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2022
Exports $645MWorld Rnk 2 / 158
Flag Rnk 207 / 1217
2022
Destination $20.5M Spain
2021 - 2022
FASTEST GROWING MARKET $20.5MTurkey
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $101MWorld Rnk 14 / 213
Flag Rnk 584 / 1215
2022
Origin $8.45M China
2021 - 2022
FASTEST GROWING ORIGIN $8.45MDenmark
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $645M in Industrial Furnaces, making it the 2nd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 207th most exported product in Italy. The main destination of Industrial Furnaces exports from Italy are: Spain ($56.5M), United States ($55M), Turkey ($38.3M), Germany ($30.8M), and Mexico ($30.5M).

The fastest growing export markets for Industrial Furnaces of Italy between 2021 and 2022 were Turkey ($20.5M), Spain ($18.6M), and Mexico ($11.7M).

Imports In 2022, Italy imported $101M in Industrial Furnaces, becoming the 14th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 584th most imported product in Italy. Italy imports Industrial Furnaces primarily from: China ($23.7M), Germany ($14.9M), Egypt ($12.6M), Denmark ($9.85M), and France ($7.03M).

The fastest growing import markets in Industrial Furnaces for Italy between 2021 and 2022 were Denmark ($8.45M), China ($5.68M), and Canada ($4.58M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (2) were at the forefront of shipping Industrial Furnaces from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Industrial Furnaces exports accounted up to €43.5M and imports accounted up to €20.5M, resulting in a positive trade balance of €23.1M. Between August 2023 and August 2024 the exports of Italy's   Industrial Furnaces have increased by €9.93M (29.6%) from €33.6M to €43.5M, while imports increased by €11.4M (125%) from €9.11M to €20.5M.

Destinations In August 2024, Industrial Furnaces were exported mostly to Germany (€9.25M), Japan (€3.48M), United States (€3.38M), Mexico (€3.19M), and Turkey (€2.97M), and were imported mostly from Germany (€14M), United Kingdom (€3.51M), Egypt (€1.19M), Switzerland (€524k), and China (€309k).

Growth In August 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to Oman (€4.3M or 37.6k%), Indonesia (€2.99M or 1.14k%), and Mexico (€2.13M or 1.1k%). In August 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Germany (€6.2M or 1.31k%), Austria (€200k or 1.12k%), and Indonesia (€118k or 258%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€9.93M(29.6%)
IMPORT GROWTH (August 2023 - August 2024)€11.4M(125%)
MAIN DESTINATION (August 2024)Germany€9.25M

This section shows Industrial Furnaces's exports and imports data at subnational level for Italy. 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 (2022)$645M
IMPORTS (2022)$101M
NET TRADE (2022)$544M

In 2022, Italy exported $645M in Industrial Furnaces. The main destinations of Italy exports on Industrial Furnaces were Spain ($56.5M), United States ($55M), Turkey ($38.3M), Germany ($30.8M), and Mexico ($30.5M).

In 2022, Italy imported $101M in Industrial Furnaces, mainly from China ($23.7M), Germany ($14.9M), Egypt ($12.6M), Denmark ($9.85M), and France ($7.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Turkey$20.5M (115%)
Spain$18.6M (49.1%)
Mexico$11.7M (61.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Italy WERE (2021 - 2022):
Ukraine-$9.81M (-79.5%)
Greece-$7.22M (-62.3%)
Romania-$7.11M (-40.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Industrial Furnaces were:
China $1.77B
Germany $576M
In 2022, Italy's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $8.73M
TOP IMPORT POTENTIALChina+ $7.28M

Industrial Furnaces’s highest export potential is France. With an export gap of $8.73M.   Industrial Furnaces’s highest import potential is China with an import gap of $7.28M.

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