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851490 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.58BRnk 1712 / 4648
2022
Top Exporter | Top Importer $296M | $279MChina | United States
2022
Product Complexity 0.74Rnk 1199 / 4653
2021 - 2022
Export Growth (CAGR) 0.67%Rnk 2852 / 4648
2022
Share of World Trade 0.0067%Rnk 1712 / 4648

About

Overview This page contains the latest trade data of Parts of industrial/etc electric furnaces/ovens nes. In 2022, Parts of industrial/etc electric furnaces/ovens nes were the world's 1712th most traded product, with a total trade of $1.58B. Between 2021 and 2022 the exports of Parts of industrial/etc electric furnaces/ovens nes grew by 0.67%, from $1.57B to $1.58B. Trade in Parts of industrial/etc electric furnaces/ovens nes represent 0.0067% of total world trade.

Parts of industrial/etc electric furnaces/ovens nes are a part of Electric Furnaces.

Exports In 2022 the top exporters of Parts of industrial/etc electric furnaces/ovens nes  were China ($296M), Germany ($194M), United States ($161M), Italy ($158M), and Japan ($90M).

Imports In 2022 the top importers of Parts of industrial/etc electric furnaces/ovens nes were United States ($279M), China ($150M), Indonesia ($99.7M), Germany ($79.2M), and Malaysia ($54.6M).

Ranking Parts of industrial/etc electric furnaces/ovens nes ranks 1199th in the Product Complexity Index (PCI).

Description Industrial ovens are typically used for industrial purposes. They are often used to provide heating or cooling for large industrial buildings. They are also used to provide a controlled environment for industrial processes, like processing glass or metals. They can also be used to provide high-temperature sterilization for medical equipment. Home ovens are typically used for cooking food.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of industrial/etc electric furnaces/ovens nes. 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$296M
Top Destination (2022)United States$279M

In 2022 Parts of industrial/etc electric furnaces/ovens nes were the world's 1712th most traded product (out of 4,648).

In 2022, the top exporters of Parts of industrial/etc electric furnaces/ovens nes were China ($296M), Germany ($194M), United States ($161M), Italy ($158M), and Japan ($90M).

In 2022, the top importers of Parts of industrial/etc electric furnaces/ovens nes were United States ($279M), China ($150M), Indonesia ($99.7M), Germany ($79.2M), and Malaysia ($54.6M).

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Exporters of Parts of industrial/etc electric furnaces/ovens nes (2022)
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Importers of Parts of industrial/etc electric furnaces/ovens nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$53.1M
Top Destination Growth (2021 -  2022)United States$37.2M

Between 2021 and 2022, the exports of Parts of industrial/etc electric furnaces/ovens nes grew the fastest in China ($53.1M), Singapore ($46.9M), Austria ($18.3M), Mexico ($16.8M), and Belgium ($16.7M).

Between 2021 and 2022, the fastest growing importers of Parts of industrial/etc electric furnaces/ovens nes were United States ($37.2M), Indonesia ($26.4M), Malaysia ($21.6M), Turkey ($12.6M), and Saudi Arabia ($9.5M).

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Exporters of Parts of industrial/etc electric furnaces/ovens nes (2021 - 2022)

Importers of Parts of industrial/etc electric furnaces/ovens nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of industrial/etc electric furnaces/ovens nes.

In 2022, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Parts of industrial/etc electric furnaces/ovens nes are explained by 19 countries.

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Value of Exports in Parts of industrial/etc electric furnaces/ovens nes

Net Trade

TOP NET EXPORTER (2022)China$146M
TOP NET IMPORTER (2022)United States$118M

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

In 2022, the countries that had a largest trade value in exports than in imports of Parts of industrial/etc electric furnaces/ovens nes were China ($146M), Germany ($115M), Italy ($114M), Singapore ($41.8M), and Japan ($36.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of industrial/etc electric furnaces/ovens nes were United States ($118M), Indonesia ($99.6M), Malaysia ($49.4M), Kazakhstan ($24.4M), and Vietnam ($22.1M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Parts of industrial/etc electric furnaces/ovens nes 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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