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2022
Exports $332MWorld Rnk 4 / 158
Flag Rnk 474 / 1217
2022
Destination $39.6M Canada
2021 - 2022
FASTEST GROWING MARKET $39.6MCanada
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $382MWorld Rnk 2 / 213
Flag Rnk 617 / 1216
2022
Origin $30M China
2021 - 2022
FASTEST GROWING ORIGIN $30MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $332M in Industrial Furnaces, making it the 4th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 474th most exported product in United States. The main destination of Industrial Furnaces exports from United States are: Canada ($105M), Mexico ($57.5M), India ($18.7M), China ($11M), and Philippines ($10.9M).

The fastest growing export markets for Industrial Furnaces of United States between 2021 and 2022 were Canada ($39.6M), India ($16M), and Philippines ($10.5M).

Imports In 2022, United States imported $382M in Industrial Furnaces, becoming the 2nd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 617th most imported product in United States. United States imports Industrial Furnaces primarily from: China ($60M), Germany ($59.5M), Italy ($55M), Canada ($50.2M), and Mexico ($19.9M).

The fastest growing import markets in Industrial Furnaces for United States between 2021 and 2022 were China ($30M), Germany ($25.8M), and Japan ($9.74M).

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

June 2024

About

Overview In June 2024 United States' Industrial Furnaces exports accounted up to $17.6M and imports accounted up to $51.4M, resulting in a negative trade balance of $33.8M. Between June 2023 and June 2024 the exports of United States'   Industrial Furnaces have decreased by $-5.45M (-23.6%) from $23M to $17.6M, while imports increased by $22M (74.7%) from $29.4M to $51.4M.

Destinations In June 2024, Industrial Furnaces were exported mostly to Canada ($6.31M), Mexico ($2.88M), India ($1.8M), China ($1.18M), and Brazil ($968k), and were imported mostly from Germany ($11.7M), China ($9.43M), Canada ($5.66M), Italy ($4.27M), and Czechia ($3.52M).

Growth In June 2024, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Canada ($-2.29M or -23.6%), Mexico ($-1.7M or -34.4%), and Australia ($-619k or -73.4%). In June 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Japan ($2.88M or 542%), Poland ($1.85M or 2.73k%), and Belgium ($1.62M or 2.74k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-5.45M(-23.6%)
IMPORT GROWTH (June 2023 - June 2024)$22M(74.7%)
MAIN EXPORTER (June 2024)Oklahoma$9.86M
MAIN DESTINATION (June 2024)Canada$6.31M

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 (2022)$332M
IMPORTS (2022)$382M
NET TRADE (2022)-$50.4M

In 2022, United States exported $332M in Industrial Furnaces. The main destinations of United States exports on Industrial Furnaces were Canada ($105M), Mexico ($57.5M), India ($18.7M), China ($11M), and Philippines ($10.9M).

In 2022, United States imported $382M in Industrial Furnaces, mainly from China ($60M), Germany ($59.5M), Italy ($55M), Canada ($50.2M), and Mexico ($19.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$39.6M (60.7%)
India$16M (588%)
Philippines$10.5M (2.79k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY United States WERE (2021 - 2022):
Saudi Arabia-$8.84M (-86%)
Italy-$4.2M (-90.6%)
China-$2.52M (-18.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, United States's main importing competitors in Industrial Furnaces were:
Indonesia $474M
India $229M

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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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