Electric Furnaces in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $722M in Electric Furnaces, making it the 3rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 191st most exported product in Italy. The main destination of Electric Furnaces exports from Italy are: United States ($79.5M), France ($67.5M), Germany ($45.6M), Spain ($32.3M), and Russia ($32.2M).

The fastest growing export markets for Electric Furnaces of Italy between 2021 and 2022 were United States ($22.3M), France ($9.26M), and Turkey ($8.86M).

Imports In 2022, Italy imported $125M in Electric Furnaces, becoming the 14th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 542nd most imported product in Italy. Italy imports Electric Furnaces primarily from: Germany ($48.9M), Switzerland ($12.7M), China ($10.9M), United States ($10.2M), and France ($7.83M).

The fastest growing import markets in Electric Furnaces for Italy between 2021 and 2022 were France ($4.73M), China ($4.09M), and United States ($3.85M).

COMPANIES In 2023, leading companies such as MARELLI AUTOMOTIVE LIGHTING USA LLC (4), BSH HOME APPLIANCES CORP. (1), and SMP AUTOMOTIVE SYSTEMS INC (1) were at the forefront of shipping Electric Furnaces from Italy to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Italy's Electric Furnaces exports accounted up to €55.5M and imports accounted up to €6.69M, resulting in a positive trade balance of €48.8M. Between January 2023 and January 2024 the exports of Italy's Electric Furnaces have increased by €17.8M (47.3%) from €37.7M to €55.5M, while imports decreased by €-4.72M (-41.4%) from €11.4M to €6.69M.

Destinations In January 2024, Electric Furnaces were exported mostly to United States (€6.25M), Argentina (€5.94M), South Korea (€4.56M), China (€4.11M), and Germany (€4.01M), and were imported mostly from Germany (€2.83M), Switzerland (€1.36M), United States (€769k), China (€589k), and United Kingdom (€372k).

Growth In January 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to Indonesia (€1.81M or 622%), France (€1.7M or 62.6%), and Sweden (€1.26M or 585%). In January 2024, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from United States (€-842k or -68.9%), Sweden (€-290k or -93.6%), and Spain (€-256k or -89.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€17.8M(47.3%)

IMPORT GROWTH (January 2023 - January 2024)€-4.72M(-41.4%)

MAIN DESTINATION (January 2024)United States€6.25M

This section shows Electric Furnaces's exports and imports data at subnational level for Italy. 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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$722M

IMPORTS (2022)$125M

NET TRADE (2022)$597M

In 2022, Italy exported $722M in Electric Furnaces. The main destinations of Italy exports on Electric Furnaces were United States ($79.5M), France ($67.5M), Germany ($45.6M), Spain ($32.3M), and Russia ($32.2M).

In 2022, Italy imported $125M in Electric Furnaces, mainly from Germany ($48.9M), Switzerland ($12.7M), China ($10.9M), United States ($10.2M), and France ($7.83M).

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