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2022
ExportsfalseWorld Rnk 43 / 158
Flag Rnk 586 / 1200
2021 - 2022
FASTEST GROWING MARKET $476kKazakhstan
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Origin $31M China
2021 - 2022
FASTEST GROWING ORIGIN $31MChina
2022
ECONOMIC COMPLEXITY of Russia0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $7.54M in Industrial Furnaces, making it the 43rd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 586th most exported product in Russia. The main destination of Industrial Furnaces exports from Russia are: Kazakhstan ($5.02M), Uzbekistan ($1.49M), Kyrgyzstan ($262k), Azerbaijan ($182k), and Belgium ($173k).

The fastest growing export markets for Industrial Furnaces of Russia between 2021 and 2022 were Kazakhstan ($476k), Kyrgyzstan ($164k), and Azerbaijan ($60.6k).

The fastest growing import markets in Industrial Furnaces for Russia between 2021 and 2022 were China ($31M), Finland ($16.1M), and Spain ($9.78M).

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)$7.54M

In 2022, Russia exported $7.54M in Industrial Furnaces. The main destinations of Russia exports on Industrial Furnaces were Kazakhstan ($5.02M), Uzbekistan ($1.49M), Kyrgyzstan ($262k), Azerbaijan ($182k), and Belgium ($173k).

In N/A, Russia imported N/A in Industrial Furnaces, mainly from China ($60M), Germany ($34.2M), Italy ($26.4M), Finland ($17M), and Spain ($15.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Kazakhstan$476k (10.5%)
Kyrgyzstan$164k (168%)
Azerbaijan$60.6k (49.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Russia WERE (2021 - 2022):
India-$2.76M (-100%)
Ukraine-$1.62M (-100%)
Belarus-$1.06M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Russia'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
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TOP EXPORT POTENTIALBelgium+ $99k
TOP IMPORT POTENTIALChina+ $28.8M

Industrial Furnaces’s highest export potential is Belgium. With an export gap of $99k.   Industrial Furnaces’s highest import potential is China with an import gap of $28.8M.

See methodology.

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