HS Icon Electric Soldering Equipment in  Flag Canada

2019
Exports | Imports
: $287M | $329M, World Rnk 10 / 196
Flag Rnk 206 / 1208 | World Rnk 8 / 224
Flag Rnk 269 / 1213

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $20.8M | $1.6M, Mexico |  United Arab Emirates

2019
ECONOMIC COMPLEXITY of Canada
: 0.96, Rnk 31 / 147

2019
PRODUCT COMPLEXITY  IN Electric Soldering Equipment
: 1.74, Rnk 22 / 1029

Exports: In 2019, Canada exported $287M in Electric Soldering Equipment, making it the 10th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 206th most exported product in Canada. The main destination of Electric Soldering Equipment exports from Canada are: United States ($214M), Mexico ($37.6M), Germany ($3.95M), Singapore ($3.85M), and Saudi Arabia ($3.78M).

The fastest growing export markets for Electric Soldering Equipment of Canada between 2018 and 2019 were Mexico ($20.8M), Spain ($2.98M), and Germany ($2.9M).

Imports: In 2019, Canada imported $329M in Electric Soldering Equipment, becoming the 8th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 269th most imported product in Canada. Canada imports Electric Soldering Equipment primarily from: United States ($220M), Japan ($40.3M), Germany ($17.9M), China ($16.9M), and Mexico ($7.51M).

The fastest growing import markets in Electric Soldering Equipment for Canada between 2018 and 2019 were United Arab Emirates ($1.6M), Netherlands ($728k), and Kuwait ($450k).

Latest Trends (May 2021)

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Overview: In May 2021 Canada's Electric Soldering Equipment exports accounted up to C$31.3M and imports accounted up to C$39.5M, resulting in a negative trade balance of C$8.24M. Between May 2020 and May 2021 the exports of Canada's   Electric Soldering Equipment have increased by C$18.8M (150%) from C$12.5M to C$31.3M, while imports increased by C$8.89M (29%) from C$30.6M to C$39.5M.

Destinations: In May 2021, Electric Soldering Equipment were exported mostly to United States (C$26M), Poland (C$2.83M), Mexico (C$908k), France (C$648k), and Netherlands (C$328k), and were imported mostly from United States (C$20.2M), Japan (C$6.58M), Germany (C$3.55M), China (C$3.37M), and Mexico (C$1.72M).

Growth: In May 2021, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to United States (C$16.3M or 169%), Mexico (C$875k or 2.65k%), and Netherlands (C$314k or 2.28k%). In May 2021, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from United States (C$6.41M or 46.7%), Japan (C$1.73M or 35.6%), and Italy (C$874k or 1.37k%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): C$18.8M, (150%)

IMPORT GROWTH (May 2020 - May 2021): C$8.89M, (29%)

MAIN EXPORTER (May 2021): Ontario, C$28.7M

MAIN DESTINATION (May 2021): United States, C$26M

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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Historical Data

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Value

EXPORTS (2019): $287M

IMPORTS (2019): $329M

NET TRADE (2019): -$41.6M

In 2019, Canada exported $287M in Electric Soldering Equipment. The main destinations of Canada exports on Electric Soldering Equipment were United States ($214M), Mexico ($37.6M), Germany ($3.95M), Singapore ($3.85M), and Saudi Arabia ($3.78M).

In 2019, Canada imported $329M in Electric Soldering Equipment, mainly from United States ($220M), Japan ($40.3M), Germany ($17.9M), China ($16.9M), and Mexico ($7.51M).

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IN 2019, Canada HAD A POSITIVE NET TRADE IN Electric Soldering Equipment WITH:

IN 2019, Canada HAD A NEGATIVE NET TRADE IN Electric Soldering Equipment WITH:

Flow

THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Canada WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Canada WERE (2018 - 2019):

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Market Concentration

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Flow
Type

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

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

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Tariffs by Country

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In 2018, the tariffs for Electric Soldering Equipment in the imports of Canada were of 0% around the world.