831110 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Electrodes, coated, of base metal, for arc welding. In 2023, Electrodes, coated, of base metal, for arc welding were the world's 1734th most traded product, with a total trade of $1.43B. Between 2022 and 2023 the exports of Electrodes, coated, of base metal, for arc welding grew by 8.4%, from $1.32B to $1.43B. Trade in Electrodes, coated, of base metal, for arc welding represent 0.0063% of total world trade.

Electrodes, coated, of base metal, for arc welding are a part of Coated Metal Soldering Products.

Exports In 2023 the top exporters of Electrodes, coated, of base metal, for arc welding  were China ($373M), Sweden ($138M), United States ($85.1M), Turkey ($64.4M), and Germany ($58.2M).

Imports In 2023 the top importers of Electrodes, coated, of base metal, for arc welding were China ($96.3M), United Arab Emirates ($68.3M), Indonesia ($66.2M), Czechia ($59.1M), and Russia ($51.6M).

Ranking Electrodes, coated, of base metal, for arc welding ranks 2837th in the Product Complexity Index (PCI).

Description Electrodes are a consumable in the arc welding process. Electrodes come in a variety of sizes and shapes and are composed of a base metal alloy and a coating. The coating is typically made of a mixture of copper and phosphorus. The electrode is a consumable because after use, the coating is worn away and the electrode needs to be replaced. Electrodes are typically used in the arc welding process. Arc welding is a process where a current is passed between a consumable electrode and the work piece. The current heats the electrode and the work piece until the work piece melts

Latest Data

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The following visualization shows the latest trends on Electrodes, coated, of base metal, for arc welding. 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)China$373M
Top Destination (2023)China$96.3M

In 2023 Electrodes, coated, of base metal, for arc welding were the world's 1734th most traded product (out of 4,644).

In 2023, the top exporters of Electrodes, coated, of base metal, for arc welding were China ($373M), Sweden ($138M), United States ($85.1M), Turkey ($64.4M), and Germany ($58.2M).

In 2023, the top importers of Electrodes, coated, of base metal, for arc welding were China ($96.3M), United Arab Emirates ($68.3M), Indonesia ($66.2M), Czechia ($59.1M), and Russia ($51.6M).

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Exporters of Electrodes, coated, of base metal, for arc welding (2023)
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Importers of Electrodes, coated, of base metal, for arc welding (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Sweden$48.4M
Top Destination Growth (2022 -  2023)China$20.3M

Between 2022 and 2023, the exports of Electrodes, coated, of base metal, for arc welding grew the fastest in Sweden ($48.4M), China ($32.1M), Romania ($14.6M), Czechia ($12.7M), and Uzbekistan ($12.6M).

Between 2022 and 2023, the fastest growing importers of Electrodes, coated, of base metal, for arc welding were China ($20.3M), Indonesia ($14.3M), United Arab Emirates ($12.6M), Thailand ($12M), and Czechia ($11.8M).

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Exporters of Electrodes, coated, of base metal, for arc welding (2022 - 2023)

Importers of Electrodes, coated, of base metal, for arc welding (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrodes, coated, of base metal, for arc welding.

In 2023, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Electrodes, coated, of base metal, for arc welding are explained by 22 countries.

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Value of Exports in Electrodes, coated, of base metal, for arc welding

Net Trade

TOP NET EXPORTER (2023)China$277M
TOP NET IMPORTER (2023)Indonesia$51.3M

This map shows which countries export or import more of Electrodes, coated, of base metal, for arc welding. Each country is colored based on the difference in exports and imports of Electrodes, coated, of base metal, for arc welding during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrodes, coated, of base metal, for arc welding were China ($277M), Sweden ($132M), Turkey ($55.4M), Japan ($53.8M), and Austria ($45.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrodes, coated, of base metal, for arc welding were Indonesia ($51.3M), United Arab Emirates ($49.7M), Kazakhstan ($36.3M), Saudi Arabia ($34.9M), and Russia ($32.9M).

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 Electrodes, coated, of base metal, for arc welding.
It is possible to select the main countries that export or import Electrodes, coated, of base metal, for arc welding in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrodes, coated, of base metal, for arc welding 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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