2022
Exports
$146kWorld Rnk 81 / 158
Flag Rnk 713 / 1100
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$98.2MWorld Rnk 15 / 213
Flag Rnk 292 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $146k in Industrial Furnaces, making it the 81st largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 713th most exported product in Saudi Arabia. The main destination of Industrial Furnaces exports from Saudi Arabia are: United Arab Emirates ($64.5k), Oman ($56.1k), Denmark ($11.9k), Nigeria ($9.96k), and Bahrain ($1.69k).

The fastest growing export markets for Industrial Furnaces of Saudi Arabia between 2021 and 2022 were Oman ($31.8k), Denmark ($11.9k), and Nigeria ($9.96k).

Imports In 2022, Saudi Arabia imported $98.2M in Industrial Furnaces, becoming the 15th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 292nd most imported product in Saudi Arabia. Saudi Arabia imports Industrial Furnaces primarily from: China ($33.4M), Italy ($23.9M), United Kingdom ($7.63M), Thailand ($7.34M), and Germany ($7.3M).

The fastest growing import markets in Industrial Furnaces for Saudi Arabia between 2021 and 2022 were Thailand ($3.79M), United Kingdom ($3.4M), and Germany ($2.97M).

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)$146k
IMPORTS (2022)$98.2M
NET TRADE (2022)-$98M

In 2022, Saudi Arabia exported $146k in Industrial Furnaces. The main destinations of Saudi Arabia exports on Industrial Furnaces were United Arab Emirates ($64.5k), Oman ($56.1k), Denmark ($11.9k), Nigeria ($9.96k), and Bahrain ($1.69k).

In 2022, Saudi Arabia imported $98.2M in Industrial Furnaces, mainly from China ($33.4M), Italy ($23.9M), United Kingdom ($7.63M), Thailand ($7.34M), and Germany ($7.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Oman$31.8k (131%)
Denmark$11.9k (1%)
Nigeria$9.96k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Saudi Arabia WERE (2021 - 2022):
Sudan-$66.2k (-100%)
Kazakhstan-$54.2k (-100%)
United Arab Emirates-$34.8k (-35.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Saudi Arabia'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 Arab Emirates+ $40.1k
TOP IMPORT POTENTIALChina+ $5.4M

Industrial Furnaces’s highest export potential is United Arab Emirates. With an export gap of $40.1k.   Industrial Furnaces’s highest import potential is China with an import gap of $5.4M.

See methodology.

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