Electric Furnaces in Germany | The Observatory of Economic Complexity

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Exports In 2022, Germany exported $882M in Electric Furnaces, making it the 2nd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 313th most exported product in Germany. The main destination of Electric Furnaces exports from Germany are: China ($153M), United States ($113M), Italy ($48.9M), Austria ($46.4M), and South Korea ($39.4M).

The fastest growing export markets for Electric Furnaces of Germany between 2021 and 2022 were South Korea ($20.5M), India ($12.2M), and Turkey ($11.3M).

Imports In 2022, Germany imported $260M in Electric Furnaces, becoming the 4th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 567th most imported product in Germany. Germany imports Electric Furnaces primarily from: Italy ($45.6M), China ($42.9M), Austria ($30.7M), United States ($22M), and Czechia ($17.6M).

The fastest growing import markets in Electric Furnaces for Germany between 2021 and 2022 were China ($12.9M), Italy ($4M), and France ($3.18M).

COMPANIES In 2023, leading companies such as ZF FRIEDRICHSHAFEN AG (94), MAGNA INTERNATIONAL INC. (85), and GENERAL MOTORS LLC (21) were at the forefront of shipping Electric Furnaces from Germany to the United States.

Mar 2024

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$882M

IMPORTS (2022)$260M

NET TRADE (2022)$622M

In 2022, Germany exported $882M in Electric Furnaces. The main destinations of Germany exports on Electric Furnaces were China ($153M), United States ($113M), Italy ($48.9M), Austria ($46.4M), and South Korea ($39.4M).

In 2022, Germany imported $260M in Electric Furnaces, mainly from Italy ($45.6M), China ($42.9M), Austria ($30.7M), United States ($22M), and Czechia ($17.6M).