🇺🇸 United States imports of electric furnace: 2024 trade data
Imports of electric furnace by the United States reached $973.4 million in 2024 (37.7 thousand tonnes). It ranks 1st of 212 countries for imports of this product. That is 28% more than in 2023. Over 2017-2024 the trade grew strongly, by about 10% a year on average.
Public statistics, latest reported year 2024. Values in US dollars.
Imports of electric furnace by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $973.4M | 37.7K t |
| 2023 | $761.9M | 31.6K t |
| 2022 | $693.9M | 30.8K t |
| 2021 | $546.9M | 26.2K t |
| 2020 | $507.0M | 22.2K t |
| 2019 | $626.1M | 18.3K t |
| 2018 | $551.4M | 15.5K t |
| 2017 | $499.9M | 14.9K t |
Where the United States imports electric furnace from
The largest suppliers were Germany (26%), United Kingdom (11%), Italy (10%). Trade is spread widely: the top three suppliers together make up only 47%. Among the main suppliers, South Korea grew fastest (+111% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| 🇩🇪 Germany | $255.4M | 26% |
| 🇬🇧 United Kingdom | $102.3M | 11% |
| 🇮🇹 Italy | $101.7M | 11% |
| 🇨🇳 China | $85.0M | 8.7% |
| 🇯🇵 Japan | $72.6M | 7.5% |
| 🇰🇷 South Korea | $66.9M | 6.9% |
| 🇲🇽 Mexico | $54.7M | 5.6% |
| 🇨🇦 Canada | $29.1M | 3% |
| 🇦🇹 Austria | $22.3M | 2.3% |
| 🇫🇷 France | $22.1M | 2.3% |
Types of electric furnace under HS 8514
| 8514.90 | Furnaces, ovens and heating equipment: parts of the industrial or laboratory equipment of heading no. 8514 | 44% |
| 8514.10 | Furnaces and ovens: electric, for industrial or laboratory use, resistance heated | 28% |
| 8514.30 | Furnaces and ovens: electric, for industrial or laboratory use, other than those functioning by induction, dielectric loss or resistance heated | 12% |
| 8514.40 | Heating equipment: for the heat treatment of materials by induction or dielectric loss, industrial or laboratory, other than furnaces and ovens | 8% |
| 8514.20 | Furnaces and ovens: electric, for industrial or laboratory use, functioning by induction or dielectric loss | 7.8% |
Codes and full descriptions: HS heading 8514.
Average import price of electric furnace
The average declared value was about $25.81 per kg, 43% above the world average of $18.05. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
The United States also exports electric furnace
Exports of electric furnace by the United States reached $536.4 million in 2024 (8.1 thousand tonnes). That makes it the 4th largest exporter of this product worldwide, out of 160 countries. Most of it went to Mexico (13%), Taiwan (12%), Canada (11%). Trade is spread widely: the top three buyer markets together make up only 36%. Among the main buyer markets, India grew fastest (+228% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇲🇽 Mexico | $71.4M | 13% |
| Taiwan | $63.4M | 12% |
| 🇨🇦 Canada | $57.2M | 11% |
| 🇨🇳 China | $48.7M | 9.1% |
| 🇮🇳 India | $37.4M | 7% |
| 🇰🇷 South Korea | $30.6M | 5.7% |
| 🇬🇧 United Kingdom | $26.1M | 4.9% |
| 🇲🇾 Malaysia | $19.9M | 3.7% |
| 🇩🇪 Germany | $19.3M | 3.6% |
| 🇸🇬 Singapore | $14.6M | 2.7% |
Who is behind these numbers in the United States?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 8514: Industrial or laboratory electric furnaces and ovens (including those functioning by induction or dielectric loss); other industrial or laboratory equipment for the heat treatment of materials by induction or dielectric loss.
Electric furnace trade in the United States: questions
What is the value of electric furnace imported by the United States?
The United States imported electric furnace worth $973.4 million in 2024 (37.7 thousand tonnes).
Where does the United States import electric furnace from?
The main supplier countries in 2024 were Germany (26%), United Kingdom (11%), Italy (10%).
What is the average import price of electric furnace in the United States?
The average declared import value was about $25.81 per kg in 2024, against a world average of $18.05 per kg.
Does the United States export electric furnace?
Yes. The United States exported electric furnace worth $536.4 million in 2024, mainly to Mexico, Taiwan, Canada.
What is the HS code for electric furnace?
Electric furnace falls under HS heading 8514 (Industrial or laboratory electric furnaces and ovens (including those functioning by induction or dielectric loss); othe). The six-digit codes under it split the product by type.
How can I find the companies trading electric furnace with the United States?
These public statistics stop at country level. EximDataX has a direct customs feed for the United States with shipment-level records, updated weekly, where you can see the importers and exporters by name.
Electric furnace trade in other countries
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