Overview: In July 2020 China's Electric Soldering Equipment exports accounted up to $229M and imports accounted up to $88.7M, resulting in a positive trade balance of $140M. Between July 2019 and July 2020 the exports of China's Electric Soldering Equipment have increased by $83.7M (57.8%) from $145M to $229M, while imports increased by $7.9M (9.77%) from $80.8M to $88.7M.
Destinations: In July 2020 Electric Soldering Equipment exported mostly to United States ($27.9M), South Korea ($27.5M), Vietnam ($22.2M), India ($11.1M), and Russia ($9.73M), and imported mostly from Germany ($28M), Japan ($22.8M), South Korea ($6.62M), China ($5.31M), and Taiwan ($5M).
Growth: In July 2020, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to South Korea ($11.4M or 226%), United States ($9.09M or 75%), and Vietnam ($7.89M or 62.3%). In July 2020, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from South Korea ($4.85M or 49%), Taiwan ($3.42M or 201%), and Switzerland ($1.87M or 185%).