2018
Exports
$2.34MWorld Rnk 54 / 158
Flag Rnk 760 / 1194
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2018
Imports
$474MWorld Rnk 1 / 213
Flag Rnk 112 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2018, Indonesia exported $2.34M in Industrial Furnaces, making it the 54th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 760th most exported product in Indonesia. The main destination of Industrial Furnaces exports from Indonesia are: Japan ($1.52M), Spain ($180k), United States ($175k), Malaysia ($142k), and Philippines ($118k).

The fastest growing export markets for Industrial Furnaces of Indonesia between 2021 and 2022 were Spain ($180k), Malaysia ($127k), and United States ($122k).

Imports In 2022, Indonesia imported $474M in Industrial Furnaces, becoming the 1st largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 112th most imported product in Indonesia. Indonesia imports Industrial Furnaces primarily from: China ($443M), Japan ($5.52M), United States ($3.69M), Spain ($3M), and Italy ($2.95M).

The fastest growing import markets in Industrial Furnaces for Indonesia between 2021 and 2022 were China ($79.6M), Malaysia ($1.71M), and United Kingdom ($1.22M).

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 (2022)$2.34M
IMPORTS (2022)$474M
NET TRADE (2022)-$471M

In 2022, Indonesia exported $2.34M in Industrial Furnaces. The main destinations of Indonesia exports on Industrial Furnaces were Japan ($1.52M), Spain ($180k), United States ($175k), Malaysia ($142k), and Philippines ($118k).

In 2022, Indonesia imported $474M in Industrial Furnaces, mainly from China ($443M), Japan ($5.52M), United States ($3.69M), Spain ($3M), and Italy ($2.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Spain$180k (56.5k%)
Malaysia$127k (826%)
United States$122k (229%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Indonesia WERE (2021 - 2022):
Japan-$1.94M (-56.1%)
Ireland-$593k (-100%)
Chinese Taipei-$85.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Indonesia'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+ $272k
TOP IMPORT POTENTIALItaly+ $3.83M

Industrial Furnaces’s highest export potential is United States. With an export gap of $272k.   Industrial Furnaces’s highest import potential is Italy with an import gap of $3.83M.

See methodology.

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