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

851432 (Harmonized System 2022 for 6-digit)

2023
World Trade $60MRnk 4959 / 5606
2023
Top Exporter | Top Importer $23.8M | $15.6MGermany | China
2023
Product Complexity 0.67Rnk 1591 / 5606
2022 - 2023
Export Growth (CAGR) -46.8%Rnk 5471 / 5606
2023
Share of World Trade 0.00027%Rnk 4959 / 5606

About

Overview This page contains the latest trade data of Electric plasma and vacuum arc furnaces. In 2023, Electric plasma and vacuum arc furnaces were the world's 4959th most traded product, with a total trade of $60M. Between 2022 and 2023 the exports of Electric plasma and vacuum arc furnaces decreased by -46.8%, from $113M to $60M. Trade in Electric plasma and vacuum arc furnaces represent 0.00027% of total world trade.

Electric plasma and vacuum arc furnaces are a part of Electric Furnaces.

Exports In 2023 the top exporters of Electric plasma and vacuum arc furnaces  were Germany ($23.8M), China ($10M), Italy ($5.98M), Greece ($3.66M), and Austria ($3.36M).

Imports In 2023 the top importers of Electric plasma and vacuum arc furnaces were China ($15.6M), United States ($10.1M), Japan ($5.27M), Chinese Taipei ($3.19M), and Australia ($2.58M).

Ranking Electric plasma and vacuum arc furnaces ranks 1591st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric plasma and vacuum arc furnaces. 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)Germany$23.8M
Top Destination (2023)China$15.6M

In 2023 Electric plasma and vacuum arc furnaces were the world's 4959th most traded product (out of 5,606).

In 2023, the top exporters of Electric plasma and vacuum arc furnaces were Germany ($23.8M), China ($10M), Italy ($5.98M), Greece ($3.66M), and Austria ($3.36M).

In 2023, the top importers of Electric plasma and vacuum arc furnaces were China ($15.6M), United States ($10.1M), Japan ($5.27M), Chinese Taipei ($3.19M), and Australia ($2.58M).

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Exporters of Electric plasma and vacuum arc furnaces (2023)
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Importers of Electric plasma and vacuum arc furnaces (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Italy$5.56M
Top Destination Growth (2022 -  2023)Japan$4.83M

Between 2022 and 2023, the exports of Electric plasma and vacuum arc furnaces grew the fastest in Italy ($5.56M), Greece ($3.66M), Poland ($1.36M), United Arab Emirates ($797k), and United Kingdom ($540k).

Between 2022 and 2023, the fastest growing importers of Electric plasma and vacuum arc furnaces were Japan ($4.83M), United States ($4.7M), Chinese Taipei ($3.18M), United Arab Emirates ($1.62M), and Germany ($1.56M).

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Exporters of Electric plasma and vacuum arc furnaces (2022 - 2023)

Importers of Electric plasma and vacuum arc furnaces (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric plasma and vacuum arc furnaces.

In 2023, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Electric plasma and vacuum arc furnaces are explained by 8 countries.

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Value of Exports in Electric plasma and vacuum arc furnaces

Net Trade

Year
TOP NET EXPORTER (2023)Germany$21.4M
TOP NET IMPORTER (2023)United States$7.45M

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

In 2023, the countries that had a largest trade value in exports than in imports of Electric plasma and vacuum arc furnaces were Germany ($21.4M), Italy ($5.86M), Greece ($3.63M), Austria ($2.1M), and Poland ($1.38M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric plasma and vacuum arc furnaces were United States ($7.45M), China ($5.6M), Chinese Taipei ($3.07M), Australia ($2.49M), and Japan ($2.3M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Electric plasma and vacuum arc furnaces 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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