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2022
Exports $1.09BWorld Rnk 3 / 201
Flag Rnk 241 / 1217
2022
Destination $35.5M Canada
2021 - 2022
FASTEST GROWING MARKET $35.5MSouth Africa
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $1.95BWorld Rnk 1 / 220
Flag Rnk 253 / 1216
2022
Origin $38.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $38.5MSouth Korea
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.09B in Electric Soldering Equipment, making it the 3rd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 241st most exported product in United States. The main destination of Electric Soldering Equipment exports from United States are: Canada ($308M), Mexico ($287M), China ($58.8M), South Africa ($39.2M), and Germany ($30.6M).

The fastest growing export markets for Electric Soldering Equipment of United States between 2021 and 2022 were South Africa ($35.5M), Mexico ($19.4M), and Germany ($13.6M).

Imports In 2022, United States imported $1.95B in Electric Soldering Equipment, becoming the 1st largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 253rd most imported product in United States. United States imports Electric Soldering Equipment primarily from: Germany ($419M), Japan ($314M), China ($250M), Canada ($246M), and Mexico ($157M).

The fastest growing import markets in Electric Soldering Equipment for United States between 2021 and 2022 were South Korea ($38.5M), Canada ($38.2M), and Germany ($21M).

COMPANIES In 2023, leading companies such as J.C. Bamford (268), LG Electronics (106), and Hyosung (102) were at the forefront of shipping Electric Soldering Equipment to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Electric Soldering Equipment exports accounted up to $87.8M and imports accounted up to $136M, resulting in a negative trade balance of $48.1M. Between August 2023 and August 2024 the exports of United States'   Electric Soldering Equipment have decreased by $-62.7M (-41.7%) from $151M to $87.8M, while imports increased by $96.8k (0.071%) from $136M to $136M.

Destinations In August 2024, Electric Soldering Equipment were exported mostly to Mexico ($30.4M), Canada ($23M), Germany ($5.13M), China ($3.01M), and Australia ($2.15M), and were imported mostly from Germany ($30.4M), Japan ($20.4M), China ($15.5M), Mexico ($14.5M), and Canada ($12.7M).

Growth In August 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Russia ($-1.3M or -99%), Dominican Republic ($-834k or -80.1%), and Argentina ($-741k or -57.1%). In August 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Germany ($10.9M or 44.4%), Austria ($6.83M or 298%), and Netherlands ($6.12M or 950%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-62.7M(-41.7%)
IMPORT GROWTH (August 2023 - August 2024)$96.8k(0.071%)
MAIN EXPORTER (August 2024)Oklahoma$33.1M
MAIN DESTINATION (August 2024)Mexico$30.4M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for United States. 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)$1.09B
IMPORTS (2022)$1.95B
NET TRADE (2022)-$860M

In 2022, United States exported $1.09B in Electric Soldering Equipment. The main destinations of United States exports on Electric Soldering Equipment were Canada ($308M), Mexico ($287M), China ($58.8M), South Africa ($39.2M), and Germany ($30.6M).

In 2022, United States imported $1.95B in Electric Soldering Equipment, mainly from Germany ($419M), Japan ($314M), China ($250M), Canada ($246M), and Mexico ($157M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
South Africa$35.5M (967%)
Mexico$19.4M (7.25%)
Germany$13.6M (79.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY United States WERE (2021 - 2022):
Dominican Republic-$7.57M (-44%)
Netherlands-$7.44M (-37.3%)
Russia-$4.06M (-63.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
In 2022, United States's main importing competitors in Electric Soldering Equipment were:
China $965M
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $25.9M
TOP IMPORT POTENTIALChina+ $77.6M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $25.9M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $77.6M.

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