Electric Soldering Equipment in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $307M in Electric Soldering Equipment, making it the 9th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 220th most exported product in Canada. The main destination of Electric Soldering Equipment exports from Canada are: United States ($246M), Mexico ($17.1M), France ($12.2M), Belgium ($5.43M), and South Africa ($4.6M).

The fastest growing export markets for Electric Soldering Equipment of Canada between 2021 and 2022 were United States ($38.2M), France ($7.41M), and Belgium ($5.32M).

Imports In 2022, Canada imported $444M in Electric Soldering Equipment, becoming the 5th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 250th most imported product in Canada. Canada imports Electric Soldering Equipment primarily from: United States ($308M), China ($29.4M), Japan ($26.3M), Germany ($19M), and Switzerland ($15.4M).

The fastest growing import markets in Electric Soldering Equipment for Canada between 2021 and 2022 were United States ($12.3M), Switzerland ($3.72M), and India ($2.26M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (2) were at the forefront of shipping Electric Soldering Equipment from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Electric Soldering Equipment exports accounted up to C$41.7M and imports accounted up to C$56.3M, resulting in a negative trade balance of C$14.6M. Between January 2023 and January 2024 the exports of Canada's Electric Soldering Equipment have increased by C$11.2M (36.5%) from C$30.5M to C$41.7M, while imports increased by C$9.26M (19.7%) from C$47M to C$56.3M.

Destinations In January 2024, Electric Soldering Equipment were exported mostly to United States (C$31.3M), Mexico (C$7.95M), Australia (C$1.14M), United Kingdom (C$400k), and France (C$324k), and were imported mostly from United States (C$35.9M), Japan (C$8.5M), China (C$2.64M), Italy (C$1.64M), and South Korea (C$1.49M).

Growth In January 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to United States (C$3.91M or 17.2%), Singapore (C$37.4k or 208%), and Brazil (C$26.6k or 3.07k%). In January 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from United States (C$4M or 16.2%), Germany (C$1.95M or 102%), and China (C$1.43M or 60.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$11.2M(36.5%)

IMPORT GROWTH (January 2023 - January 2024)C$9.26M(19.7%)

MAIN EXPORTER (January 2024)OntarioC$36.8M

MAIN DESTINATION (January 2024)United StatesC$31.3M

This section shows Electric Soldering Equipment'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 Electric Soldering Equipment over time.

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