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2023
Exports $631MWorld Rnk 3 / 154
Flag Rnk 213 / 1216
2023
Destination $26.1M United States
2022 - 2023
FASTEST GROWING MARKET $26.1MMexico
2023
PRODUCT COMPLEXITY IN Industrial Furnaces0.99Rnk 180 / 1025
2023
Imports $109MWorld Rnk 15 / 213
Flag Rnk 559 / 1213
2023
Origin $17.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $17.1MGermany
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $631M in Industrial Furnaces, making it the 3rd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 213th most exported product in Italy. The main destination of Industrial Furnaces exports from Italy are: United States ($77.3M), Germany ($45.4M), Mexico ($43.9M), Turkey ($25.5M), and India ($25.5M).

The fastest growing export markets for Industrial Furnaces of Italy between 2022 and 2023 were Mexico ($26.1M), Germany ($17.4M), and United States ($17M).

Imports In 2023, Italy imported $109M in Industrial Furnaces, becoming the 15th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 559th most imported product in Italy. Italy imports Industrial Furnaces primarily from: Germany ($32.8M), Egypt ($15.5M), China ($15M), Austria ($8.85M), and Romania ($5.7M).

The fastest growing import markets in Industrial Furnaces for Italy between 2022 and 2023 were Germany ($17.1M), Austria ($7.66M), and Egypt ($2.84M).

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

November 2024

About

Overview In November 2024 Italy's Industrial Furnaces exports accounted up to €59.6M and imports accounted up to €4.79M, resulting in a positive trade balance of €54.8M. Between November 2023 and November 2024 the exports of Italy's   Industrial Furnaces have increased by €12.9M (27.6%) from €46.7M to €59.6M, while imports decreased by €-6.15M (-56.2%) from €10.9M to €4.79M.

Destinations In November 2024, Industrial Furnaces were exported mostly to Germany (€13.2M), Mexico (€6.09M), Bolivia (€4.66M), United States (€3.56M), and Spain (€3.2M), and were imported mostly from Egypt (€1.16M), Germany (€828k), Romania (€458k), China (€387k), and Austria (€372k).

Growth In November 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 November 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from China (€-1.05M or -34.9%), France (€-717k or -91.2%), and Romania (€-432k or -59.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€12.9M(27.6%)
IMPORT GROWTH (November 2023 - November 2024)€-6.15M(-56.2%)
MAIN DESTINATION (November 2024)Germany€13.2M

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 (2023)$631M
IMPORTS (2023)$109M
NET TRADE (2023)$523M

In 2023, Italy exported $631M in Industrial Furnaces. The main destinations of Italy exports on Industrial Furnaces were United States ($77.3M), Germany ($45.4M), Mexico ($43.9M), Turkey ($25.5M), and India ($25.5M).

In 2023, Italy imported $109M in Industrial Furnaces, mainly from Germany ($32.8M), Egypt ($15.5M), China ($15M), Austria ($8.85M), and Romania ($5.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Mexico$26.1M (147%)
Germany$17.4M (62.3%)
United States$17M (28.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Italy WERE (2022 - 2023):
Spain-$55.3M (-78.5%)
Russia-$16M (-60.5%)
Turkey-$7.93M (-23.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Industrial Furnaces were:
China $2B
Germany $701M
In 2023, Italy's main importing competitors in Industrial Furnaces were:
United States $442M
India $348M
Indonesia $325M

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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.

See methodology.

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