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851410 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.19BRnk 1344 / 4644
2023
Top Exporter | Top Importer $449M | $327MGermany | China
2023
Product Complexity 1.49Rnk 180 / 4656
2022 - 2023
Export Growth (CAGR) 14.3%Rnk 468 / 4644
2023
Share of World Trade 0.0097%Rnk 1344 / 4644

About

Overview This page contains the latest trade data of Industrial electric resistance heated furnaces & oven. In 2023, Industrial electric resistance heated furnaces & oven were the world's 1344th most traded product, with a total trade of $2.19B. Between 2022 and 2023 the exports of Industrial electric resistance heated furnaces & oven grew by 14.3%, from $1.92B to $2.19B. Trade in Industrial electric resistance heated furnaces & oven represent 0.0097% of total world trade.

Industrial electric resistance heated furnaces & oven are a part of Electric Furnaces.

Exports In 2023 the top exporters of Industrial electric resistance heated furnaces & oven  were Germany ($449M), China ($358M), Italy ($321M), Japan ($200M), and United States ($123M).

Imports In 2023 the top importers of Industrial electric resistance heated furnaces & oven were China ($327M), United States ($172M), South Korea ($150M), Russia ($111M), and Germany ($101M).

Ranking Industrial electric resistance heated furnaces & oven ranks 180th in the Product Complexity Index (PCI).

Description The most common use of an industrial electric resistance heated furnace or oven is to heat up the metal in order to mold it into the desired shape.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial electric resistance heated furnaces & oven. 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)Germany$449M
Top Destination (2023)China$327M

In 2023 Industrial electric resistance heated furnaces & oven were the world's 1344th most traded product (out of 4,644).

In 2023, the top exporters of Industrial electric resistance heated furnaces & oven were Germany ($449M), China ($358M), Italy ($321M), Japan ($200M), and United States ($123M).

In 2023, the top importers of Industrial electric resistance heated furnaces & oven were China ($327M), United States ($172M), South Korea ($150M), Russia ($111M), and Germany ($101M).

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Exporters of Industrial electric resistance heated furnaces & oven (2023)
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Importers of Industrial electric resistance heated furnaces & oven (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$110M
Top Destination Growth (2022 -  2023)Mexico$52.7M

Between 2022 and 2023, the exports of Industrial electric resistance heated furnaces & oven grew the fastest in Germany ($110M), South Africa ($39.1M), United States ($39M), Austria ($31.6M), and China ($18.4M).

Between 2022 and 2023, the fastest growing importers of Industrial electric resistance heated furnaces & oven were Mexico ($52.7M), Russia ($42.5M), Zimbabwe ($40.3M), India ($25.3M), and South Korea ($24.6M).

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Exporters of Industrial electric resistance heated furnaces & oven (2022 - 2023)

Importers of Industrial electric resistance heated furnaces & oven (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial electric resistance heated furnaces & oven.

In 2023, market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Industrial electric resistance heated furnaces & oven are explained by 14 countries.

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Value of Exports in Industrial electric resistance heated furnaces & oven

Net Trade

TOP NET EXPORTER (2023)Germany$348M
TOP NET IMPORTER (2023)Russia$108M

This map shows which countries export or import more of Industrial electric resistance heated furnaces & oven. Each country is colored based on the difference in exports and imports of Industrial electric resistance heated furnaces & oven during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial electric resistance heated furnaces & oven were Germany ($348M), Italy ($287M), Japan ($158M), Austria ($64.7M), and South Africa ($38.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial electric resistance heated furnaces & oven were Russia ($108M), Mexico ($76.3M), Vietnam ($65.5M), India ($60.4M), and United States ($48.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Industrial electric resistance heated furnaces & oven.
It is possible to select the main countries that export or import Industrial electric resistance heated furnaces & oven in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial electric resistance heated furnaces & oven 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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