Industrial Furnaces in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $645M in Industrial Furnaces, making it the 2nd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 207th most exported product in Italy. The main destination of Industrial Furnaces exports from Italy are: Spain ($56.5M), United States ($55M), Turkey ($38.3M), Germany ($30.8M), and Mexico ($30.5M).

The fastest growing export markets for Industrial Furnaces of Italy between 2021 and 2022 were Turkey ($20.5M), Spain ($18.6M), and Mexico ($11.7M).

Imports In 2022, Italy imported $101M in Industrial Furnaces, becoming the 14th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 584th most imported product in Italy. Italy imports Industrial Furnaces primarily from: China ($23.7M), Germany ($14.9M), Egypt ($12.6M), Denmark ($9.85M), and France ($7.03M).

The fastest growing import markets in Industrial Furnaces for Italy between 2021 and 2022 were Denmark ($8.45M), China ($5.68M), and Canada ($4.58M).

COMPANIES In 2023, leading companies such as BSH HOME APPLIANCES CORPORATION (26) were at the forefront of shipping Industrial Furnaces from Italy to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Italy's Industrial Furnaces exports accounted up to €48M and imports accounted up to €7.04M, resulting in a positive trade balance of €41M. Between December 2022 and December 2023 the exports of Italy's Industrial Furnaces have decreased by €-16.9M (-26%) from €65M to €48M, while imports decreased by €-2.41M (-25.5%) from €9.45M to €7.04M.

Destinations In December 2023, Industrial Furnaces were exported mostly to United States (€5.85M), Germany (€4.13M), Mexico (€3.49M), Romania (€2.91M), and Poland (€2.76M), and were imported mostly from Germany (€4.27M), China (€1.03M), Switzerland (€474k), United Kingdom (€391k), and Turkey (€289k).

Growth In December 2023, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia (€-5.94M or -76.1%), Germany (€-1.28M or -63.3%), and Spain (€-1.12M or -56.4%). In December 2023, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from China (€-1.05M or -34.9%), France (€-717k or -91.2%), and Romania (€-432k or -59.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-16.9M(-26%)

IMPORT GROWTH (December 2022 - December 2023)€-2.41M(-25.5%)

MAIN DESTINATION (December 2023)United States€5.85M

This section shows Industrial Furnaces's exports and imports data at subnational level for Italy. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$645M

IMPORTS (2022)$101M

NET TRADE (2022)$544M

In 2022, Italy exported $645M in Industrial Furnaces. The main destinations of Italy exports on Industrial Furnaces were Spain ($56.5M), United States ($55M), Turkey ($38.3M), Germany ($30.8M), and Mexico ($30.5M).

In 2022, Italy imported $101M in Industrial Furnaces, mainly from China ($23.7M), Germany ($14.9M), Egypt ($12.6M), Denmark ($9.85M), and France ($7.03M).

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