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Exports In 2022, Luxembourg exported $43.1M in Industrial Furnaces, making it the 19th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 90th most exported product in Luxembourg. The main destination of Industrial Furnaces exports from Luxembourg are: India ($6.4M), South Korea ($5.81M), Germany ($4.69M), United States ($2.99M), and France ($2.72M).

The fastest growing export markets for Industrial Furnaces of Luxembourg between 2021 and 2022 were South Korea ($5.59M), India ($1.29M), and Belgium ($1.09M).

Imports In 2022, Luxembourg imported $14.2M in Industrial Furnaces, becoming the 61st largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 303rd most imported product in Luxembourg. Luxembourg imports Industrial Furnaces primarily from: Germany ($6.1M), China ($3.83M), Brazil ($1.11M), France ($832k), and Netherlands ($664k).

The fastest growing import markets in Industrial Furnaces for Luxembourg between 2021 and 2022 were Germany ($4.03M), China ($3.35M), and Brazil ($1.07M).

Latest Trends

Mar 2024

Subnational Monthly Trade

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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)$43.1M
IMPORTS (2022)$14.2M
NET TRADE (2022)$28.9M

In 2022, Luxembourg exported $43.1M in Industrial Furnaces. The main destinations of Luxembourg exports on Industrial Furnaces were India ($6.4M), South Korea ($5.81M), Germany ($4.69M), United States ($2.99M), and France ($2.72M).

In 2022, Luxembourg imported $14.2M in Industrial Furnaces, mainly from Germany ($6.1M), China ($3.83M), Brazil ($1.11M), France ($832k), and Netherlands ($664k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Luxembourg WERE (2021 - 2022):
South Korea$5.59M (2.53k%)
India$1.29M (25.3%)
Belgium$1.09M (79.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Luxembourg WERE (2021 - 2022):
Turkey-$2.14M (-83.6%)
Germany-$2.03M (-30.3%)
Russia-$1.19M (-75.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Industrial Furnaces by Exporters

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