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2023
Exports $25.8MWorld Rnk 35 / 197
Flag Rnk 347 / 1214
2023
Destination $2.11M United States
2022 - 2023
FASTEST GROWING MARKET $2.11MSpain
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.73Rnk 19 / 1025
2023
Imports $64.5MWorld Rnk 39 / 224
Flag Rnk 240 / 1211
2023
Origin $4.48M China
2022 - 2023
FASTEST GROWING ORIGIN $4.48MChina
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $25.8M in Electric Soldering Equipment, making it the 35th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 347th most exported product in South Africa. The main destination of Electric Soldering Equipment exports from South Africa are: United States ($5.24M), Spain ($2.12M), Canada ($1.92M), Saudi Arabia ($1.77M), and Namibia ($1.65M).

The fastest growing export markets for Electric Soldering Equipment of South Africa between 2022 and 2023 were Spain ($2.11M), Canada ($1.83M), and India ($1.54M).

Imports In 2023, South Africa imported $64.5M in Electric Soldering Equipment, becoming the 39th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 240th most imported product in South Africa. South Africa imports Electric Soldering Equipment primarily from: China ($30.5M), Germany ($10.2M), Japan ($5.03M), United States ($2.73M), and Switzerland ($1.62M).

The fastest growing import markets in Electric Soldering Equipment for South Africa between 2022 and 2023 were China ($4.48M), Bulgaria ($1.12M), and United Kingdom ($712k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Electric Soldering Equipment exports accounted up to ZAR17.5M and imports accounted up to ZAR79.2M, resulting in a negative trade balance of ZAR61.7M. Between November 2023 and November 2024 the exports of South Africa's   Electric Soldering Equipment have decreased by ZAR-4.53M (-20.6%) from ZAR22M to ZAR17.5M, while imports decreased by ZAR-8.82M (-10%) from ZAR88M to ZAR79.2M.

Destinations In November 2024, Electric Soldering Equipment were exported mostly to United States (ZAR8.09M), Namibia (ZAR1.04M), Zambia (ZAR998k), Zimbabwe (ZAR941k), and Botswana (ZAR884k), and were imported mostly from China (ZAR30.3M), Japan (ZAR11.4M), United States (ZAR11.1M), Germany (ZAR8.28M), and Switzerland (ZAR3.58M).

Growth In November 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to United States (ZAR-1.26M or -91.9%), Zimbabwe (ZAR-442k or -48%), and Mauritania (ZAR-340k or -99.9%). In November 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from United States (ZAR-71.1M or -95.1%), Germany (ZAR-28.8M or -70.5%), and Canada (ZAR-19.7M or -98.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-4.53M(-20.6%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-8.82M(-10%)
MAIN EXPORTER (November 2024)DurbanZAR64.5M
MAIN DESTINATION (November 2024)United StatesZAR8.09M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for South Africa. 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)$25.8M
IMPORTS (2023)$64.5M
NET TRADE (2023)-$38.7M

In 2023, South Africa exported $25.8M in Electric Soldering Equipment. The main destinations of South Africa exports on Electric Soldering Equipment were United States ($5.24M), Spain ($2.12M), Canada ($1.92M), Saudi Arabia ($1.77M), and Namibia ($1.65M).

In 2023, South Africa imported $64.5M in Electric Soldering Equipment, mainly from China ($30.5M), Germany ($10.2M), Japan ($5.03M), United States ($2.73M), and Switzerland ($1.62M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Spain$2.11M (15.6k%)
Canada$1.83M (2.18k%)
India$1.54M (19.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY South Africa WERE (2022 - 2023):
Mexico-$5.66M (-86.4%)
United States-$2.61M (-33.3%)
Botswana-$1.92M (-67%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Electric Soldering Equipment were:
China $2.67B
Germany $2.28B
United States $1.25B
In 2023, South Africa's main importing competitors in Electric Soldering Equipment were:
United States $1.89B
Mexico $1.02B
China $803M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.31M
TOP IMPORT POTENTIALChina+ $7.74M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $5.31M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $7.74M.

See methodology.

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