2022
Exports
$5.25MWorld Rnk 48 / 159
Flag Rnk 492 / 1206
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$25MWorld Rnk 41 / 209
Flag Rnk 437 / 1214
2022
ECONOMIC COMPLEXITY of Ireland
1.27Rnk 18 / 133

About

Exports In 2022, Ireland exported $5.25M in Electric Furnaces, making it the 48th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 492nd most exported product in Ireland. The main destination of Electric Furnaces exports from Ireland are: United States ($1.08M), China ($907k), United Kingdom ($560k), Italy ($408k), and Germany ($379k).

The fastest growing export markets for Electric Furnaces of Ireland between 2021 and 2022 were Germany ($361k), United Kingdom ($216k), and United States ($174k).

Imports In 2022, Ireland imported $25M in Electric Furnaces, becoming the 41st largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 437th most imported product in Ireland. Ireland imports Electric Furnaces primarily from: United States ($5.15M), United Kingdom ($4.45M), Italy ($3.86M), France ($2.22M), and South Korea ($1.52M).

The fastest growing import markets in Electric Furnaces for Ireland between 2021 and 2022 were United States ($2.09M), France ($1.61M), and Chinese Taipei ($1.31M).

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)$5.25M
IMPORTS (2022)$25M
NET TRADE (2022)-$19.8M

In 2022, Ireland exported $5.25M in Electric Furnaces. The main destinations of Ireland exports on Electric Furnaces were United States ($1.08M), China ($907k), United Kingdom ($560k), Italy ($408k), and Germany ($379k).

In 2022, Ireland imported $25M in Electric Furnaces, mainly from United States ($5.15M), United Kingdom ($4.45M), Italy ($3.86M), France ($2.22M), and South Korea ($1.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Ireland WERE (2021 - 2022):
Germany$361k (1.99k%)
United Kingdom$216k (62.7%)
United States$174k (19.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Ireland WERE (2021 - 2022):
Russia-$58.9k (-84.6%)
Czechia-$47.9k (-81.6%)
South Africa-$47k (-86.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ireland's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Ireland'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+ $718k
TOP IMPORT POTENTIALGermany+ $1.08M

Electric Furnaces’s highest export potential is United States. With an export gap of $718k.   Electric Furnaces’s highest import potential is Germany with an import gap of $1.08M.

See methodology.

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