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Furnaces and ovens; electric, for industrial or laboratory use, resistance heated; hot isostatic presses

851411 (Harmonized System 2022 for 6-digit)

2023
World Trade $120MRnk 4529 / 5606
2023
Top Exporter | Top Importer $35.1M | $31.2MSweden | China
2023
Product Complexity 0.87Rnk 1169 / 5606
2022 - 2023
Export Growth (CAGR) -13.3%Rnk 3813 / 5606
2023
Share of World Trade 0.00053%Rnk 4529 / 5606

About

Overview This page contains the latest trade data of Electric resistance heated furnaces; hot isostatic presses. In 2023, Electric resistance heated furnaces; hot isostatic presses were the world's 4529th most traded product, with a total trade of $120M. Between 2022 and 2023 the exports of Electric resistance heated furnaces; hot isostatic presses decreased by -13.3%, from $138M to $120M. Trade in Electric resistance heated furnaces; hot isostatic presses represent 0.00053% of total world trade.

Electric resistance heated furnaces; hot isostatic presses are a part of Electric Furnaces.

Exports In 2023 the top exporters of Electric resistance heated furnaces; hot isostatic presses  were Sweden ($35.1M), United States ($17.7M), Germany ($14.1M), Japan ($8.62M), and Brazil ($6.87M).

Imports In 2023 the top importers of Electric resistance heated furnaces; hot isostatic presses were China ($31.2M), United States ($14.3M), Chinese Taipei ($8.73M), Germany ($7.56M), and Philippines ($7.36M).

Ranking Electric resistance heated furnaces; hot isostatic presses ranks 1169th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric resistance heated furnaces; hot isostatic presses. 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)Sweden$35.1M
Top Destination (2023)China$31.2M

In 2023 Electric resistance heated furnaces; hot isostatic presses were the world's 4529th most traded product (out of 5,606).

In 2023, the top exporters of Electric resistance heated furnaces; hot isostatic presses were Sweden ($35.1M), United States ($17.7M), Germany ($14.1M), Japan ($8.62M), and Brazil ($6.87M).

In 2023, the top importers of Electric resistance heated furnaces; hot isostatic presses were China ($31.2M), United States ($14.3M), Chinese Taipei ($8.73M), Germany ($7.56M), and Philippines ($7.36M).

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Exporters of Electric resistance heated furnaces; hot isostatic presses (2023)
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Importers of Electric resistance heated furnaces; hot isostatic presses (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Belgium$4.05M
Top Destination Growth (2022 -  2023)Chinese Taipei$6.1M

Between 2022 and 2023, the exports of Electric resistance heated furnaces; hot isostatic presses grew the fastest in Belgium ($4.05M), Brazil ($3.4M), United States ($3.33M), Switzerland ($3.14M), and Singapore ($1.47M).

Between 2022 and 2023, the fastest growing importers of Electric resistance heated furnaces; hot isostatic presses were Chinese Taipei ($6.1M), Chile ($4.9M), France ($3.95M), Philippines ($3.6M), and Germany ($3.28M).

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Exporters of Electric resistance heated furnaces; hot isostatic presses (2022 - 2023)

Importers of Electric resistance heated furnaces; hot isostatic presses (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric resistance heated furnaces; hot isostatic presses.

In 2023, market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Electric resistance heated furnaces; hot isostatic presses are explained by 12 countries.

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Value of Exports in Electric resistance heated furnaces; hot isostatic presses

Net Trade

Year
TOP NET EXPORTER (2023)Sweden$34.9M
TOP NET IMPORTER (2023)China$26.1M

This map shows which countries export or import more of Electric resistance heated furnaces; hot isostatic presses. Each country is colored based on the difference in exports and imports of Electric resistance heated furnaces; hot isostatic presses during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric resistance heated furnaces; hot isostatic presses were Sweden ($34.9M), Japan ($8.14M), Germany ($6.57M), Brazil ($6.41M), and Belgium ($4.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric resistance heated furnaces; hot isostatic presses were China ($26.1M), Chinese Taipei ($7.84M), Philippines ($7.3M), Colombia ($2.76M), and France ($2.56M).

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 resistance heated furnaces; hot isostatic presses.
It is possible to select the main countries that export or import Electric resistance heated furnaces; hot isostatic presses in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric resistance heated furnaces; hot isostatic presses 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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