Overview This page contains the latest trade data of Electric Furnaces. In 2021, Electric Furnaces were the world's 500th most traded product, with a total trade of $5.82B. Between 2020 and 2021 the exports of Electric Furnaces grew by 17%, from $4.98B to $5.82B. Trade in Electric Furnaces represent 0.028% of total world trade.
Electric Furnaces are a part of Electrical machinery and electronics. They include Industrial electric resistance heated furnaces & oven, Parts of industrial/etc electric furnaces/ovens nes, Industrial/laboratory electric furnaces and ovens nes, Industrial induction/dielectric heating equipment nes, and Industrial electric induction, dielectric furnace/ove.
Exports In 2021 the top exporters of Electric Furnaces were China ($1.16B), Germany ($943M), Italy ($646M), United States ($493M), and Japan ($483M).
Imports In 2021 the top importers of Electric Furnaces were China ($734M), United States ($592M), Indonesia ($371M), Germany ($280M), and Chinese Taipei ($200M).
Tariffs In 2018 the average tariff for Electric Furnaces was 4.49%, making it the 920th lowest tariff using the HS4 product classification.
Ranking Electric Furnaces ranks 44th in the Product Complexity Index (PCI).
Description Industrial or laboratory electric furnaces and ovens are used to heat materials. They can be made from a variety of materials, including steel, aluminum, copper, and other metals.