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Furnaces and ovens; electric, for industrial or laboratory use, other than those functioning by induction, dielectric loss or resistance heated, other than electron beam, plasma or vacuum arc furnaces

851439 (Harmonized System 2022 for 6-digit)

2023
World Trade $792MRnk 2568 / 5606
2023
Top Exporter | Top Importer $353M | $180MChina | Indonesia
2023
Product Complexity 1.35Rnk 335 / 5606
2022 - 2023
Export Growth (CAGR) 8.48%Rnk 1079 / 5606
2023
Share of World Trade 0.0035%Rnk 2568 / 5606

About

Overview This page contains the latest trade data of Electric furnaces; excluding electron beam/plasma/vacuum arc. In 2023, Electric furnaces; excluding electron beam/plasma/vacuum arc were the world's 2568th most traded product, with a total trade of $792M. Between 2022 and 2023 the exports of Electric furnaces; excluding electron beam/plasma/vacuum arc grew by 8.48%, from $730M to $792M. Trade in Electric furnaces; excluding electron beam/plasma/vacuum arc represent 0.0035% of total world trade.

Electric furnaces; excluding electron beam/plasma/vacuum arc are a part of Electric Furnaces.

Exports In 2023 the top exporters of Electric furnaces; excluding electron beam/plasma/vacuum arc  were China ($353M), Germany ($89M), United States ($53.8M), Austria ($42.8M), and Italy ($42.7M).

Imports In 2023 the top importers of Electric furnaces; excluding electron beam/plasma/vacuum arc were Indonesia ($180M), China ($51.8M), Thailand ($48.3M), United States ($42.7M), and Mexico ($30.5M).

Ranking Electric furnaces; excluding electron beam/plasma/vacuum arc ranks 335th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric furnaces; excluding electron beam/plasma/vacuum arc. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)China$353M
Top Destination (2023)Indonesia$180M

In 2023 Electric furnaces; excluding electron beam/plasma/vacuum arc were the world's 2568th most traded product (out of 5,606).

In 2023, the top exporters of Electric furnaces; excluding electron beam/plasma/vacuum arc were China ($353M), Germany ($89M), United States ($53.8M), Austria ($42.8M), and Italy ($42.7M).

In 2023, the top importers of Electric furnaces; excluding electron beam/plasma/vacuum arc were Indonesia ($180M), China ($51.8M), Thailand ($48.3M), United States ($42.7M), and Mexico ($30.5M).

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Exporters of Electric furnaces; excluding electron beam/plasma/vacuum arc (2023)
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Importers of Electric furnaces; excluding electron beam/plasma/vacuum arc (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)China$67.6M
Top Destination Growth (2022 -  2023)Indonesia$34M

Between 2022 and 2023, the exports of Electric furnaces; excluding electron beam/plasma/vacuum arc grew the fastest in China ($67.6M), Germany ($20.5M), Austria ($17.3M), United States ($13.6M), and India ($7.32M).

Between 2022 and 2023, the fastest growing importers of Electric furnaces; excluding electron beam/plasma/vacuum arc were Indonesia ($34M), Mexico ($15.8M), Iceland ($14.1M), Thailand ($13.1M), and Russia ($11M).

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Exporters of Electric furnaces; excluding electron beam/plasma/vacuum arc (2022 - 2023)

Importers of Electric furnaces; excluding electron beam/plasma/vacuum arc (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric furnaces; excluding electron beam/plasma/vacuum arc.

In 2023, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Electric furnaces; excluding electron beam/plasma/vacuum arc are explained by 9 countries.

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Value of Exports in Electric furnaces; excluding electron beam/plasma/vacuum arc

Net Trade

Year
TOP NET EXPORTER (2023)China$301M
TOP NET IMPORTER (2023)Indonesia$180M

This map shows which countries export or import more of Electric furnaces; excluding electron beam/plasma/vacuum arc. Each country is colored based on the difference in exports and imports of Electric furnaces; excluding electron beam/plasma/vacuum arc during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric furnaces; excluding electron beam/plasma/vacuum arc were China ($301M), Germany ($64.3M), Austria ($33M), Italy ($29.3M), and Chinese Taipei ($16.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric furnaces; excluding electron beam/plasma/vacuum arc were Indonesia ($180M), Thailand ($47.2M), Mexico ($29.7M), Malaysia ($26.6M), and Vietnam ($18.9M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric furnaces; excluding electron beam/plasma/vacuum arc.
It is possible to select the main countries that export or import Electric furnaces; excluding electron beam/plasma/vacuum arc in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric furnaces; excluding electron beam/plasma/vacuum arc by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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