2023
Exports
$1.24MWorld Rnk 71 / 197
Flag Rnk 56 / 682
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$1.05MWorld Rnk 143 / 224
Flag Rnk 340 / 1063
2023
ECONOMIC COMPLEXITY of Benin
-0.43Rnk 83 / 132

About

Exports In 2023, Benin exported $1.24M in Electric Soldering Equipment, making it the 71st largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 56th most exported product in Benin. The main destination of Electric Soldering Equipment exports from Benin are: Belgium ($546k), Malaysia ($434k), Senegal ($86.8k), Netherlands ($81.1k), and United Arab Emirates ($77.8k).

The fastest growing export markets for Electric Soldering Equipment of Benin between 2022 and 2023 were Belgium ($546k), Malaysia ($434k), and Senegal ($86.6k).

Imports In 2018, Benin imported $1.05M in Electric Soldering Equipment, becoming the 143rd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 340th most imported product in Benin. Benin imports Electric Soldering Equipment primarily from: China ($303k), France ($255k), Italy ($95.1k), Lebanon ($89.4k), and Switzerland ($66.1k).

The fastest growing import markets in Electric Soldering Equipment for Benin between 2022 and 2023 were France ($93.7k), Italy ($74.4k), and Belgium ($31.2k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Soldering Equipment. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.24M
IMPORTS (2023)$1.05M
NET TRADE (2023)$187k

In 2023, Benin exported $1.24M in Electric Soldering Equipment. The main destinations of Benin exports on Electric Soldering Equipment were Belgium ($546k), Malaysia ($434k), Senegal ($86.8k), Netherlands ($81.1k), and United Arab Emirates ($77.8k).

In 2023, Benin imported $1.05M in Electric Soldering Equipment, mainly from China ($303k), France ($255k), Italy ($95.1k), Lebanon ($89.4k), and Switzerland ($66.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Benin WERE (2022 - 2023):
Belgium$546k (1%)
Malaysia$434k (1%)
Senegal$86.6k (46.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Benin WERE (2022 - 2023):
Niger-$41.3k (-100%)
India-$30.5k (-100%)
France-$4.61k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Benin's main exporting competitors in Electric Soldering Equipment were:
In 2023, Benin's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $42.6k
TOP IMPORT POTENTIALChina+ $322k

Electric Soldering Equipment’s highest export potential is India. With an export gap of $42.6k.   Electric Soldering Equipment’s highest import potential is China with an import gap of $322k.

See methodology.

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