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851420 (Harmonized System 1992 for 6-digit)

2023
World Trade $649MRnk 2579 / 4644
2023
Top Exporter | Top Importer $150M | $60.8MChina | United States
2023
Product Complexity 0.61Rnk 1471 / 4656
2022 - 2023
Export Growth (CAGR) -4.82%Rnk 2082 / 4644
2023
Share of World Trade 0.0029%Rnk 2579 / 4644

About

Overview This page contains the latest trade data of Industrial electric induction, dielectric furnace/ove. In 2023, Industrial electric induction, dielectric furnace/ove were the world's 2579th most traded product, with a total trade of $649M. Between 2022 and 2023 the exports of Industrial electric induction, dielectric furnace/ove decreased by -4.82%, from $682M to $649M. Trade in Industrial electric induction, dielectric furnace/ove represent 0.0029% of total world trade.

Industrial electric induction, dielectric furnace/ove are a part of Electric Furnaces.

Exports In 2023 the top exporters of Industrial electric induction, dielectric furnace/ove  were China ($150M), India ($78.5M), Germany ($70.5M), United States ($59.9M), and Italy ($46.1M).

Imports In 2023 the top importers of Industrial electric induction, dielectric furnace/ove were United States ($60.8M), China ($40.1M), Mexico ($27.8M), Indonesia ($27.6M), and Germany ($25.8M).

Ranking Industrial electric induction, dielectric furnace/ove ranks 1471st in the Product Complexity Index (PCI).

Description Industrial electric induction furnaces use electromagnetic induction to produce high temperatures without the use of an external fuel. They can be used in the same way as a dielectric furnace, but are also used to produce metal alloys and to heat other materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial electric induction, dielectric furnace/ove. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$150M
Top Destination (2023)United States$60.8M

In 2023 Industrial electric induction, dielectric furnace/ove were the world's 2579th most traded product (out of 4,644).

In 2023, the top exporters of Industrial electric induction, dielectric furnace/ove were China ($150M), India ($78.5M), Germany ($70.5M), United States ($59.9M), and Italy ($46.1M).

In 2023, the top importers of Industrial electric induction, dielectric furnace/ove were United States ($60.8M), China ($40.1M), Mexico ($27.8M), Indonesia ($27.6M), and Germany ($25.8M).

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Exporters of Industrial electric induction, dielectric furnace/ove (2023)
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Importers of Industrial electric induction, dielectric furnace/ove (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$33.8M
Top Destination Growth (2022 -  2023)Kazakhstan$21.7M

Between 2022 and 2023, the exports of Industrial electric induction, dielectric furnace/ove grew the fastest in China ($33.8M), India ($16.4M), South Korea ($5.48M), Malaysia ($2.3M), and Czechia ($2.09M).

Between 2022 and 2023, the fastest growing importers of Industrial electric induction, dielectric furnace/ove were Kazakhstan ($21.7M), Indonesia ($15M), Thailand ($9.48M), Norway ($8.57M), and Japan ($6.77M).

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Exporters of Industrial electric induction, dielectric furnace/ove (2022 - 2023)

Importers of Industrial electric induction, dielectric furnace/ove (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial electric induction, dielectric furnace/ove.

In 2023, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Industrial electric induction, dielectric furnace/ove are explained by 16 countries.

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Value of Exports in Industrial electric induction, dielectric furnace/ove

Net Trade

TOP NET EXPORTER (2023)China$110M
TOP NET IMPORTER (2023)Indonesia$27.5M

This map shows which countries export or import more of Industrial electric induction, dielectric furnace/ove. Each country is colored based on the difference in exports and imports of Industrial electric induction, dielectric furnace/ove during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial electric induction, dielectric furnace/ove were China ($110M), India ($65.8M), Germany ($44.7M), Italy ($32.8M), and United Kingdom ($12.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial electric induction, dielectric furnace/ove were Indonesia ($27.5M), Mexico ($27.2M), Kazakhstan ($25.3M), Saudi Arabia ($15.6M), and Canada ($10.5M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Industrial electric induction, dielectric furnace/ove.
It is possible to select the main countries that export or import Industrial electric induction, dielectric furnace/ove in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial electric induction, dielectric furnace/ove by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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