Electric Soldering Equipment in China 2020 Exports | Imports : $2.1B | $829M, World Rnk 1 / 185 Rnk 216 / 1215 | World Rnk 2 / 220 Rnk 235 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $59.5M | $5.37M, South Korea | Italy
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Electric Soldering Equipment: 1.78, Rnk 16 / 1029
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%).
December 2022
Overview In December 2022 China's Electric Soldering Equipment exports accounted up to $224M and imports accounted up to $64.7M, resulting in a positive trade balance of $159M. Between December 2021 and December 2022 the exports of China's Electric Soldering Equipment have decreased by $-37M (-14.2%) from $261M to $224M, while imports decreased by $-10.3M (-13.8%) from $75M to $64.7M.
Destinations In December 2022, Electric Soldering Equipment were exported mostly to Russia ($26.5M), United States ($21.6M), India ($14.8M), Mexico ($12.3M), and Vietnam ($11M), and were imported mostly from Germany ($26.2M), Japan ($11.1M), South Korea ($5.26M), United States ($5.24M), and Austria ($3.42M).
Growth In December 2022, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-2.35M or -15.3%), Taiwan ($-2M or -49.9%), and Belgium ($-1.3M or -47.5%). In December 2022, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan ($-6.92M or -43.6%), United States ($-6.41M or -66.8%), and Austria ($-1.54M or -29.1%).
EXPORT GROWTH (December 2021 - December 2022): $-37M, (-14.2%)
IMPORT GROWTH (December 2021 - December 2022): $-10.3M, (-13.8%)
MAIN EXPORTER (December 2022): Guangdong Province, $45.7M
MAIN DESTINATION (December 2022): Russia, $26.5M
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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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).
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):
In 2020, China's main exporting competitors in Electric Soldering Equipment were:
In 2020, China's main importing competitors in Electric Soldering Equipment were:
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