2022
Exports
$28MWorld Rnk 24 / 158
Flag Rnk 298 / 1205
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$17.8MWorld Rnk 56 / 213
Flag Rnk 513 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $28M in Industrial Furnaces, making it the 24th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 298th most exported product in Finland. The main destination of Industrial Furnaces exports from Finland are: Russia ($17M), Spain ($3.29M), New Zealand ($1.61M), Philippines ($952k), and United States ($892k).

The fastest growing export markets for Industrial Furnaces of Finland between 2021 and 2022 were Russia ($16.1M), Spain ($3.22M), and Philippines ($952k).

Imports In 2022, Finland imported $17.8M in Industrial Furnaces, becoming the 56th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 513th most imported product in Finland. Finland imports Industrial Furnaces primarily from: Italy ($5.85M), Germany ($3.23M), Denmark ($1.25M), Netherlands ($1.19M), and United Kingdom ($1.02M).

The fastest growing import markets in Industrial Furnaces for Finland between 2021 and 2022 were Poland ($877k), Netherlands ($835k), and United Kingdom ($653k).

Latest Trends

Sep 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 Industrial 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)$28M
IMPORTS (2022)$17.8M
NET TRADE (2022)$10.2M

In 2022, Finland exported $28M in Industrial Furnaces. The main destinations of Finland exports on Industrial Furnaces were Russia ($17M), Spain ($3.29M), New Zealand ($1.61M), Philippines ($952k), and United States ($892k).

In 2022, Finland imported $17.8M in Industrial Furnaces, mainly from Italy ($5.85M), Germany ($3.23M), Denmark ($1.25M), Netherlands ($1.19M), and United Kingdom ($1.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Russia$16.1M (1.87k%)
Spain$3.22M (4.36k%)
Philippines$952k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Finland WERE (2021 - 2022):
Saudi Arabia-$3.54M (-100%)
South Africa-$975k (-100%)
Turkey-$820k (-73.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Finland's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $813k
TOP IMPORT POTENTIALChina+ $861k

Industrial Furnaces’s highest export potential is United States. With an export gap of $813k.   Industrial Furnaces’s highest import potential is China with an import gap of $861k.

See methodology.

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