2022
Exports
$28.3MWorld Rnk 23 / 158
Flag Rnk 521 / 1193
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$186MWorld Rnk 7 / 213
Flag Rnk 339 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $28.3M in Industrial Furnaces, making it the 23rd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 521st most exported product in Mexico. The main destination of Industrial Furnaces exports from Mexico are: United States ($19.9M), Poland ($2.68M), Colombia ($828k), Thailand ($813k), and India ($755k).

The fastest growing export markets for Industrial Furnaces of Mexico between 2021 and 2022 were Poland ($2.64M), Colombia ($637k), and Thailand ($581k).

Imports In 2022, Mexico imported $186M in Industrial Furnaces, becoming the 7th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 339th most imported product in Mexico. Mexico imports Industrial Furnaces primarily from: United States ($57.5M), Italy ($30.5M), China ($27.3M), Germany ($18.3M), and Spain ($17.8M).

The fastest growing import markets in Industrial Furnaces for Mexico between 2021 and 2022 were China ($19.5M), Italy ($11.7M), and Germany ($10.2M).

Latest Trends

Jul 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)$28.3M
IMPORTS (2022)$186M
NET TRADE (2022)-$157M

In 2022, Mexico exported $28.3M in Industrial Furnaces. The main destinations of Mexico exports on Industrial Furnaces were United States ($19.9M), Poland ($2.68M), Colombia ($828k), Thailand ($813k), and India ($755k).

In 2022, Mexico imported $186M in Industrial Furnaces, mainly from United States ($57.5M), Italy ($30.5M), China ($27.3M), Germany ($18.3M), and Spain ($17.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Poland$2.64M (7.02k%)
Colombia$637k (333%)
Thailand$581k (251%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Mexico WERE (2021 - 2022):
United States-$6.28M (-24%)
Malaysia-$3.39M (-100%)
China-$1.36M (-94.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Mexico'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+ $4.45M
TOP IMPORT POTENTIALChina+ $9.66M

Industrial Furnaces’s highest export potential is United States. With an export gap of $4.45M.   Industrial Furnaces’s highest import potential is China with an import gap of $9.66M.

See methodology.

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