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2022
Exports $2.65BWorld Rnk 1 / 201
Flag Rnk 252 / 1216
2022
Destination $25.6M United States
2021 - 2022
FASTEST GROWING MARKET $25.6MVietnam
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $965MWorld Rnk 2 / 220
Flag Rnk 230 / 1212
2022
Origin $12.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $12.2MFrance
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.65B in Electric Soldering Equipment, making it the 1st largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 252nd most exported product in China. The main destination of Electric Soldering Equipment exports from China are: United States ($250M), Russia ($200M), India ($150M), Vietnam ($149M), and Germany ($138M).

The fastest growing export markets for Electric Soldering Equipment of China between 2021 and 2022 were Vietnam ($25.6M), Germany ($17.5M), and Turkey ($14.5M).

Imports In 2022, China imported $965M 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 230th most imported product in China. China imports Electric Soldering Equipment primarily from: Germany ($329M), Japan ($132M), South Korea ($129M), Hong Kong ($59.3M), and United States ($58.8M).

The fastest growing import markets in Electric Soldering Equipment for China between 2021 and 2022 were France ($12.2M), Italy ($9.02M), and United States ($8.05M).

COMPANIES In 2023, leading companies such as CrimsonLogic (71), Motorola (51), and Groupe SEB (50) were at the forefront of shipping Electric Soldering Equipment from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Electric Soldering Equipment exports accounted up to $279M and imports accounted up to $47.8M, resulting in a positive trade balance of $231M. Between November 2023 and November 2024 the exports of China's   Electric Soldering Equipment have increased by $43.2M (18.3%) from $236M to $279M, while imports increased by $3.99M (9.1%) from $43.8M to $47.8M.

Destinations In November 2024, Electric Soldering Equipment were exported mostly to Russia ($32.9M), United States ($28.8M), India ($20M), Vietnam ($16.6M), and United Kingdom ($12.9M), and were imported mostly from Germany ($24.4M), Japan ($8.06M), Austria ($3.36M), Switzerland ($2.47M), and France ($2.12M).

Growth In November 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to Russia ($9.85M or 54.8%), France ($3.81M or 260%), and Poland ($3.13M or 58.6%). In November 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Belgium ($601k or 22.5k%), United States ($583k or 17.9%), and China ($126k or 34.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$43.2M(18.3%)
IMPORT GROWTH (November 2023 - November 2024)$3.99M(9.1%)
MAIN EXPORTER (November 2024)Zhejiang Province$65.5M
MAIN DESTINATION (November 2024)Russia$32.9M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.65B
IMPORTS (2022)$965M
NET TRADE (2022)$1.68B

In 2022, China exported $2.65B in Electric Soldering Equipment. The main destinations of China exports on Electric Soldering Equipment were United States ($250M), Russia ($200M), India ($150M), Vietnam ($149M), and Germany ($138M).

In 2022, China imported $965M in Electric Soldering Equipment, mainly from Germany ($329M), Japan ($132M), South Korea ($129M), Hong Kong ($59.3M), and United States ($58.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$25.6M (20.8%)
Germany$17.5M (14.5%)
Turkey$14.5M (61.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY China WERE (2021 - 2022):
Hong Kong-$33.2M (-68.3%)
South Africa-$30.3M (-54.4%)
Chile-$21.7M (-44.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric Soldering Equipment were:
Germany $2.39B
United States $1.09B
In 2022, China's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $79.9M
TOP IMPORT POTENTIALJapan+ $38M

Electric Soldering Equipment’s highest export potential is India. With an export gap of $79.9M.   Electric Soldering Equipment’s highest import potential is Japan with an import gap of $38M.

See methodology.

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