2023
Exports
$11.9MWorld Rnk 40 / 160
Flag Rnk 398 / 1207
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$25.4MWorld Rnk 45 / 206
Flag Rnk 412 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $11.9M in Electric Furnaces, making it the 40th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 398th most exported product in Finland. The main destination of Electric Furnaces exports from Finland are: United States ($2.99M), Chile ($1.81M), Colombia ($1.09M), China ($946k), and Malaysia ($885k).

The fastest growing export markets for Electric Furnaces of Finland between 2022 and 2023 were Chile ($1.78M), United States ($1.62M), and Malaysia ($876k).

Imports In 2023, Finland imported $25.4M in Electric Furnaces, becoming the 45th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 412th most imported product in Finland. Finland imports Electric Furnaces primarily from: Germany ($7.26M), United States ($3.92M), Norway ($2.73M), Sweden ($1.92M), and India ($1.88M).

The fastest growing import markets in Electric Furnaces for Finland between 2022 and 2023 were Germany ($2.48M), United States ($2.39M), and India ($1.88M).

Latest Trends

Jan 2025

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 (2023)$11.9M
IMPORTS (2023)$25.4M
NET TRADE (2023)-$13.5M

In 2023, Finland exported $11.9M in Electric Furnaces. The main destinations of Finland exports on Electric Furnaces were United States ($2.99M), Chile ($1.81M), Colombia ($1.09M), China ($946k), and Malaysia ($885k).

In 2023, Finland imported $25.4M in Electric Furnaces, mainly from Germany ($7.26M), United States ($3.92M), Norway ($2.73M), Sweden ($1.92M), and India ($1.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Chile$1.78M (7.66k%)
United States$1.62M (118%)
Malaysia$876k (10k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Finland WERE (2022 - 2023):
Turkey-$2.89M (-99.1%)
Argentina-$773k (-99.6%)
Australia-$717k (-80.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, 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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