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2022
Exports $63.6MWorld Rnk 16 / 158
Flag Rnk 532 / 1212
2022
Destination $3.42M Thailand
2021 - 2022
FASTEST GROWING MARKET $3.42MSouth Africa
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $229MWorld Rnk 3 / 213
Flag Rnk 287 / 1206
2022
Origin $16M China
2021 - 2022
FASTEST GROWING ORIGIN $16MUnited States
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $63.6M in Industrial Furnaces, making it the 16th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 532nd most exported product in India. The main destination of Industrial Furnaces exports from India are: Thailand ($6.37M), Nigeria ($5.71M), South Africa ($4M), Bahrain ($3.36M), and Tanzania ($3.06M).

The fastest growing export markets for Industrial Furnaces of India between 2021 and 2022 were South Africa ($3.42M), Bahrain ($3.04M), and Nigeria ($2.77M).

Imports In 2022, India imported $229M in Industrial Furnaces, becoming the 3rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 287th most imported product in India. India imports Industrial Furnaces primarily from: China ($106M), Italy ($25.1M), United States ($18.7M), Germany ($17M), and Brazil ($10.5M).

The fastest growing import markets in Industrial Furnaces for India between 2021 and 2022 were United States ($16M), Brazil ($8.92M), and Italy ($8.1M).

Latest Trends

Jul 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 (2022)$63.6M
IMPORTS (2022)$229M
NET TRADE (2022)-$166M

In 2022, India exported $63.6M in Industrial Furnaces. The main destinations of India exports on Industrial Furnaces were Thailand ($6.37M), Nigeria ($5.71M), South Africa ($4M), Bahrain ($3.36M), and Tanzania ($3.06M).

In 2022, India imported $229M in Industrial Furnaces, mainly from China ($106M), Italy ($25.1M), United States ($18.7M), Germany ($17M), and Brazil ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR India WERE (2021 - 2022):
South Africa$3.42M (584%)
Bahrain$3.04M (956%)
Nigeria$2.77M (94.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY India WERE (2021 - 2022):
United States-$2.85M (-54.1%)
Russia-$2.19M (-80.8%)
Oman-$1.68M (-65.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, India's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.11M
TOP IMPORT POTENTIALChina+ $45.2M

Industrial Furnaces’s highest export potential is United States. With an export gap of $3.11M.   Industrial Furnaces’s highest import potential is China with an import gap of $45.2M.

See methodology.

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