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2023
Exports $2.67BWorld Rnk 1 / 197
Flag Rnk 221 / 1215
2023
Destination $91.3M Russia
2022 - 2023
FASTEST GROWING MARKET $91.3MRussia
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.73Rnk 19 / 1025
2023
Imports $803MWorld Rnk 3 / 224
Flag Rnk 254 / 1214
2023
Origin $1.79M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.79MSwitzerland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.67B 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 221st most exported product in China. The main destination of Electric Soldering Equipment exports from China are: Russia ($292M), United States ($194M), India ($165M), Mexico ($137M), and Vietnam ($136M).

The fastest growing export markets for Electric Soldering Equipment of China between 2022 and 2023 were Russia ($91.3M), India ($26.3M), and Mexico ($25.4M).

Imports In 2023, China imported $803M in Electric Soldering Equipment, becoming the 3rd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 254th most imported product in China. China imports Electric Soldering Equipment primarily from: Germany ($291M), Japan ($125M), South Korea ($120M), United States ($48.7M), and Hong Kong ($44.8M).

The fastest growing import markets in Electric Soldering Equipment for China between 2022 and 2023 were Switzerland ($1.79M), Norway ($1.55M), and Ukraine ($1.1M).

COMPANIES In 2024, leading companies such as CrimsonLogic (301), Haas Automation (60), and Groupe SEB (36) were at the forefront of shipping Electric Soldering Equipment from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Electric Soldering Equipment exports accounted up to $321M and imports accounted up to $56.9M, resulting in a positive trade balance of $264M. Between December 2023 and December 2024 the exports of China's   Electric Soldering Equipment have increased by $75M (30.5%) from $246M to $321M, while imports decreased by $-12.3M (-17.7%) from $69.1M to $56.9M.

Destinations In December 2024, Electric Soldering Equipment were exported mostly to United States ($33M), Russia ($30M), India ($21.9M), United Arab Emirates ($16.9M), and Vietnam ($15.6M), and were imported mostly from Germany ($26.7M), Japan ($7.69M), United States ($5.9M), Austria ($3.58M), and South Korea ($2.84M).

Growth In December 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to Vietnam ($6.5M or 102%), India ($6.08M or 33.8%), and Tanzania ($4.04M or 1.43k%). In December 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from United States ($-976k or -25.4%), Chinese Taipei ($-621k or -74.5%), and Belgium ($-564k or -93.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$75M(30.5%)
IMPORT GROWTH (December 2023 - December 2024)$-12.3M(-17.7%)
MAIN EXPORTER (December 2024)Guangdong Province$69.8M
MAIN DESTINATION (December 2024)United States$33M

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 (2023)$2.67B
IMPORTS (2023)$803M
NET TRADE (2023)$1.87B

In 2023, China exported $2.67B in Electric Soldering Equipment. The main destinations of China exports on Electric Soldering Equipment were Russia ($292M), United States ($194M), India ($165M), Mexico ($137M), and Vietnam ($136M).

In 2023, China imported $803M in Electric Soldering Equipment, mainly from Germany ($291M), Japan ($125M), South Korea ($120M), United States ($48.7M), and Hong Kong ($44.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$91.3M (45.6%)
India$26.3M (18.9%)
Mexico$25.4M (22.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY China WERE (2022 - 2023):
Germany-$54.6M (-35.2%)
Netherlands-$36.1M (-55.4%)
United States-$34.8M (-15.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Electric Soldering Equipment were:
Germany $2.28B
United States $1.25B
In 2023, China's main importing competitors in Electric Soldering Equipment were:
United States $1.89B
Mexico $1.02B

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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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