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2022
Exports $1.22BWorld Rnk 1 / 159
Flag Rnk 397 / 1216
2022
Destination $20.2M Indonesia
2021 - 2022
FASTEST GROWING MARKET $20.2MUnited States
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $759MWorld Rnk 1 / 209
Flag Rnk 268 / 1212
2022
Origin $29.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $29.6MSweden
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.22B in Electric Furnaces, making it the 1st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 397th most exported product in China. The main destination of Electric Furnaces exports from China are: Indonesia ($227M), Vietnam ($98.9M), United States ($86.1M), Malaysia ($61.6M), and Chinese Taipei ($57M).

The fastest growing export markets for Electric Furnaces of China between 2021 and 2022 were United States ($20.2M), Mexico ($18.7M), and Kazakhstan ($15.3M).

Imports In 2022, China imported $759M in Electric Furnaces, becoming the 1st largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 268th most imported product in China. China imports Electric Furnaces primarily from: Germany ($153M), Japan ($87.5M), United States ($85.8M), South Korea ($81.6M), and Chinese Taipei ($78.1M).

The fastest growing import markets in Electric Furnaces for China between 2021 and 2022 were Sweden ($29.6M), Belgium ($13.9M), and South Korea ($12.1M).

COMPANIES In 2023, leading companies such as LG Electronics (1.59k), Panasonic (106), and Conair (74) were at the forefront of shipping Electric Furnaces from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Electric Furnaces exports accounted up to $115M and imports accounted up to $50.6M, resulting in a positive trade balance of $64.5M. Between October 2023 and October 2024 the exports of China's   Electric Furnaces have increased by $15.5M (15.6%) from $99.6M to $115M, while imports decreased by $-9.55M (-15.9%) from $60.1M to $50.6M.

Destinations In October 2024, Electric Furnaces were exported mostly to Russia ($14.5M), Indonesia ($8.92M), Vietnam ($8.57M), United States ($7.38M), and Malaysia ($6.49M), and were imported mostly from Germany ($14M), Chinese Taipei ($9.3M), Japan ($8.49M), Italy ($3.81M), and Singapore ($3.29M).

Growth In October 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to Indonesia ($28.1M or 217%), United States ($5.55M or 93.4%), and Bolivia ($3.74M or 485k%). In October 2024, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from Japan ($-13M or -70.1%), United States ($-6.53M or -60.3%), and Italy ($-3.79M or -64.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$15.5M(15.6%)
IMPORT GROWTH (October 2023 - October 2024)$-9.55M(-15.9%)
MAIN EXPORTER (October 2024)Zhejiang Province$31.4M
MAIN DESTINATION (October 2024)Russia$14.5M

This section shows Electric Furnaces's exports and imports data at subnational level for China. 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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.22B
IMPORTS (2022)$759M
NET TRADE (2022)$463M

In 2022, China exported $1.22B in Electric Furnaces. The main destinations of China exports on Electric Furnaces were Indonesia ($227M), Vietnam ($98.9M), United States ($86.1M), Malaysia ($61.6M), and Chinese Taipei ($57M).

In 2022, China imported $759M in Electric Furnaces, mainly from Germany ($153M), Japan ($87.5M), United States ($85.8M), South Korea ($81.6M), and Chinese Taipei ($78.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$20.2M (30.7%)
Mexico$18.7M (73.2%)
Kazakhstan$15.3M (269%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY China WERE (2021 - 2022):
Indonesia-$110M (-32.6%)
Iran-$11.6M (-63.1%)
China-$5.97M (-18.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric Furnaces were:
Germany $882M
Italy $722M
In 2022, China's main importing competitors in Electric Furnaces were:
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $30.5M
TOP IMPORT POTENTIALItaly+ $15.7M

Electric Furnaces’s highest export potential is India. With an export gap of $30.5M.   Electric Furnaces’s highest import potential is Italy with an import gap of $15.7M.

See methodology.

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