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841790 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.58BRnk 1206 / 4644
2023
Top Exporter | Top Importer $774M | $216MChina | United States
2023
Product Complexity 0.46Rnk 1744 / 4656
2022 - 2023
Export Growth (CAGR) 26.8%Rnk 182 / 4644
2023
Share of World Trade 0.011%Rnk 1206 / 4644

About

Overview This page contains the latest trade data of Parts of industrial or laboratory furnaces/ovens. In 2023, Parts of industrial or laboratory furnaces/ovens were the world's 1206th most traded product, with a total trade of $2.58B. Between 2022 and 2023 the exports of Parts of industrial or laboratory furnaces/ovens grew by 26.8%, from $2.03B to $2.58B. Trade in Parts of industrial or laboratory furnaces/ovens represent 0.011% of total world trade.

Parts of industrial or laboratory furnaces/ovens are a part of Industrial Furnaces.

Exports In 2023 the top exporters of Parts of industrial or laboratory furnaces/ovens  were China ($774M), Germany ($339M), Italy ($242M), Spain ($132M), and United States ($110M).

Imports In 2023 the top importers of Parts of industrial or laboratory furnaces/ovens were United States ($216M), Germany ($167M), Russia ($142M), Malaysia ($133M), and India ($120M).

Ranking Parts of industrial or laboratory furnaces/ovens ranks 1744th in the Product Complexity Index (PCI).

Description Industrial or laboratory furnaces/ovens are used for heating, drying, or melting.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of industrial or laboratory furnaces/ovens. 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$774M
Top Destination (2023)United States$216M

In 2023 Parts of industrial or laboratory furnaces/ovens were the world's 1206th most traded product (out of 4,644).

In 2023, the top exporters of Parts of industrial or laboratory furnaces/ovens were China ($774M), Germany ($339M), Italy ($242M), Spain ($132M), and United States ($110M).

In 2023, the top importers of Parts of industrial or laboratory furnaces/ovens were United States ($216M), Germany ($167M), Russia ($142M), Malaysia ($133M), and India ($120M).

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Exporters of Parts of industrial or laboratory furnaces/ovens (2023)
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Importers of Parts of industrial or laboratory furnaces/ovens (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$300M
Top Destination Growth (2022 -  2023)Malaysia$108M

Between 2022 and 2023, the exports of Parts of industrial or laboratory furnaces/ovens grew the fastest in China ($300M), Germany ($74M), India ($32.1M), South Korea ($28.8M), and Belgium ($24M).

Between 2022 and 2023, the fastest growing importers of Parts of industrial or laboratory furnaces/ovens were Malaysia ($108M), Saudi Arabia ($50.5M), Poland ($47.2M), United States ($39.2M), and China ($37.3M).

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Exporters of Parts of industrial or laboratory furnaces/ovens (2022 - 2023)

Importers of Parts of industrial or laboratory furnaces/ovens (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of industrial or laboratory furnaces/ovens.

In 2023, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Parts of industrial or laboratory furnaces/ovens are explained by 16 countries.

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Value of Exports in Parts of industrial or laboratory furnaces/ovens

Net Trade

TOP NET EXPORTER (2023)China$687M
TOP NET IMPORTER (2023)Russia$136M

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

In 2023, the countries that had a largest trade value in exports than in imports of Parts of industrial or laboratory furnaces/ovens were China ($687M), Italy ($174M), Germany ($172M), Spain ($76.2M), and Turkey ($57M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of industrial or laboratory furnaces/ovens were Russia ($136M), Malaysia ($119M), United States ($105M), Saudi Arabia ($99.1M), and India ($57.5M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts of industrial or laboratory furnaces/ovens.
It is possible to select the main countries that export or import Parts of industrial or laboratory furnaces/ovens in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of industrial or laboratory furnaces/ovens 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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