Industrial Furnaces in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $149M in Industrial Furnaces, making it the 6th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 328th most exported product in United Kingdom. The main destination of Industrial Furnaces exports from United Kingdom are: United States ($12.9M), France ($11.8M), Saudi Arabia ($7.63M), Poland ($7.1M), and Greece ($7.05M).

The fastest growing export markets for Industrial Furnaces of United Kingdom between 2021 and 2022 were Greece ($5.02M), United States ($4.13M), and Romania ($3.71M).

Imports In 2022, United Kingdom imported $64.6M in Industrial Furnaces, becoming the 23rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 689th most imported product in United Kingdom. United Kingdom imports Industrial Furnaces primarily from: Italy ($14.5M), Germany ($10.3M), United States ($6.18M), China ($5.15M), and Netherlands ($3.48M).

The fastest growing import markets in Industrial Furnaces for United Kingdom between 2021 and 2022 were Germany ($6.28M), Italy ($4.54M), and Netherlands ($2.77M).

COMPANIES In 2023, leading companies such as TESLA, INC. (2) were at the forefront of shipping Industrial Furnaces from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Industrial Furnaces exports accounted up to £17.6M and imports accounted up to £4.77M, resulting in a positive trade balance of £12.8M. Between February 2023 and February 2024 the exports of United Kingdom's Industrial Furnaces have increased by £7.78M (79.5%) from £9.78M to £17.6M, while imports decreased by £-99k (-2.03%) from £4.87M to £4.77M.

Destinations In February 2024, Industrial Furnaces were exported mostly to Mexico (£4.53M), United States (£2.03M), Poland (£1.61M), Thailand (£1.5M), and Qatar (£1.03M), and were imported mostly from France (£944k), Italy (£928k), United States (£793k), Belgium (£735k), and Germany (£220k).

Growth In February 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to Poland (£2.02M or 124k%), Argentina (£875k or 30k%), and Netherlands (£693k or 366%). In February 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-209k or -87.1%), China (£-167k or -70.4%), and Italy (£-141k or -30.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£7.78M(79.5%)

IMPORT GROWTH (February 2023 - February 2024)£-99k(-2.03%)

MAIN EXPORTER (February 2024)Southampton£6.06M

MAIN DESTINATION (February 2024)Mexico£4.53M

This section shows Industrial Furnaces's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Industrial Furnaces over time.

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