2022
Exports
$8.67MWorld Rnk 45 / 159
Flag Rnk 370 / 1170
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$32.1MWorld Rnk 39 / 209
Flag Rnk 401 / 1200
2022
ECONOMIC COMPLEXITY of Israel
1.23Rnk 20 / 133

About

Exports In 2022, Israel exported $8.67M in Electric Furnaces, making it the 45th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 370th most exported product in Israel. The main destination of Electric Furnaces exports from Israel are: China ($4.61M), United States ($1.07M), Italy ($447k), Slovenia ($438k), and Germany ($423k).

The fastest growing export markets for Electric Furnaces of Israel between 2021 and 2022 were China ($2.99M), Slovenia ($298k), and Germany ($292k).

Imports In 2022, Israel imported $32.1M in Electric Furnaces, becoming the 39th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 401st most imported product in Israel. Israel imports Electric Furnaces primarily from: Italy ($12.3M), United States ($5.24M), Germany ($2.95M), China ($1.9M), and Sweden ($1.82M).

The fastest growing import markets in Electric Furnaces for Israel between 2021 and 2022 were Italy ($4.58M), United States ($3.11M), and United Kingdom ($753k).

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)$8.67M
IMPORTS (2022)$32.1M
NET TRADE (2022)-$23.4M

In 2022, Israel exported $8.67M in Electric Furnaces. The main destinations of Israel exports on Electric Furnaces were China ($4.61M), United States ($1.07M), Italy ($447k), Slovenia ($438k), and Germany ($423k).

In 2022, Israel imported $32.1M in Electric Furnaces, mainly from Italy ($12.3M), United States ($5.24M), Germany ($2.95M), China ($1.9M), and Sweden ($1.82M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Israel WERE (2021 - 2022):
China$2.99M (184%)
Slovenia$298k (213%)
Germany$292k (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Israel WERE (2021 - 2022):
United Kingdom-$2.98M (-99.1%)
United States-$982k (-47.9%)
Russia-$475k (-61.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Israel' main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Israel' 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+ $1.14M
TOP IMPORT POTENTIALChina+ $1.49M

Electric Furnaces’s highest export potential is United States. With an export gap of $1.14M.   Electric Furnaces’s highest import potential is China with an import gap of $1.49M.

See methodology.

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