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Pricing

2022
Exports $328MWorld Rnk 1 / 166
Flag Rnk 658 / 1216
2022
Destination $7.95M United States
2021 - 2022
FASTEST GROWING MARKET $7.95MRussia
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery1.33Rnk 87 / 1025
2022
Imports $45.3MWorld Rnk 4 / 214
Flag Rnk 803 / 1212
2022
Origin $2.88M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.88MSpain
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $328M in Soldering and Welding Machinery, making it the 1st largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 658th most exported product in China. The main destination of Soldering and Welding Machinery exports from China are: United States ($47.4M), Russia ($20.6M), Vietnam ($15.4M), Japan ($14.8M), and India ($13.7M).

The fastest growing export markets for Soldering and Welding Machinery of China between 2021 and 2022 were Russia ($7.95M), United States ($5.57M), and Malaysia ($5.03M).

Imports In 2022, China imported $45.3M in Soldering and Welding Machinery, becoming the 4th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 803rd most imported product in China. China imports Soldering and Welding Machinery primarily from: Japan ($13M), Germany ($5.02M), Austria ($3.93M), United States ($3.03M), and Spain ($2.96M).

The fastest growing import markets in Soldering and Welding Machinery for China between 2021 and 2022 were Spain ($2.88M), Canada ($2.14M), and India ($1.78M).

COMPANIES In 2023, leading companies such as CrimsonLogic (57), Amazon (28), and Conair (21) were at the forefront of shipping Soldering and Welding Machinery from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Soldering and Welding Machinery exports accounted up to $38.2M and imports accounted up to $1.5M, resulting in a positive trade balance of $36.7M. Between October 2023 and October 2024 the exports of China's   Soldering and Welding Machinery have increased by $4.61M (13.7%) from $33.6M to $38.2M, while imports decreased by $-529k (-26.1%) from $2.03M to $1.5M.

Destinations In October 2024, Soldering and Welding Machinery were exported mostly to Russia ($5.18M), United States ($4.87M), Chinese Taipei ($3.02M), Mexico ($2.15M), and Vietnam ($1.9M), and were imported mostly from Germany ($404k), South Korea ($238k), Japan ($217k), China ($157k), and United States ($122k).

Growth In October 2024, the increase in Soldering and Welding Machinery's year-by-year exports was explained primarily by an increase in exports to India ($1.45M or 131%), Malaysia ($1.25M or 303%), and United States ($1.18M or 29.1%). In October 2024, the decrease in Soldering and Welding Machinery's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-1.67M or -100%), Japan ($-711k or -30.8%), and Austria ($-23.3k or -96.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$4.61M(13.7%)
IMPORT GROWTH (October 2023 - October 2024)$-529k(-26.1%)
MAIN EXPORTER (October 2024)Zhejiang Province$14.9M
MAIN DESTINATION (October 2024)Russia$5.18M

This section shows Soldering and Welding Machinery's exports and imports data at subnational level for China. 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)$328M
IMPORTS (2022)$45.3M
NET TRADE (2022)$283M

In 2022, China exported $328M in Soldering and Welding Machinery. The main destinations of China exports on Soldering and Welding Machinery were United States ($47.4M), Russia ($20.6M), Vietnam ($15.4M), Japan ($14.8M), and India ($13.7M).

In 2022, China imported $45.3M in Soldering and Welding Machinery, mainly from Japan ($13M), Germany ($5.02M), Austria ($3.93M), United States ($3.03M), and Spain ($2.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$7.95M (62.7%)
United States$5.57M (13.3%)
Malaysia$5.03M (64.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY China WERE (2021 - 2022):
North Macedonia-$7.01M (-95.6%)
Thailand-$3.63M (-30.1%)
Chile-$2.46M (-43.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Soldering and Welding Machinery were:
Germany $105M
United States $80.1M
In 2022, China'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 POTENTIALIndia+ $7.69M
TOP IMPORT POTENTIALIndia+ $2.09M

Soldering and Welding Machinery’s highest export potential is India. With an export gap of $7.69M.   Soldering and Welding Machinery’s highest import potential is India with an import gap of $2.09M.

See methodology.

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