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851521 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.64BRnk 1603 / 4644
2023
Top Exporter | Top Importer $277M | $330MGermany | United States
2023
Product Complexity 1.4Rnk 242 / 4656
2022 - 2023
Export Growth (CAGR) 13.1%Rnk 507 / 4644
2023
Share of World Trade 0.0072%Rnk 1603 / 4644

About

Overview This page contains the latest trade data of Electric resistance welding equipment, automatic. In 2023, Electric resistance welding equipment, automatic were the world's 1603rd most traded product, with a total trade of $1.64B. Between 2022 and 2023 the exports of Electric resistance welding equipment, automatic grew by 13.1%, from $1.45B to $1.64B. Trade in Electric resistance welding equipment, automatic represent 0.0072% of total world trade.

Electric resistance welding equipment, automatic are a part of Electric Soldering Equipment.

Exports In 2023 the top exporters of Electric resistance welding equipment, automatic  were Germany ($277M), Japan ($243M), China ($194M), United States ($152M), and Italy ($147M).

Imports In 2023 the top importers of Electric resistance welding equipment, automatic were United States ($330M), Mexico ($213M), Canada ($103M), India ($72.1M), and Germany ($57.9M).

Ranking Electric resistance welding equipment, automatic ranks 242nd in the Product Complexity Index (PCI).

Description Electric resistance welding equipment is a type of heat-emitting device used to weld materials that are electrically conductive. This equipment is used to weld materials that are in contact with each other, and also materials that are not in contact with each other. This equipment is commonly used in the manufacturing of automobiles, aircraft, and spacecraft.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric resistance welding equipment, automatic. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$277M
Top Destination (2023)United States$330M

In 2023 Electric resistance welding equipment, automatic were the world's 1603rd most traded product (out of 4,644).

In 2023, the top exporters of Electric resistance welding equipment, automatic were Germany ($277M), Japan ($243M), China ($194M), United States ($152M), and Italy ($147M).

In 2023, the top importers of Electric resistance welding equipment, automatic were United States ($330M), Mexico ($213M), Canada ($103M), India ($72.1M), and Germany ($57.9M).

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Exporters of Electric resistance welding equipment, automatic (2023)
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Importers of Electric resistance welding equipment, automatic (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$72.6M
Top Destination Growth (2022 -  2023)Mexico$142M

Between 2022 and 2023, the exports of Electric resistance welding equipment, automatic grew the fastest in Japan ($72.6M), Germany ($37.7M), Italy ($33.9M), China ($29.7M), and Austria ($28.2M).

Between 2022 and 2023, the fastest growing importers of Electric resistance welding equipment, automatic were Mexico ($142M), Uzbekistan ($25.5M), Hungary ($23.6M), Czechia ($22.8M), and Turkey ($18.8M).

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Exporters of Electric resistance welding equipment, automatic (2022 - 2023)

Importers of Electric resistance welding equipment, automatic (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric resistance welding equipment, automatic.

In 2023, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Electric resistance welding equipment, automatic are explained by 14 countries.

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Value of Exports in Electric resistance welding equipment, automatic

Net Trade

TOP NET EXPORTER (2023)Japan$238M
TOP NET IMPORTER (2023)Mexico$208M

This map shows which countries export or import more of Electric resistance welding equipment, automatic. Each country is colored based on the difference in exports and imports of Electric resistance welding equipment, automatic during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric resistance welding equipment, automatic were Japan ($238M), Germany ($219M), China ($136M), Italy ($122M), and Austria ($70.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric resistance welding equipment, automatic were Mexico ($208M), United States ($178M), India ($64.4M), Hungary ($40.8M), and Poland ($39.6M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric resistance welding equipment, automatic.
It is possible to select the main countries that export or import Electric resistance welding equipment, automatic in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric resistance welding equipment, automatic by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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