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Industrial and laboratory electric furnaces: top exporters and importers (2024)

In 2024, world trade in industrial and laboratory electric furnaces totaled $6.6 billion (368 thousand tonnes). The top exporters were China (24%), Germany (17%) and Italy (11%); the top importers were the United States (15%), China (8%) and Indonesia (6%). Compared with 2019, the value rose 16%.

Summary

World trade
$6.6billion
Tonnes
368thousand tonnes
Price per tonne
$17,942
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1.6 billion · 24.2%
  2. Germany$1.1 billion · 17%
  3. Italy$706 million · 10.7%
  4. United States$504 million · 7.6%
  5. Japan$312 million · 4.7%
  6. South Korea$297 million · 4.5%
  7. United Kingdom$203 million · 3.1%
  8. France$175 million · 2.7%
  9. Austria$167 million · 2.5%
  10. Taiwan$129 million · 2%
  11. India$127 million · 1.9%
  12. Czechia$93 million · 1.4%
  13. Turkey$90 million · 1.4%
  14. Poland$90 million · 1.4%
  15. Sweden$86 million · 1.3%
  16. Netherlands$71 million · 1.1%
    re-exports
  17. Spain$67 million · 1%
  18. Mexico$59 million · 0.9%
  19. Switzerland$55 million · 0.83%
  20. Canada$54 million · 0.82%

Top importers

  1. United States$1 billion · 15.2%
  2. China$513 million · 7.8%
  3. Indonesia$423 million · 6.4%
  4. Germany$274 million · 4.2%
  5. Russia$223 million · 3.4%
  6. India$219 million · 3.3%
  7. Mexico$215 million · 3.3%
  8. Taiwan$194 million · 2.9%
  9. South Korea$187 million · 2.8%
  10. Vietnam$176 million · 2.7%
  11. France$172 million · 2.6%
  12. Canada$159 million · 2.4%
  13. Japan$151 million · 2.3%
  14. Thailand$149 million · 2.3%
  15. United Kingdom$146 million · 2.2%
  16. Turkey$141 million · 2.1%
  17. Italy$130 million · 2%
  18. Malaysia$130 million · 2%
  19. Saudi Arabia$107 million · 1.6%
  20. Austria$89 million · 1.3%

Trend

Who sells it

China has been the top exporter since 2019

Value in USD billions. The five largest exporters in 2024.

  • China 1.6
  • Germany 1.1
  • Italy 0.71
  • United States 0.5
  • Japan 0.31

Source: CEPII BACI

Show the numbers
Country19952024
China0.011.6
Germany0.451.1
Italy0.150.71
United States0.490.5
Japan0.570.31

Price

Implied price

The price per tonne fell 13% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $17,942

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$20,729
1996$19,184
1997$17,267
1998$16,368
1999$13,958
2000$20,866
2001$21,363
2002$18,750
2003$19,289
2004$19,405
2005$22,239
2006$22,595
2007$22,080
2008$24,805
2009$23,504
2010$24,027
2011$19,063
2012$21,198
2013$23,004
2014$23,392
2015$22,742
2016$21,895
2017$21,240
2018$23,462
2019$20,009
2020$17,882
2021$15,457
2022$17,749
2023$16,001
2024$17,942

What it includes

  • 8514 · Industrial and laboratory electric furnaces

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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