Industrial Furnaces in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $67.6M in Industrial Furnaces, making it the 14th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 450th most exported product in Canada. The main destination of Industrial Furnaces exports from Canada are: United States ($50.2M), Italy ($4.73M), Malaysia ($1.83M), China ($1.35M), and Sri Lanka ($1.28M).

The fastest growing export markets for Industrial Furnaces of Canada between 2021 and 2022 were Italy ($4.58M), Malaysia ($1.83M), and China ($1.27M).

Imports In 2022, Canada imported $138M in Industrial Furnaces, becoming the 9th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 509th most imported product in Canada. Canada imports Industrial Furnaces primarily from: United States ($105M), China ($9.63M), Italy ($7.29M), Germany ($4.48M), and Denmark ($2.71M).

The fastest growing import markets in Industrial Furnaces for Canada between 2021 and 2022 were United States ($39.6M), Denmark ($2.37M), and China ($2.12M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (1) were at the forefront of shipping Industrial Furnaces from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Industrial Furnaces exports accounted up to C$8.8M and imports accounted up to C$13M, resulting in a negative trade balance of C$4.22M. Between February 2023 and February 2024 the exports of Canada's Industrial Furnaces have increased by C$2.18M (32.9%) from C$6.62M to C$8.8M, while imports decreased by C$-5.93M (-31.3%) from C$18.9M to C$13M.

Destinations In February 2024, Industrial Furnaces were exported mostly to United States (C$6.62M), Italy (C$1.27M), Philippines (C$697k), United Kingdom (C$157k), and France (C$15.9k), and were imported mostly from United States (C$8.5M), Germany (C$1.93M), Italy (C$802k), China (C$748k), and Australia (C$283k).

Growth In February 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to Mauritania (C$11.6k or 368%) and Brazil (C$924 or 26.5%). In February 2024, the decrease in Industrial Furnaces's year-by-year imports was explained primarily by a decrease in imports from United States (C$-2.8M or -27.7%), Japan (C$-1.67M or -99.9%), and China (C$-488k or -62.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$2.18M(32.9%)

IMPORT GROWTH (February 2023 - February 2024)C$-5.93M(-31.3%)

MAIN EXPORTER (February 2024)OntarioC$6.35M

MAIN DESTINATION (February 2024)United StatesC$6.62M

This section shows Industrial Furnaces's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Industrial Furnaces over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$67.6M

IMPORTS (2022)$138M

NET TRADE (2022)-$70.3M

In 2022, Canada exported $67.6M in Industrial Furnaces. The main destinations of Canada exports on Industrial Furnaces were United States ($50.2M), Italy ($4.73M), Malaysia ($1.83M), China ($1.35M), and Sri Lanka ($1.28M).

In 2022, Canada imported $138M in Industrial Furnaces, mainly from United States ($105M), China ($9.63M), Italy ($7.29M), Germany ($4.48M), and Denmark ($2.71M).

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