2023
Exports
$67.2MWorld Rnk 22 / 197
Flag Rnk 156 / 1181
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$78.1MWorld Rnk 35 / 224
Flag Rnk 310 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $67.2M in Electric Soldering Equipment, making it the 22nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 156th most exported product in Hong Kong. The main destination of Electric Soldering Equipment exports from Hong Kong are: China ($44.8M), South Korea ($4.63M), Vietnam ($4.17M), Japan ($1.45M), and Philippines ($1.45M).

The fastest growing export markets for Electric Soldering Equipment of Hong Kong between 2022 and 2023 were South Korea ($4.54M), Vietnam ($4.16M), and Japan ($1.11M).

Imports In 2023, Hong Kong imported $78.1M in Electric Soldering Equipment, becoming the 35th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 310th most imported product in Hong Kong. Hong Kong imports Electric Soldering Equipment primarily from: China ($25M), Austria ($15.4M), Japan ($14.3M), Germany ($5.76M), and Singapore ($4.57M).

The fastest growing import markets in Electric Soldering Equipment for Hong Kong between 2022 and 2023 were Singapore ($2.49M), Thailand ($617k), and Poland ($441k).

COMPANIES In 2024, leading companies such as Apex Tool Group (6), Key Tronic (3), and Cloud Network Technology (1) were at the forefront of shipping Electric Soldering Equipment from Hong Kong to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Soldering Equipment. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$67.2M
IMPORTS (2023)$78.1M
NET TRADE (2023)-$10.9M

In 2023, Hong Kong exported $67.2M in Electric Soldering Equipment. The main destinations of Hong Kong exports on Electric Soldering Equipment were China ($44.8M), South Korea ($4.63M), Vietnam ($4.17M), Japan ($1.45M), and Philippines ($1.45M).

In 2023, Hong Kong imported $78.1M in Electric Soldering Equipment, mainly from China ($25M), Austria ($15.4M), Japan ($14.3M), Germany ($5.76M), and Singapore ($4.57M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
South Korea$4.54M (5.06k%)
Vietnam$4.16M (66.9k%)
Japan$1.11M (325%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Hong Kong WERE (2022 - 2023):
China-$13.3M (-22.9%)
India-$3.89M (-94.4%)
Romania-$1.88M (-99.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hong Kong's main exporting competitors in Electric Soldering Equipment were:
In 2023, Hong Kong's main importing competitors in Electric Soldering Equipment were:

Explore Visualizations

Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.1M
TOP IMPORT POTENTIALChina+ $17M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $9.1M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $17M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with