831120 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Wire, cored, of base metal, for electric arc welding. In 2023, Wire, cored, of base metal, for electric arc welding were the world's 1809th most traded product, with a total trade of $1.32B. Between 2022 and 2023 the exports of Wire, cored, of base metal, for electric arc welding grew by 3.34%, from $1.28B to $1.32B. Trade in Wire, cored, of base metal, for electric arc welding represent 0.0059% of total world trade.

Wire, cored, of base metal, for electric arc welding are a part of Coated Metal Soldering Products.

Exports In 2023 the top exporters of Wire, cored, of base metal, for electric arc welding  were China ($257M), United States ($219M), South Korea ($157M), Vietnam ($93.5M), and Japan ($84.3M).

Imports In 2023 the top importers of Wire, cored, of base metal, for electric arc welding were Mexico ($115M), Canada ($92.9M), United States ($89M), China ($62.6M), and Japan ($57.7M).

Ranking Wire, cored, of base metal, for electric arc welding ranks 997th in the Product Complexity Index (PCI).

Description Arc welding is a process that uses an electric current or arc to generate heat between an electrode and the weld pool. The electrode is usually a consumable rod. For welding onto a base metal surface, the electrode is usually a coated wire.

Latest Data

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The following visualization shows the latest trends on Wire, cored, of base metal, for electric 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$257M
Top Destination (2023)Mexico$115M

In 2023 Wire, cored, of base metal, for electric arc welding were the world's 1809th most traded product (out of 4,644).

In 2023, the top exporters of Wire, cored, of base metal, for electric arc welding were China ($257M), United States ($219M), South Korea ($157M), Vietnam ($93.5M), and Japan ($84.3M).

In 2023, the top importers of Wire, cored, of base metal, for electric arc welding were Mexico ($115M), Canada ($92.9M), United States ($89M), China ($62.6M), and Japan ($57.7M).

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Exporters of Wire, cored, of base metal, for electric arc welding (2023)
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Importers of Wire, cored, of base metal, for electric arc welding (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$16.6M
Top Destination Growth (2022 -  2023)United Arab Emirates$22.6M

Between 2022 and 2023, the exports of Wire, cored, of base metal, for electric arc welding grew the fastest in United States ($16.6M), Poland ($16M), Vietnam ($9.78M), Romania ($8.28M), and Malaysia ($7.1M).

Between 2022 and 2023, the fastest growing importers of Wire, cored, of base metal, for electric arc welding were United Arab Emirates ($22.6M), Mexico ($15M), Czechia ($11.9M), India ($9.91M), and Italy ($8.59M).

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Exporters of Wire, cored, of base metal, for electric arc welding (2022 - 2023)

Importers of Wire, cored, of base metal, for electric arc welding (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire, cored, of base metal, for electric arc welding.

In 2023, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Wire, cored, of base metal, for electric arc welding are explained by 15 countries.

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Value of Exports in Wire, cored, of base metal, for electric arc welding

Net Trade

TOP NET EXPORTER (2023)China$195M
TOP NET IMPORTER (2023)Mexico$112M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wire, cored, of base metal, for electric arc welding were China ($195M), South Korea ($138M), United States ($130M), Vietnam ($73M), and Poland ($43.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire, cored, of base metal, for electric arc welding were Mexico ($112M), Canada ($74M), Indonesia ($48M), United Arab Emirates ($44M), and India ($40.9M).

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

Top 10 Exporters Countries of Wire, cored, of base metal, for electric 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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