Industrial Furnaces in United States 2021 Exports | Imports : $255M | $334M, World Rnk 4 / 145 Rnk 517 / 1216 | World Rnk 2 / 216 Rnk 612 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $19.1M | $18M, Mexico | Spain
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Industrial Furnaces: 0.82, Rnk 237 / 1024
Exports In 2021, United States exported $255M in Industrial Furnaces, making it the 4th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 517th most exported product in United States. The main destination of Industrial Furnaces exports from United States are: Canada ($65.2M), Mexico ($51.3M), China ($13.5M), Saudi Arabia ($10.4M), and Australia ($8.96M).
The fastest growing export markets for Industrial Furnaces of United States between 2020 and 2021 were Mexico ($19.1M), Canada ($10.4M), and China ($4.92M).
Imports In 2021, United States imported $334M in Industrial Furnaces, becoming the 2nd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 612th most imported product in United States. United States imports Industrial Furnaces primarily from: Italy ($55.6M), Canada ($50.6M), Germany ($33.4M), China ($32.2M), and Mexico ($25.7M).
The fastest growing import markets in Industrial Furnaces for United States between 2020 and 2021 were Spain ($18M), China ($17.8M), and Brazil ($10.6M).
May 2023
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%).
EXPORT GROWTH (May 2022 - May 2023): $-1.08M, (-4.24%)
IMPORT GROWTH (May 2022 - May 2023): $19.4M, (116%)
MAIN EXPORTER (May 2023): Illinois, $8.7M
MAIN DESTINATION (May 2023): Canada, $7.54M
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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EXPORTS (2021): $255M
IMPORTS (2021): $334M
NET TRADE (2021): -$79.4M
In 2021, United States exported $255M in Industrial Furnaces. The main destinations of United States exports on Industrial Furnaces were Canada ($65.2M), Mexico ($51.3M), China ($13.5M), Saudi Arabia ($10.4M), and Australia ($8.96M).
In 2021, United States imported $334M in Industrial Furnaces, mainly from Italy ($55.6M), Canada ($50.6M), Germany ($33.4M), China ($32.2M), and Mexico ($25.7M).
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Industrial Furnaces were:
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