Electric Soldering Equipment in China

EXPORTS (2018): $1.79B, World Rnk 2 / 176
Flag Rnk 253 / 1218

TOP DESTINATION (2018): $165M, United States

FASTEST GROWING MARKET (2017 - 2018): $56.9M, India

IMPORTS (2018): $1.05B, World Rnk 2 / 217
Flag Rnk 193 / 1216

TOP ORIGIN (2018): $346M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $20.2M, Germany

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

PRODUCT COMPLEXITY  IN Electric Soldering Equipment (2018): 1.66, Rnk 26 / 1018

Overview: This page contains the latest trade data of Electric Soldering Equipment in China.

Exports: In 2018, China exported $1.79B in Electric Soldering Equipment, making it the 2nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 253rd most exported product in China. The main destination of Electric Soldering Equipment exports from China are: United States ($165M), Russia ($130M), India ($118M), Vietnam ($90.9M), and Germany ($85.8M).

The fastest growing export markets for Electric Soldering Equipment of China between 2017 and 2018 were India ($56.9M), United States ($37.2M), and Hong Kong ($24.9M).

Imports: In 2018, China imported $1.05B in Electric Soldering Equipment, becoming the 2nd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 193rd most imported product in China. China imports Electric Soldering Equipment primarily from: Germany ($346M), Japan ($210M), South Korea ($130M), United States ($61.6M), and Hong Kong ($40.7M).

The fastest growing import markets in Electric Soldering Equipment for China between 2017 and 2018 were Germany ($20.2M), Chinese Taipei ($11.8M), and Finland ($11.1M).

Tariffs: In 2018, the average tariff for China in Electric Soldering Equipment was 7.31%. The countries with the highest import tariffs for Electric Soldering Equipment were Brunei (10%), Indonesia (10%), Laos (10%), Malaysia (10%), and Philippines (10%).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $83.7M, (57.8%)

IMPORT GROWTH (July 2019 - July 2020): $7.9M, (9.77%)

MAIN EXPORTER (July 2020): Zhejiang Province, $55.5M

MAIN DESTINATION (July 2020): United States, $27.9M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for China. 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.

Value

EXPORTS (2018): $1.79B

IMPORTS (2018): $1.05B

NET TRADE (2018): $741M

In 2018, China exported $1.79B in Electric Soldering Equipment. The main destinations of China exports on Electric Soldering Equipment were United States ($165M), Russia ($130M), India ($118M), Vietnam ($90.9M), and Germany ($85.8M).

In 2018, China imported $1.05B in Electric Soldering Equipment, mainly from Germany ($346M), Japan ($210M), South Korea ($130M), United States ($61.6M), and Hong Kong ($40.7M).

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IN 2018, China HAD A POSITIVE NET TRADE IN Electric Soldering Equipment WITH:

  • Russia, $129M ($130M - $1.6M)
  • India, $115M ($118M - $3.13M)
  • United States, $103M ($165M - $61.6M)

IN 2018, China HAD A NEGATIVE NET TRADE IN Electric Soldering Equipment WITH:

  • Germany, -$260M ($85.8M - $346M)
  • Japan, -$130M ($80.4M - $210M)
  • South Korea, -$84.4M ($46.1M - $130M)
Flow

THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY China WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, China's main exporting competitors in Electric Soldering Equipment were:

In 2018, China's main importing competitors in Electric Soldering Equipment were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Electric Soldering Equipment in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for China in Electric Soldering Equipment was 7.31%.

The countries with the highest tariffs for Electric Soldering Equipment in China were Brunei (10%), Indonesia (10%), Laos (10%), Malaysia (10%), and Philippines (10%).

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