Overview In May 2023 United States' Industrial Furnaces exports accounted up to $24.3M and imports accounted up to $36M, resulting in a negative trade balance of $11.7M. Between May 2022 and May 2023 the exports of United States' Industrial Furnaces have decreased by $-1.08M (-4.24%) from $25.4M to $24.3M, while imports increased by $19.4M (116%) from $16.6M to $36M.
Destinations In May 2023, Industrial Furnaces were exported mostly to Canada ($7.54M), Mexico ($7.08M), Netherlands ($1.16M), Australia ($826k), and Saudi Arabia ($818k), and were imported mostly from Italy ($12.1M), Germany ($6.32M), Canada ($5.11M), Spain ($3.81M), and Mexico ($1.75M).
Growth In May 2023, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Germany ($-2.96M or -86.8%), Netherlands ($-1.19M or -92.3%), and China ($-836k or -55.8%). In May 2023, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Brazil ($534k or 213%), Luxembourg ($511k or 1.04k%), and Spain ($507k or 2.53k%).