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Pricing

2022
Exports $33.2MWorld Rnk 32 / 201
Flag Rnk 316 / 1213
2022
Destination $3.7M Mexico
2021 - 2022
FASTEST GROWING MARKET $3.7MMexico
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $139MWorld Rnk 27 / 220
Flag Rnk 152 / 1213
2022
Origin $35.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $35.5MUnited States
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $33.2M in Electric Soldering Equipment, making it the 32nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 316th most exported product in South Africa. The main destination of Electric Soldering Equipment exports from South Africa are: Mexico ($6.55M), United States ($6.13M), Botswana ($1.81M), Saudi Arabia ($1.72M), and Nigeria ($1.69M).

The fastest growing export markets for Electric Soldering Equipment of South Africa between 2021 and 2022 were Mexico ($3.7M), Saudi Arabia ($1.72M), and Nigeria ($1.66M).

Imports In 2022, South Africa imported $139M in Electric Soldering Equipment, becoming the 27th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 152nd most imported product in South Africa. South Africa imports Electric Soldering Equipment primarily from: United States ($39.2M), Japan ($35.7M), China ($25.4M), Germany ($16.9M), and Canada ($4.6M).

The fastest growing import markets in Electric Soldering Equipment for South Africa between 2021 and 2022 were United States ($35.5M), Japan ($32.2M), and Germany ($1.9M).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Electric Soldering Equipment exports accounted up to ZAR22.5M and imports accounted up to ZAR90.4M, resulting in a negative trade balance of ZAR67.9M. Between June 2023 and June 2024 the exports of South Africa's   Electric Soldering Equipment have decreased by ZAR-32.6M (-59.1%) from ZAR55.1M to ZAR22.5M, while imports decreased by ZAR-32.8M (-26.6%) from ZAR123M to ZAR90.4M.

Destinations In June 2024, Electric Soldering Equipment were exported mostly to Namibia (ZAR4.07M), United States (ZAR3.69M), Angola (ZAR2.17M), Germany (ZAR1.8M), and Democratic Republic of the Congo (ZAR1.68M), and were imported mostly from China (ZAR41.2M), Greece (ZAR15.5M), United Kingdom (ZAR8.31M), Germany (ZAR7.66M), and United States (ZAR5.6M).

Growth In June 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 June 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 (June 2023 - June 2024)ZAR-32.6M(-59.1%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-32.8M(-26.6%)
MAIN EXPORTER (June 2024)DurbanZAR62.5M
MAIN DESTINATION (June 2024)NamibiaZAR4.07M

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 (2022)$33.2M
IMPORTS (2022)$139M
NET TRADE (2022)-$106M

In 2022, South Africa exported $33.2M in Electric Soldering Equipment. The main destinations of South Africa exports on Electric Soldering Equipment were Mexico ($6.55M), United States ($6.13M), Botswana ($1.81M), Saudi Arabia ($1.72M), and Nigeria ($1.69M).

In 2022, South Africa imported $139M in Electric Soldering Equipment, mainly from United States ($39.2M), Japan ($35.7M), China ($25.4M), Germany ($16.9M), and Canada ($4.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Mexico$3.7M (130%)
Saudi Arabia$1.72M (195k%)
Nigeria$1.66M (4.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY South Africa WERE (2021 - 2022):
United States-$832k (-11.9%)
Costa Rica-$626k (-100%)
Malawi-$301k (-66.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, South Africa's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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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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