2021
Exports
$7.88kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2021
Imports
$7.42MWorld Rnk 80 / 213
Flag Rnk 339 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Imports In 2022, Ghana imported $7.42M in Industrial Furnaces, becoming the 80th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 339th most imported product in Ghana. Ghana imports Industrial Furnaces primarily from: China ($4.65M), India ($1.19M), Italy ($597k), Netherlands ($346k), and South Africa ($334k).

The fastest growing import markets in Industrial Furnaces for Ghana between 2021 and 2022 were India ($665k), Netherlands ($346k), and Australia ($41.2k).

Latest Trends

Aug 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 (2021)$7.88k
IMPORTS (2022)$7.42M
NET TRADE (2022)-$7.42M

In 2022, Ghana imported $7.42M in Industrial Furnaces, mainly from China ($4.65M), India ($1.19M), Italy ($597k), Netherlands ($346k), and South Africa ($334k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Ghana WERE (N/A - 2021):
Cote d'Ivoire-$4.21k (-100%)
South Africa-$3.43k (-100%)
Sweden-$233 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Ghana'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+ $484
TOP IMPORT POTENTIALChina+ $601k

Industrial Furnaces’s highest export potential is United States. With an export gap of $484.   Industrial Furnaces’s highest import potential is China with an import gap of $601k.

See methodology.

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