2022
Exports
$9.09MWorld Rnk 43 / 159
Flag Rnk 439 / 1205
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$21.5MWorld Rnk 44 / 209
Flag Rnk 476 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $9.09M in Electric Furnaces, making it the 43rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 439th most exported product in Finland. The main destination of Electric Furnaces exports from Finland are: Turkey ($2.92M), United States ($1.57M), Argentina ($765k), Australia ($494k), and New Zealand ($340k).

The fastest growing export markets for Electric Furnaces of Finland between 2021 and 2022 were Turkey ($2.45M), United States ($1.22M), and Australia ($418k).

Imports In 2022, Finland imported $21.5M in Electric Furnaces, becoming the 44th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 476th most imported product in Finland. Finland imports Electric Furnaces primarily from: Germany ($6.99M), United States ($2.13M), Norway ($2.09M), Sweden ($1.75M), and Italy ($1.62M).

The fastest growing import markets in Electric Furnaces for Finland between 2021 and 2022 were United States ($1.58M), Spain ($1.24M), and Norway ($656k).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (1) were at the forefront of shipping Electric Furnaces from Finland to the United States.

Latest Trends

Oct 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)$9.09M
IMPORTS (2022)$21.5M
NET TRADE (2022)-$12.4M

In 2022, Finland exported $9.09M in Electric Furnaces. The main destinations of Finland exports on Electric Furnaces were Turkey ($2.92M), United States ($1.57M), Argentina ($765k), Australia ($494k), and New Zealand ($340k).

In 2022, Finland imported $21.5M in Electric Furnaces, mainly from Germany ($6.99M), United States ($2.13M), Norway ($2.09M), Sweden ($1.75M), and Italy ($1.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Turkey$2.45M (519%)
United States$1.22M (356%)
Australia$418k (551%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Finland WERE (2021 - 2022):
Russia-$1.17M (-93.5%)
Egypt-$945k (-100%)
Argentina-$309k (-28.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Finland's 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 POTENTIALUnited States+ $940k
TOP IMPORT POTENTIALChina+ $1.14M

Electric Furnaces’s highest export potential is United States. With an export gap of $940k.   Electric Furnaces’s highest import potential is China with an import gap of $1.14M.

See methodology.

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