HS Icon Electric Soldering Equipment in  Flag China

2020
Exports | Imports
: $2.1B | $829M, World Rnk 1 / 185
Flag Rnk 216 / 1215 | World Rnk 2 / 220
Flag Rnk 235 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $59.5M | $5.37M, South Korea |  Italy


ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127


PRODUCT COMPLEXITY  IN Electric Soldering Equipment
: 1.82, Rnk 14 / 1028

Exports In 2020, China exported $2.1B 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 216th most exported product in China. The main destination of Electric Soldering Equipment exports from China are: United States ($168M), Vietnam ($160M), Russia ($159M), India ($118M), and South Korea ($107M).

The fastest growing export markets for Electric Soldering Equipment of China between 2019 and 2020 were South Korea ($59.5M), Vietnam ($40.7M), and Turkey ($30.7M).

Imports In 2020, China imported $829M 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 235th most imported product in China. China imports Electric Soldering Equipment primarily from: Germany ($278M), Japan ($191M), South Korea ($103M), United States ($38.1M), and Switzerland ($27.9M).

The fastest growing import markets in Electric Soldering Equipment for China between 2019 and 2020 were Italy ($5.37M), Chinese Taipei ($3.67M), and Russia ($2.45M).

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 (Most Favoured Nation duty rate treatement, 10%), Indonesia (Most Favoured Nation duty rate treatement, 10%), Laos (Most Favoured Nation duty rate treatement, 10%), Malaysia (Most Favoured Nation duty rate treatement, 10%), and Philippines (Most Favoured Nation duty rate treatement, 10%).

November 2021

Subnational Monthly Trade

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Value

EXPORT GROWTH (November 2020 - November 2021): $29.1M, (14.3%)

IMPORT GROWTH (November 2020 - November 2021): $-5M, (-5.77%)

MAIN EXPORTER (November 2021): Zhejiang Province, $69.2M

MAIN DESTINATION (November 2021): United States, $22.8M

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

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EXPORTS (2020): $2.1B

IMPORTS (2020): $829M

NET TRADE (2020): $1.27B

In 2020, China exported $2.1B in Electric Soldering Equipment. The main destinations of China exports on Electric Soldering Equipment were United States ($168M), Vietnam ($160M), Russia ($159M), India ($118M), and South Korea ($107M).

In 2020, China imported $829M in Electric Soldering Equipment, mainly from Germany ($278M), Japan ($191M), South Korea ($103M), United States ($38.1M), and Switzerland ($27.9M).

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IN 2020, China HAD A POSITIVE NET TRADE IN Electric Soldering Equipment WITH:

IN 2020, China HAD A NEGATIVE NET TRADE IN Electric Soldering Equipment WITH:

Flow

THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY China WERE (2019 - 2020):

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Market Concentration

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In 2019, China's main exporting competitors in Electric Soldering Equipment were:

In 2019, China's main importing competitors in Electric Soldering Equipment were:

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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 (Most Favoured Nation duty rate treatement, 10%), Indonesia (Most Favoured Nation duty rate treatement, 10%), Laos (Most Favoured Nation duty rate treatement, 10%), Malaysia (Most Favoured Nation duty rate treatement, 10%), and Philippines (Most Favoured Nation duty rate treatement, 10%).