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Pricing

2022
Exports $149MWorld Rnk 6 / 158
Flag Rnk 328 / 1216
2022
Destination $5.02M United States
2021 - 2022
FASTEST GROWING MARKET $5.02MGreece
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $64.6MWorld Rnk 23 / 213
Flag Rnk 689 / 1214
2022
Origin $6.28M Italy
2021 - 2022
FASTEST GROWING ORIGIN $6.28MGermany
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $149M in Industrial Furnaces, making it the 6th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 328th most exported product in United Kingdom. The main destination of Industrial Furnaces exports from United Kingdom are: United States ($12.9M), France ($11.8M), Saudi Arabia ($7.63M), Poland ($7.1M), and Greece ($7.05M).

The fastest growing export markets for Industrial Furnaces of United Kingdom between 2021 and 2022 were Greece ($5.02M), United States ($4.13M), and Romania ($3.71M).

Imports In 2022, United Kingdom imported $64.6M in Industrial Furnaces, becoming the 23rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 689th most imported product in United Kingdom. United Kingdom imports Industrial Furnaces primarily from: Italy ($14.5M), Germany ($10.3M), United States ($6.18M), China ($5.15M), and Netherlands ($3.48M).

The fastest growing import markets in Industrial Furnaces for United Kingdom between 2021 and 2022 were Germany ($6.28M), Italy ($4.54M), and Netherlands ($2.77M).

COMPANIES In 2023, leading companies such as Tesla (2) were at the forefront of shipping Industrial Furnaces from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Industrial Furnaces exports accounted up to £12.6M and imports accounted up to £5.61M, resulting in a positive trade balance of £6.98M. Between August 2023 and August 2024 the exports of United Kingdom's   Industrial Furnaces have increased by £204k (1.65%) from £12.4M to £12.6M, while imports decreased by £-1.39M (-19.8%) from £7M to £5.61M.

Destinations In August 2024, Industrial Furnaces were exported mostly to Italy (£3.02M), Belgium (£1.25M), United States (£1.03M), Germany (£876k), and France (£841k), and were imported mostly from Australia (£956k), Italy (£888k), Germany (£561k), Turkey (£544k), and United States (£492k).

Growth In August 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to Poland (£2.02M or 124k%), Argentina (£875k or 30k%), and Netherlands (£693k or 366%). In August 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-209k or -87.1%), China (£-167k or -70.4%), and Italy (£-141k or -30.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£204k(1.65%)
IMPORT GROWTH (August 2023 - August 2024)£-1.39M(-19.8%)
MAIN EXPORTER (August 2024)Southampton£6.06M
MAIN DESTINATION (August 2024)Italy£3.02M

This section shows Industrial Furnaces's exports and imports data at subnational level for United Kingdom. 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)$149M
IMPORTS (2022)$64.6M
NET TRADE (2022)$84.3M

In 2022, United Kingdom exported $149M in Industrial Furnaces. The main destinations of United Kingdom exports on Industrial Furnaces were United States ($12.9M), France ($11.8M), Saudi Arabia ($7.63M), Poland ($7.1M), and Greece ($7.05M).

In 2022, United Kingdom imported $64.6M in Industrial Furnaces, mainly from Italy ($14.5M), Germany ($10.3M), United States ($6.18M), China ($5.15M), and Netherlands ($3.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Greece$5.02M (246%)
United States$4.13M (47.2%)
Romania$3.71M (628%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY United Kingdom WERE (2021 - 2022):
Kazakhstan-$4.62M (-99.4%)
Kuwait-$2.24M (-49.4%)
Switzerland-$2.08M (-88.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, United Kingdom'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 POTENTIALUnited States+ $4.23M
TOP IMPORT POTENTIALChina+ $4.62M

Industrial Furnaces’s highest export potential is United States. With an export gap of $4.23M.   Industrial Furnaces’s highest import potential is China with an import gap of $4.62M.

See methodology.

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