2022
Exports
$1.16MWorld Rnk 61 / 159
Flag Rnk 828 / 1194
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$306MWorld Rnk 3 / 209
Flag Rnk 166 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $1.16M in Electric Furnaces, making it the 61st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 828th most exported product in Indonesia. The main destination of Electric Furnaces exports from Indonesia are: Singapore ($268k), Malaysia ($267k), United States ($143k), Finland ($61.1k), and Thailand ($57.1k).

The fastest growing export markets for Electric Furnaces of Indonesia between 2021 and 2022 were United States ($136k), Malaysia ($106k), and Finland ($59.2k).

Imports In 2022, Indonesia imported $306M in Electric Furnaces, becoming the 3rd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 166th most imported product in Indonesia. Indonesia imports Electric Furnaces primarily from: China ($227M), Singapore ($45.6M), Japan ($7.15M), Italy ($4.15M), and Chinese Taipei ($4M).

The fastest growing import markets in Electric Furnaces for Indonesia between 2021 and 2022 were Singapore ($34.5M), Italy ($2.39M), and Chinese Taipei ($1.65M).

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)$1.16M
IMPORTS (2022)$306M
NET TRADE (2022)-$304M

In 2022, Indonesia exported $1.16M in Electric Furnaces. The main destinations of Indonesia exports on Electric Furnaces were Singapore ($268k), Malaysia ($267k), United States ($143k), Finland ($61.1k), and Thailand ($57.1k).

In 2022, Indonesia imported $306M in Electric Furnaces, mainly from China ($227M), Singapore ($45.6M), Japan ($7.15M), Italy ($4.15M), and Chinese Taipei ($4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
United States$136k (1.97k%)
Malaysia$106k (65.4%)
Finland$59.2k (3.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Indonesia WERE (2021 - 2022):
United Kingdom-$352k (-94.9%)
Ireland-$233k (-99.1%)
Japan-$112k (-89.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Indonesia'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 POTENTIALMalaysia+ $281k
TOP IMPORT POTENTIALItaly+ $4.51M

Electric Furnaces’s highest export potential is Malaysia. With an export gap of $281k.   Electric Furnaces’s highest import potential is Italy with an import gap of $4.51M.

See methodology.

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