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851430 (Harmonized System 1992 for 6-digit)

2023
World Trade $1BRnk 2114 / 4644
2023
Top Exporter | Top Importer $386M | $181MChina | Indonesia
2023
Product Complexity 1.11Rnk 607 / 4656
2022 - 2023
Export Growth (CAGR) -0.74%Rnk 1629 / 4644
2023
Share of World Trade 0.0044%Rnk 2114 / 4644

About

Overview This page contains the latest trade data of Industrial/laboratory electric furnaces and ovens nes. In 2023, Industrial/laboratory electric furnaces and ovens nes were the world's 2114th most traded product, with a total trade of $1B. Between 2022 and 2023 the exports of Industrial/laboratory electric furnaces and ovens nes decreased by -0.74%, from $1.01B to $1B. Trade in Industrial/laboratory electric furnaces and ovens nes represent 0.0044% of total world trade.

Industrial/laboratory electric furnaces and ovens nes are a part of Electric Furnaces.

Exports In 2023 the top exporters of Industrial/laboratory electric furnaces and ovens nes  were China ($386M), Germany ($149M), United States ($74.2M), Italy ($59M), and Japan ($46.9M).

Imports In 2023 the top importers of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($181M), China ($91.3M), United States ($69.5M), Thailand ($60.8M), and Mexico ($50.2M).

Ranking Industrial/laboratory electric furnaces and ovens nes ranks 607th in the Product Complexity Index (PCI).

Description Industrial and lab furnaces and ovens can be used for a number of purposes, including melting metals, casting metals, curing polymers, and more.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Industrial/laboratory electric furnaces and ovens nes. 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$386M
Top Destination (2023)Indonesia$181M

In 2023 Industrial/laboratory electric furnaces and ovens nes were the world's 2114th most traded product (out of 4,644).

In 2023, the top exporters of Industrial/laboratory electric furnaces and ovens nes were China ($386M), Germany ($149M), United States ($74.2M), Italy ($59M), and Japan ($46.9M).

In 2023, the top importers of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($181M), China ($91.3M), United States ($69.5M), Thailand ($60.8M), and Mexico ($50.2M).

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Exporters of Industrial/laboratory electric furnaces and ovens nes (2023)
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Importers of Industrial/laboratory electric furnaces and ovens nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$27.7M
Top Destination Growth (2022 -  2023)Mexico$41.2M

Between 2022 and 2023, the exports of Industrial/laboratory electric furnaces and ovens nes grew the fastest in Germany ($27.7M), United States ($24.7M), Italy ($15.6M), Austria ($8.86M), and Turkey ($6.62M).

Between 2022 and 2023, the fastest growing importers of Industrial/laboratory electric furnaces and ovens nes were Mexico ($41.2M), Indonesia ($32.6M), Japan ($14.6M), Iceland ($14.5M), and Thailand ($14.4M).

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Exporters of Industrial/laboratory electric furnaces and ovens nes (2022 - 2023)

Importers of Industrial/laboratory electric furnaces and ovens nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Industrial/laboratory electric furnaces and ovens nes.

In 2023, market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Industrial/laboratory electric furnaces and ovens nes are explained by 11 countries.

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Value of Exports in Industrial/laboratory electric furnaces and ovens nes

Net Trade

TOP NET EXPORTER (2023)China$294M
TOP NET IMPORTER (2023)Indonesia$180M

This map shows which countries export or import more of Industrial/laboratory electric furnaces and ovens nes. Each country is colored based on the difference in exports and imports of Industrial/laboratory electric furnaces and ovens nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Industrial/laboratory electric furnaces and ovens nes were China ($294M), Germany ($117M), Italy ($43.8M), Austria ($35.9M), and France ($22.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($180M), Thailand ($52.8M), Mexico ($49.4M), Malaysia ($29.8M), and Uzbekistan ($25.5M).

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/laboratory electric furnaces and ovens nes.
It is possible to select the main countries that export or import Industrial/laboratory electric furnaces and ovens nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Industrial/laboratory electric furnaces and ovens nes 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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