2023
Exports
$30.2MWorld Rnk 24 / 154
Flag Rnk 225 / 1197
2023
PRODUCT COMPLEXITY IN Industrial Furnaces
0.99Rnk 180 / 1025
2023
Imports
$17.6MWorld Rnk 56 / 213
Flag Rnk 394 / 1212
2023
ECONOMIC COMPLEXITY of Slovenia
1.48Rnk 12 / 132

About

Exports In 2023, Slovenia exported $30.2M in Industrial Furnaces, making it the 24th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 225th most exported product in Slovenia. The main destination of Industrial Furnaces exports from Slovenia are: Germany ($4.19M), Russia ($3.97M), Austria ($3.54M), Hungary ($3.17M), and Turkey ($3.06M).

The fastest growing export markets for Industrial Furnaces of Slovenia between 2022 and 2023 were Hungary ($3.15M), United Kingdom ($1.78M), and Austria ($1.23M).

Imports In 2023, Slovenia imported $17.6M in Industrial Furnaces, becoming the 56th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 394th most imported product in Slovenia. Slovenia imports Industrial Furnaces primarily from: Serbia ($5.46M), Germany ($2.09M), Croatia ($2.09M), Austria ($2M), and Bosnia and Herzegovina ($1.87M).

The fastest growing import markets in Industrial Furnaces for Slovenia between 2022 and 2023 were Serbia ($5.13M), Croatia ($1.91M), and Austria ($1.37M).

Historical Data

Trade Balance

Color
EXPORTS (2023)$30.2M
IMPORTS (2023)$17.6M
NET TRADE (2023)$12.6M

In 2023, Slovenia exported $30.2M in Industrial Furnaces. The main destinations of Slovenia exports on Industrial Furnaces were Germany ($4.19M), Russia ($3.97M), Austria ($3.54M), Hungary ($3.17M), and Turkey ($3.06M).

In 2023, Slovenia imported $17.6M in Industrial Furnaces, mainly from Serbia ($5.46M), Germany ($2.09M), Croatia ($2.09M), Austria ($2M), and Bosnia and Herzegovina ($1.87M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Slovenia WERE (2022 - 2023):
Hungary$3.15M (16.1k%)
United Kingdom$1.78M (230%)
Austria$1.23M (53.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Slovenia WERE (2022 - 2023):
Russia-$1.94M (-32.8%)
Germany-$1.62M (-27.9%)
Turkey-$1.21M (-28.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Slovenia's main exporting competitors in Industrial Furnaces were:
In 2023, Slovenia'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 POTENTIALItaly+ $905k
TOP IMPORT POTENTIALItaly+ $933k

Industrial Furnaces’s highest export potential is Italy. With an export gap of $905k.   Industrial Furnaces’s highest import potential is Italy with an import gap of $933k.

See methodology.

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