Industrial Furnaces in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $1.77B in Industrial Furnaces, making it the 1st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 321st most exported product in China. The main destination of Industrial Furnaces exports from China are: Indonesia ($443M), India ($106M), Vietnam ($92.7M), Turkey ($62M), and Thailand ($61.6M).

The fastest growing export markets for Industrial Furnaces of China between 2021 and 2022 were Indonesia ($79.6M), Democratic Republic of the Congo ($45.1M), and Netherlands ($40.2M).

Imports In 2022, China imported $204M in Industrial Furnaces, becoming the 6th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 512th most imported product in China. China imports Industrial Furnaces primarily from: Germany ($88.4M), Japan ($25M), Czechia ($20.9M), Italy ($16.9M), and United States ($11M).

The fastest growing import markets in Industrial Furnaces for China between 2021 and 2022 were Germany ($14.3M), Czechia ($9.46M), and Italy ($5.18M).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (26) and GLOBAL ETRADE SERVICES INC (3) were at the forefront of shipping Industrial Furnaces from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Industrial Furnaces exports accounted up to $93.7M and imports accounted up to $9.76M, resulting in a positive trade balance of $83.9M. Between February 2023 and February 2024 the exports of China's Industrial Furnaces have decreased by $-2.03M (-2.12%) from $95.7M to $93.7M, while imports increased by $1.34M (15.9%) from $8.42M to $9.76M.

Destinations In February 2024, Industrial Furnaces were exported mostly to India ($18.6M), Indonesia ($13.8M), Malaysia ($9.56M), United States ($7.3M), and Russia ($7.13M), and were imported mostly from United Kingdom ($4.66M), Germany ($1.75M), Japan ($1.12M), South Korea ($943k), and France ($889k).

Growth In February 2024, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-12.6M or -75.7%), Vietnam ($-5.68M or -76.2%), and Pakistan ($-4.32M or -94.6%). In February 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Denmark ($10.1M or 43.8k%), United Kingdom ($835k or 198%), and Japan ($561k or 48.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.03M(-2.12%)

IMPORT GROWTH (February 2023 - February 2024)$1.34M(15.9%)

MAIN EXPORTER (February 2024)Guangdong Province$33.4M

MAIN DESTINATION (February 2024)India$18.6M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.77B

IMPORTS (2022)$204M

NET TRADE (2022)$1.57B

In 2022, China exported $1.77B in Industrial Furnaces. The main destinations of China exports on Industrial Furnaces were Indonesia ($443M), India ($106M), Vietnam ($92.7M), Turkey ($62M), and Thailand ($61.6M).

In 2022, China imported $204M in Industrial Furnaces, mainly from Germany ($88.4M), Japan ($25M), Czechia ($20.9M), Italy ($16.9M), and United States ($11M).

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