2023
Exports
$701MWorld Rnk 2 / 154
Flag Rnk 347 / 1215
2023
PRODUCT COMPLEXITY IN Industrial Furnaces
0.99Rnk 180 / 1025
2023
Imports
$235MWorld Rnk 6 / 213
Flag Rnk 563 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $701M in Industrial Furnaces, making it the 2nd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 347th most exported product in Germany. The main destination of Industrial Furnaces exports from Germany are: United States ($60M), Netherlands ($42.8M), China ($39.2M), Spain ($36.4M), and Italy ($32.8M).

The fastest growing export markets for Industrial Furnaces of Germany between 2022 and 2023 were Brazil ($24M), Spain ($20.6M), and Italy ($17.1M).

Imports In 2023, Germany imported $235M in Industrial Furnaces, becoming the 6th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 563rd most imported product in Germany. Germany imports Industrial Furnaces primarily from: Italy ($45.4M), Spain ($31.3M), Turkey ($28.9M), China ($25.5M), and Czechia ($23.5M).

The fastest growing import markets in Industrial Furnaces for Germany between 2022 and 2023 were Italy ($17.4M), Czechia ($12.4M), and Spain ($7.68M).

COMPANIES In 2023, leading companies such as Electrolux (1), Schaeffler Group (1), and ABB Motors and Mechanical (1) were at the forefront of shipping Industrial Furnaces from Germany to the United States.

Latest Trends

Dec 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 Industrial 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 (2023)$701M
IMPORTS (2023)$235M
NET TRADE (2023)$466M

In 2023, Germany exported $701M in Industrial Furnaces. The main destinations of Germany exports on Industrial Furnaces were United States ($60M), Netherlands ($42.8M), China ($39.2M), Spain ($36.4M), and Italy ($32.8M).

In 2023, Germany imported $235M in Industrial Furnaces, mainly from Italy ($45.4M), Spain ($31.3M), Turkey ($28.9M), China ($25.5M), and Czechia ($23.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Brazil$24M (358%)
Spain$20.6M (130%)
Italy$17.1M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Germany WERE (2022 - 2023):
China-$41.1M (-51.2%)
Russia-$28.6M (-83.5%)
Turkey-$16.7M (-35.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Industrial Furnaces were:
In 2023, Germany's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $9.44M
TOP IMPORT POTENTIALChina+ $12M

Industrial Furnaces’s highest export potential is Netherlands. With an export gap of $9.44M.   Industrial Furnaces’s highest import potential is China with an import gap of $12M.

See methodology.

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