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2022
Exports $89.5MWorld Rnk 10 / 158
Flag Rnk 389 / 1213
2022
Destination $5.3M Germany
2021 - 2022
FASTEST GROWING MARKET $5.3MUnited States
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $175MWorld Rnk 8 / 213
Flag Rnk 274 / 1211
2022
Origin $20.5M China
2021 - 2022
FASTEST GROWING ORIGIN $20.5MItaly
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $89.5M in Industrial Furnaces, making it the 10th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 389th most exported product in Turkey. The main destination of Industrial Furnaces exports from Turkey are: Germany ($19.8M), United States ($5.74M), Russia ($5.69M), Switzerland ($4.86M), and Bulgaria ($3.92M).

The fastest growing export markets for Industrial Furnaces of Turkey between 2021 and 2022 were United States ($5.3M), Algeria ($2.74M), and Mexico ($2.63M).

Imports In 2022, Turkey imported $175M in Industrial Furnaces, becoming the 8th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 274th most imported product in Turkey. Turkey imports Industrial Furnaces primarily from: China ($62M), Italy ($38.3M), Germany ($33.1M), Slovenia ($13.8M), and Austria ($2.83M).

The fastest growing import markets in Industrial Furnaces for Turkey between 2021 and 2022 were Italy ($20.5M), Germany ($12.9M), and China ($9.94M).

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)$89.5M
IMPORTS (2022)$175M
NET TRADE (2022)-$85.7M

In 2022, Turkey exported $89.5M in Industrial Furnaces. The main destinations of Turkey exports on Industrial Furnaces were Germany ($19.8M), United States ($5.74M), Russia ($5.69M), Switzerland ($4.86M), and Bulgaria ($3.92M).

In 2022, Turkey imported $175M in Industrial Furnaces, mainly from China ($62M), Italy ($38.3M), Germany ($33.1M), Slovenia ($13.8M), and Austria ($2.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$5.3M (1.21k%)
Algeria$2.74M (481%)
Mexico$2.63M (1.49k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Turkey WERE (2021 - 2022):
Poland-$5.56M (-95.5%)
Uzbekistan-$3.78M (-75.4%)
Netherlands-$2.99M (-89.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Turkey's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.2M
TOP IMPORT POTENTIALChina+ $4.87M

Industrial Furnaces’s highest export potential is United States. With an export gap of $3.2M.   Industrial Furnaces’s highest import potential is China with an import gap of $4.87M.

See methodology.

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