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851410 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.15BRnk 1423 / 4648
2022
Top Exporter | Top Importer $443M | $307MChina | China
2022
Product Complexity 1.75Rnk 83 / 4653
2021 - 2022
Export Growth (CAGR) 3.16%Rnk 2500 / 4648
2022
Share of World Trade 0.0091%Rnk 1423 / 4648

About

Overview This page contains the latest trade data of Industrial electric resistance heated furnaces & oven. In 2022, Industrial electric resistance heated furnaces & oven were the world's 1423rd most traded product, with a total trade of $2.15B. Between 2021 and 2022 the exports of Industrial electric resistance heated furnaces & oven grew by 3.16%, from $2.08B to $2.15B. Trade in Industrial electric resistance heated furnaces & oven represent 0.0091% of total world trade.

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

Exports In 2022 the top exporters of Industrial electric resistance heated furnaces & oven  were China ($443M), Italy ($418M), Germany ($390M), Japan ($170M), and South Korea ($121M).

Imports In 2022 the top importers of Industrial electric resistance heated furnaces & oven were China ($307M), United States ($195M), South Korea ($127M), Germany ($102M), and France ($91.3M).

Ranking Industrial electric resistance heated furnaces & oven ranks 83rd 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 (2022)China$443M
Top Destination (2022)China$307M

In 2022 Industrial electric resistance heated furnaces & oven were the world's 1423rd most traded product (out of 4,648).

In 2022, the top exporters of Industrial electric resistance heated furnaces & oven were China ($443M), Italy ($418M), Germany ($390M), Japan ($170M), and South Korea ($121M).

In 2022, the top importers of Industrial electric resistance heated furnaces & oven were China ($307M), United States ($195M), South Korea ($127M), Germany ($102M), and France ($91.3M).

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Exporters of Industrial electric resistance heated furnaces & oven (2022)
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Importers of Industrial electric resistance heated furnaces & oven (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$77.1M
Top Destination Growth (2021 -  2022)United States$44.1M

Between 2021 and 2022, the exports of Industrial electric resistance heated furnaces & oven grew the fastest in Italy ($77.1M), South Korea ($54M), Germany ($42.5M), China ($28M), and Sweden ($27.3M).

Between 2021 and 2022, the fastest growing importers of Industrial electric resistance heated furnaces & oven were United States ($44.1M), South Korea ($19.7M), Thailand ($19.2M), Mexico ($18.4M), and Turkey ($15.5M).

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Exporters of Industrial electric resistance heated furnaces & oven (2021 - 2022)

Importers of Industrial electric resistance heated furnaces & oven (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Industrial electric resistance heated furnaces & oven are explained by 12 countries.

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Value of Exports in Industrial electric resistance heated furnaces & oven

Net Trade

TOP NET EXPORTER (2022)Italy$385M
TOP NET IMPORTER (2022)United States$98.5M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial electric resistance heated furnaces & oven were Italy ($385M), Germany ($287M), China ($136M), Japan ($135M), and Sweden ($56.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial electric resistance heated furnaces & oven were United States ($98.5M), Vietnam ($70.1M), Mexico ($64.2M), Russia ($63M), and France ($55.2M).

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 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 (2022)

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