2023
Exports
$301MWorld Rnk 4 / 154
Flag Rnk 482 / 1217
2023
PRODUCT COMPLEXITY IN Industrial Furnaces
0.99Rnk 180 / 1025
2023
Imports
$442MWorld Rnk 1 / 213
Flag Rnk 552 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $301M in Industrial Furnaces, making it the 4th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 482nd most exported product in United States. The main destination of Industrial Furnaces exports from United States are: Canada ($89.5M), Mexico ($69.3M), India ($7.88M), Saudi Arabia ($7.1M), and Chinese Taipei ($7.06M).

The fastest growing export markets for Industrial Furnaces of United States between 2022 and 2023 were Mexico ($8.3M), Nigeria ($5.35M), and Chinese Taipei ($3.89M).

Imports In 2023, United States imported $442M in Industrial Furnaces, becoming the 1st largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 552nd most imported product in United States. United States imports Industrial Furnaces primarily from: Italy ($77.3M), Germany ($60M), South Korea ($49.9M), Canada ($44.2M), and Mexico ($31.6M).

The fastest growing import markets in Industrial Furnaces for United States between 2022 and 2023 were South Korea ($46.8M), Italy ($17M), and China ($10.6M).

COMPANIES In 2023, leading companies such as Yaheetech (23), Electrolux (13), and QVC Inc (5) were at the forefront of shipping Industrial Furnaces to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$12.4M(41.5%)
IMPORT GROWTH (November 2023 - November 2024)$-19.2M(-36.6%)
MAIN EXPORTER (November 2024)Missouri$16.7M
MAIN DESTINATION (November 2024)Mexico$20.4M

This section shows Industrial Furnaces's exports and imports data at subnational level for United States. 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 (2023)$301M
IMPORTS (2023)$442M
NET TRADE (2023)-$141M

In 2023, United States exported $301M in Industrial Furnaces. The main destinations of United States exports on Industrial Furnaces were Canada ($89.5M), Mexico ($69.3M), India ($7.88M), Saudi Arabia ($7.1M), and Chinese Taipei ($7.06M).

In 2023, United States imported $442M in Industrial Furnaces, mainly from Italy ($77.3M), Germany ($60M), South Korea ($49.9M), Canada ($44.2M), and Mexico ($31.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$8.3M (13.6%)
Nigeria$5.35M (2.11k%)
Chinese Taipei$3.89M (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY United States WERE (2022 - 2023):
India-$6.96M (-46.9%)
Russia-$3.76M (-100%)
Canada-$3.67M (-3.94%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Industrial Furnaces were:
In 2023, United States's main importing competitors in Industrial Furnaces were:

Explore Visualizations

Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.61M
TOP IMPORT POTENTIALChina+ $25.4M

Industrial Furnaces’s highest export potential is China. With an export gap of $5.61M.   Industrial Furnaces’s highest import potential is China with an import gap of $25.4M.

See methodology.

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