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851430 (Harmonized System 1992 for 6-digit)

2022
World Trade $896MRnk 2329 / 4648
2022
Top Exporter | Top Importer $316M | $147MChina | Indonesia
2022
Product Complexity 0.9Rnk 938 / 4653
2021 - 2022
Export Growth (CAGR) -20.2%Rnk 4330 / 4648
2022
Share of World Trade 0.0038%Rnk 2329 / 4648

About

Overview This page contains the latest trade data of Industrial/laboratory electric furnaces and ovens nes. In 2022, Industrial/laboratory electric furnaces and ovens nes were the world's 2329th most traded product, with a total trade of $896M. Between 2021 and 2022 the exports of Industrial/laboratory electric furnaces and ovens nes decreased by -20.2%, from $1.12B to $896M. Trade in Industrial/laboratory electric furnaces and ovens nes represent 0.0038% of total world trade.

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

Exports In 2022 the top exporters of Industrial/laboratory electric furnaces and ovens nes  were China ($316M), Germany ($108M), France ($52.5M), Chinese Taipei ($48.4M), and South Korea ($47.9M).

Imports In 2022 the top importers of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($147M), China ($142M), United States ($68.7M), Vietnam ($66.5M), and India ($28.4M).

Ranking Industrial/laboratory electric furnaces and ovens nes ranks 938th 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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Y-AXIS SCALE

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 (2022)China$316M
Top Destination (2022)Indonesia$147M

In 2022 Industrial/laboratory electric furnaces and ovens nes were the world's 2329th most traded product (out of 4,648).

In 2022, the top exporters of Industrial/laboratory electric furnaces and ovens nes were China ($316M), Germany ($108M), France ($52.5M), Chinese Taipei ($48.4M), and South Korea ($47.9M).

In 2022, the top importers of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($147M), China ($142M), United States ($68.7M), Vietnam ($66.5M), and India ($28.4M).

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Exporters of Industrial/laboratory electric furnaces and ovens nes (2022)
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Importers of Industrial/laboratory electric furnaces and ovens nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)France$35.8M
Top Destination Growth (2021 -  2022)Vietnam$17.5M

Between 2021 and 2022, the exports of Industrial/laboratory electric furnaces and ovens nes grew the fastest in France ($35.8M), Malaysia ($14.6M), South Korea ($7.52M), South Africa ($5.31M), and Austria ($3.48M).

Between 2021 and 2022, the fastest growing importers of Industrial/laboratory electric furnaces and ovens nes were Vietnam ($17.5M), Uzbekistan ($9.07M), Brazil ($5.97M), India ($5.37M), and Chinese Taipei ($5.13M).

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Exporters of Industrial/laboratory electric furnaces and ovens nes (2021 - 2022)

Importers of Industrial/laboratory electric furnaces and ovens nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Industrial/laboratory electric furnaces and ovens nes are explained by 12 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$174M
TOP NET IMPORTER (2022)Indonesia$147M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Industrial/laboratory electric furnaces and ovens nes were China ($174M), Germany ($87.7M), France ($41.4M), South Korea ($32.4M), and Austria ($29.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Industrial/laboratory electric furnaces and ovens nes were Indonesia ($147M), Vietnam ($64.3M), India ($22.1M), United States ($21.3M), and Mexico ($17.7M).

Net Trade (2022)

Country Comparison

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Measure
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 (2022)

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