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2023
Exports $2BWorld Rnk 1 / 154
Flag Rnk 270 / 1215
2023
Destination $178M Indonesia
2022 - 2023
FASTEST GROWING MARKET $178MMalaysia
2023
PRODUCT COMPLEXITY IN Industrial Furnaces0.99Rnk 180 / 1025
2023
Imports $267MWorld Rnk 4 / 213
Flag Rnk 450 / 1214
2023
Origin $29.7M Germany
2022 - 2023
FASTEST GROWING ORIGIN $29.7MDenmark
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2B in Industrial Furnaces, making it the 1st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 270th most exported product in China. The main destination of Industrial Furnaces exports from China are: Indonesia ($261M), Malaysia ($225M), India ($189M), Turkey ($115M), and Russia ($102M).

The fastest growing export markets for Industrial Furnaces of China between 2022 and 2023 were Malaysia ($178M), India ($113M), and Poland ($58.5M).

Imports In 2023, China imported $267M in Industrial Furnaces, becoming the 4th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 450th most imported product in China. China imports Industrial Furnaces primarily from: Germany ($39.2M), Czechia ($36.4M), Denmark ($30.2M), Spain ($26.3M), and Italy ($23.2M).

The fastest growing import markets in Industrial Furnaces for China between 2022 and 2023 were Denmark ($29.7M), Spain ($17M), and Czechia ($15.4M).

COMPANIES In 2024, leading companies such as Yaheetech (7), Euromarket Designs (3), and QVC Inc (1) were at the forefront of shipping Industrial Furnaces from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Industrial Furnaces exports accounted up to $170M and imports accounted up to $19M, resulting in a positive trade balance of $151M. Between December 2023 and December 2024 the exports of China's   Industrial Furnaces have increased by $2.66M (1.59%) from $167M to $170M, while imports increased by $4.64M (32.4%) from $14.3M to $19M.

Destinations In December 2024, Industrial Furnaces were exported mostly to Russia ($18.3M), Indonesia ($11.5M), Mexico ($11.4M), United Arab Emirates ($11M), and India ($10.9M), and were imported mostly from Germany ($8.55M), France ($4.46M), Italy ($2.4M), South Korea ($1.15M), and Finland ($713k).

Growth In December 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($10.1M or 459%), Vietnam ($8.98M or 507%), and Russia ($8.27M or 185%). In December 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($2.55M or 203%), France ($547k or 185%), and Belgium ($6.35k or 374%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$2.66M(1.59%)
IMPORT GROWTH (December 2023 - December 2024)$4.64M(32.4%)
MAIN EXPORTER (December 2024)Zhejiang Province$41.6M
MAIN DESTINATION (December 2024)Russia$18.3M

This section shows Industrial Furnaces's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2B
IMPORTS (2023)$267M
NET TRADE (2023)$1.73B

In 2023, China exported $2B in Industrial Furnaces. The main destinations of China exports on Industrial Furnaces were Indonesia ($261M), Malaysia ($225M), India ($189M), Turkey ($115M), and Russia ($102M).

In 2023, China imported $267M in Industrial Furnaces, mainly from Germany ($39.2M), Czechia ($36.4M), Denmark ($30.2M), Spain ($26.3M), and Italy ($23.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$178M (380%)
India$113M (149%)
Poland$58.5M (312%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY China WERE (2022 - 2023):
Indonesia-$221M (-45.8%)
Vietnam-$67.7M (-45.4%)
Saudi Arabia-$28M (-49.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Industrial Furnaces were:
Germany $701M
Italy $631M
In 2023, China's main importing competitors in Industrial Furnaces were:
United States $442M
India $348M
Indonesia $325M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $45.2M
TOP IMPORT POTENTIALItaly+ $8.13M

Industrial Furnaces’s highest export potential is India. With an export gap of $45.2M.   Industrial Furnaces’s highest import potential is Italy with an import gap of $8.13M.

See methodology.

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