2018
Exports
$144MWorld Rnk 8 / 159
Flag Rnk 245 / 1211
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2018
Imports
$82.8MWorld Rnk 20 / 209
Flag Rnk 400 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2018, Austria exported $144M in Electric Furnaces, making it the 8th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 245th most exported product in Austria. The main destination of Electric Furnaces exports from Austria are: United States ($31.3M), Germany ($30.7M), China ($12.7M), Mexico ($9.49M), and Sweden ($7.64M).

The fastest growing export markets for Electric Furnaces of Austria between 2021 and 2022 were United States ($17.2M), Mexico ($7.51M), and Sweden ($6.18M).

Imports In 2022, Austria imported $82.8M in Electric Furnaces, becoming the 20th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 400th most imported product in Austria. Austria imports Electric Furnaces primarily from: Germany ($46.4M), China ($9.17M), Italy ($8.46M), Czechia ($2.83M), and Slovenia ($2.76M).

The fastest growing import markets in Electric Furnaces for Austria between 2021 and 2022 were Germany ($7.86M), China ($3.65M), and Netherlands ($806k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$144M
IMPORTS (2022)$82.8M
NET TRADE (2022)$61.6M

In 2022, Austria exported $144M in Electric Furnaces. The main destinations of Austria exports on Electric Furnaces were United States ($31.3M), Germany ($30.7M), China ($12.7M), Mexico ($9.49M), and Sweden ($7.64M).

In 2022, Austria imported $82.8M in Electric Furnaces, mainly from Germany ($46.4M), China ($9.17M), Italy ($8.46M), Czechia ($2.83M), and Slovenia ($2.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Austria WERE (2021 - 2022):
United States$17.2M (122%)
Mexico$7.51M (380%)
Sweden$6.18M (423%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Austria WERE (2021 - 2022):
Switzerland-$8.06M (-83.7%)
China-$2.86M (-18.4%)
Chinese Taipei-$1.32M (-61.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Austria' main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.44M
TOP IMPORT POTENTIALItaly+ $4.64M

Electric Furnaces’s highest export potential is Germany. With an export gap of $5.44M.   Electric Furnaces’s highest import potential is Italy with an import gap of $4.64M.

See methodology.

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