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841790 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.2BRnk 1409 / 4648
2022
Top Exporter | Top Importer $603M | $191MChina | United States
2022
Product Complexity 0.47Rnk 1690 / 4653
2021 - 2022
Export Growth (CAGR) 7.92%Rnk 1844 / 4648
2022
Share of World Trade 0.0093%Rnk 1409 / 4648

About

Overview This page contains the latest trade data of Parts of industrial or laboratory furnaces/ovens. In 2022, Parts of industrial or laboratory furnaces/ovens were the world's 1409th most traded product, with a total trade of $2.2B. Between 2021 and 2022 the exports of Parts of industrial or laboratory furnaces/ovens grew by 7.92%, from $2.04B to $2.2B. Trade in Parts of industrial or laboratory furnaces/ovens represent 0.0093% of total world trade.

Parts of industrial or laboratory furnaces/ovens are a part of Industrial Furnaces.

Exports In 2022 the top exporters of Parts of industrial or laboratory furnaces/ovens  were China ($603M), Italy ($289M), Germany ($262M), United States ($137M), and Spain ($113M).

Imports In 2022 the top importers of Parts of industrial or laboratory furnaces/ovens were United States ($191M), Russia ($142M), Germany ($129M), India ($124M), and Indonesia ($88.4M).

Ranking Parts of industrial or laboratory furnaces/ovens ranks 1690th in the Product Complexity Index (PCI).

Description Industrial or laboratory furnaces/ovens are used for heating, drying, or melting.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Parts of industrial or laboratory furnaces/ovens. 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

Top Origin (2022)China$603M
Top Destination (2022)United States$191M

In 2022 Parts of industrial or laboratory furnaces/ovens were the world's 1409th most traded product (out of 4,648).

In 2022, the top exporters of Parts of industrial or laboratory furnaces/ovens were China ($603M), Italy ($289M), Germany ($262M), United States ($137M), and Spain ($113M).

In 2022, the top importers of Parts of industrial or laboratory furnaces/ovens were United States ($191M), Russia ($142M), Germany ($129M), India ($124M), and Indonesia ($88.4M).

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Exporters of Parts of industrial or laboratory furnaces/ovens (2022)
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Importers of Parts of industrial or laboratory furnaces/ovens (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$237M
Top Destination Growth (2021 -  2022)India$42M

Between 2021 and 2022, the exports of Parts of industrial or laboratory furnaces/ovens grew the fastest in China ($237M), Finland ($19.8M), United Kingdom ($19.5M), United States ($15.3M), and Italy ($12.7M).

Between 2021 and 2022, the fastest growing importers of Parts of industrial or laboratory furnaces/ovens were India ($42M), Russia ($39.7M), Indonesia ($37.7M), Canada ($26.4M), and Netherlands ($17.1M).

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Exporters of Parts of industrial or laboratory furnaces/ovens (2021 - 2022)

Importers of Parts of industrial or laboratory furnaces/ovens (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of industrial or laboratory furnaces/ovens.

In 2022, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Parts of industrial or laboratory furnaces/ovens are explained by 16 countries.

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Value of Exports in Parts of industrial or laboratory furnaces/ovens

Net Trade

TOP NET EXPORTER (2022)China$542M
TOP NET IMPORTER (2022)Russia$139M

This map shows which countries export or import more of Parts of industrial or laboratory furnaces/ovens. Each country is colored based on the difference in exports and imports of Parts of industrial or laboratory furnaces/ovens during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of industrial or laboratory furnaces/ovens were China ($542M), Italy ($213M), Germany ($134M), Spain ($53.5M), and United Kingdom ($49.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of industrial or laboratory furnaces/ovens were Russia ($139M), India ($94.8M), Indonesia ($87.7M), Mexico ($60.9M), and Iran ($54.8M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts of industrial or laboratory furnaces/ovens.
It is possible to select the main countries that export or import Parts of industrial or laboratory furnaces/ovens in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of industrial or laboratory furnaces/ovens by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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 (2022)

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