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Exports In 2023, Luxembourg exported $3.06M in Electric Furnaces, making it the 51st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 369th most exported product in Luxembourg. The main destination of Electric Furnaces exports from Luxembourg are: United States ($1.26M), Kazakhstan ($533k), Canada ($324k), Switzerland ($244k), and Germany ($188k).

The fastest growing export markets for Electric Furnaces of Luxembourg between 2022 and 2023 were Kazakhstan ($533k), Canada ($321k), and United States ($288k).

Imports In 2023, Luxembourg imported $7.67M in Electric Furnaces, becoming the 74th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 409th most imported product in Luxembourg. Luxembourg imports Electric Furnaces primarily from: Spain ($4.59M), Germany ($690k), United States ($673k), Italy ($444k), and Czechia ($398k).

The fastest growing import markets in Electric Furnaces for Luxembourg between 2022 and 2023 were Spain ($4.08M), United States ($445k), and Italy ($121k).

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)$3.06M
IMPORTS (2023)$7.67M
NET TRADE (2023)-$4.61M

In 2023, Luxembourg exported $3.06M in Electric Furnaces. The main destinations of Luxembourg exports on Electric Furnaces were United States ($1.26M), Kazakhstan ($533k), Canada ($324k), Switzerland ($244k), and Germany ($188k).

In 2023, Luxembourg imported $7.67M in Electric Furnaces, mainly from Spain ($4.59M), Germany ($690k), United States ($673k), Italy ($444k), and Czechia ($398k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Luxembourg WERE (2022 - 2023):
Kazakhstan$533k (1%)
Canada$321k (13.4k%)
United States$288k (29.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Luxembourg WERE (2022 - 2023):
Oman-$764k (-98.9%)
Belgium-$270k (-61.2%)
Spain-$88.7k (-73.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

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Electric Furnaces’s highest export potential is N/A. With an export gap of N/A.   Electric Furnaces’s highest import potential is N/A with an import gap of N/A.

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