):
Macau-$9.57M (-98.7%)
Malaysia-$8.68M (-16.7%)
India-$6.94M (-6.14%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Industrial Furnaces were:
Italy $645M
Germany $576M
In 2022, China's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $45.2M
TOP IMPORT POTENTIALItaly+ $8.13M

Industrial Furnaces’s highest export potential is India. With an export gap of $45.2M.   Industrial Furnaces’s highest import potential is Italy with an import gap of $8.13M.

See methodology.

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