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851420 (Harmonized System 1992 for 6-digit)

2022
World Trade $651MRnk 2661 / 4648
2022
Top Exporter | Top Importer $115M | $57.7MChina | China
2022
Product Complexity 0.71Rnk 1264 / 4653
2021 - 2022
Export Growth (CAGR) 30.5%Rnk 409 / 4648
2022
Share of World Trade 0.0027%Rnk 2661 / 4648

About

Overview This page contains the latest trade data of Industrial electric induction, dielectric furnace/ove. In 2022, Industrial electric induction, dielectric furnace/ove were the world's 2661st most traded product, with a total trade of $651M. Between 2021 and 2022 the exports of Industrial electric induction, dielectric furnace/ove grew by 30.5%, from $499M to $651M. Trade in Industrial electric induction, dielectric furnace/ove represent 0.0027% of total world trade.

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

Exports In 2022 the top exporters of Industrial electric induction, dielectric furnace/ove  were China ($115M), Germany ($103M), United States ($69.4M), India ($66.6M), and Italy ($42.8M).

Imports In 2022 the top importers of Industrial electric induction, dielectric furnace/ove were China ($57.7M), Mexico ($53.4M), United States ($48.8M), Germany ($27.4M), and Austria ($22.9M).

Ranking Industrial electric induction, dielectric furnace/ove ranks 1264th 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 (2022)China$115M
Top Destination (2022)China$57.7M

In 2022 Industrial electric induction, dielectric furnace/ove were the world's 2661st most traded product (out of 4,648).

In 2022, the top exporters of Industrial electric induction, dielectric furnace/ove were China ($115M), Germany ($103M), United States ($69.4M), India ($66.6M), and Italy ($42.8M).

In 2022, the top importers of Industrial electric induction, dielectric furnace/ove were China ($57.7M), Mexico ($53.4M), United States ($48.8M), Germany ($27.4M), and Austria ($22.9M).

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Exporters of Industrial electric induction, dielectric furnace/ove (2022)
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Importers of Industrial electric induction, dielectric furnace/ove (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$46M
Top Destination Growth (2021 -  2022)Mexico$34.3M

Between 2021 and 2022, the exports of Industrial electric induction, dielectric furnace/ove grew the fastest in India ($46M), United States ($33.5M), China ($29M), Vietnam ($17.8M), and Austria ($15M).

Between 2021 and 2022, the fastest growing importers of Industrial electric induction, dielectric furnace/ove were Mexico ($34.3M), Malaysia ($18.7M), Austria ($16M), United Kingdom ($9.91M), and Bangladesh ($9.63M).

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Exporters of Industrial electric induction, dielectric furnace/ove (2021 - 2022)

Importers of Industrial electric induction, dielectric furnace/ove (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Industrial electric induction, dielectric furnace/ove are explained by 17 countries.

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

Net Trade

TOP NET EXPORTER (2022)Germany$75.2M
TOP NET IMPORTER (2022)Mexico$52.9M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial electric induction, dielectric furnace/ove were Germany ($75.2M), China ($56.8M), India ($54.8M), Italy ($28.7M), and United States ($20.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial electric induction, dielectric furnace/ove were Mexico ($52.9M), Kazakhstan ($13M), Russia ($11.8M), United Arab Emirates ($11.3M), and Iraq ($10.8M).

Net Trade (2022)

Country Comparison

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Ranking

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 (2022)

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