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2022
Exports $15.5MWorld Rnk 16 / 166
Flag Rnk 712 / 1210
2022
Destination $6.82M United States
2021 - 2022
FASTEST GROWING MARKET $6.82MUnited States
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery1.33Rnk 87 / 1025
2022
Imports $32.7MWorld Rnk 5 / 214
Flag Rnk 781 / 1213
2022
Origin $1.53M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.53MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $15.5M in Soldering and Welding Machinery, making it the 16th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 712th most exported product in Canada. The main destination of Soldering and Welding Machinery exports from Canada are: United States ($10.7M), China ($2.19M), Chile ($421k), Tanzania ($393k), and Australia ($383k).

The fastest growing export markets for Soldering and Welding Machinery of Canada between 2021 and 2022 were United States ($6.82M), China ($2.14M), and Chile ($418k).

Imports In 2022, Canada imported $32.7M in Soldering and Welding Machinery, becoming the 5th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 781st most imported product in Canada. Canada imports Soldering and Welding Machinery primarily from: United States ($16.6M), China ($6.17M), Mexico ($1.92M), Chinese Taipei ($1.79M), and Austria ($1.07M).

The fastest growing import markets in Soldering and Welding Machinery for Canada between 2021 and 2022 were China ($1.53M), Netherlands ($532k), and Chinese Taipei ($457k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Soldering and Welding Machinery exports accounted up to C$692k and imports accounted up to C$2.84M, resulting in a negative trade balance of C$2.15M. Between August 2023 and August 2024 the exports of Canada's   Soldering and Welding Machinery have increased by C$446k (182%) from C$246k to C$692k, while imports increased by C$986k (53.2%) from C$1.85M to C$2.84M.

Destinations In August 2024, Soldering and Welding Machinery were exported mostly to United States (C$657k), Suriname (C$13.5k), Sri Lanka (C$8.74k), Guyana (C$6.03k), and Australia (C$3.88k), and were imported mostly from China (C$1.02M), United States (C$896k), Chinese Taipei (C$208k), Germany (C$170k), and Austria (C$154k).

Growth In August 2024, the increase in Soldering and Welding Machinery's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Soldering and Welding Machinery's year-by-year imports was explained primarily by an increase in imports from Germany (C$463k or 5.86k%), Austria (C$50.8k or 211%), and Estonia (C$44.9k or 251%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$446k(182%)
IMPORT GROWTH (August 2023 - August 2024)C$986k(53.2%)
MAIN EXPORTER (August 2024)OntarioC$740k
MAIN DESTINATION (August 2024)United StatesC$657k

This section shows Soldering and Welding Machinery's exports and imports data at subnational level for Canada. 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 Soldering and Welding Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.5M
IMPORTS (2022)$32.7M
NET TRADE (2022)-$17.3M

In 2022, Canada exported $15.5M in Soldering and Welding Machinery. The main destinations of Canada exports on Soldering and Welding Machinery were United States ($10.7M), China ($2.19M), Chile ($421k), Tanzania ($393k), and Australia ($383k).

In 2022, Canada imported $32.7M in Soldering and Welding Machinery, mainly from United States ($16.6M), China ($6.17M), Mexico ($1.92M), Chinese Taipei ($1.79M), and Austria ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.82M (176%)
China$2.14M (3.91k%)
Chile$418k (18.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Canada WERE (2021 - 2022):
Mexico-$1.4M (-90.9%)
Austria-$173k (-85.6%)
Singapore-$37.1k (-82.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Soldering and Welding Machinery were:
China $328M
Germany $105M
United States $80.1M
In 2022, Canada's main importing competitors in Soldering and Welding Machinery were:
United States $183M
Germany $58.6M
Mexico $48M

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.66M
TOP IMPORT POTENTIALChina+ $1.26M

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $2.66M.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $1.26M.

See methodology.

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