HS Icon Parts of electric solder, weld or braze equipment

851590 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.39B, Rnk 902 / 4726

Top Exporter (2018): $730M, Germany

Top Importer (2018): $519M, United States

Product Complexity (2018): 0.89, Rnk 972 / 4873

Export Growth (CAGR)(2017 - 2018): 38%, Rnk 529 / 4726

Mean Tariff (2018): 3.71%, Rnk 5246 / 6538

Share of World Trade (2018): 0.018%, Rnk 902 / 4726

Overview:  This page contains the latest trade data of Parts of electric solder, weld or braze equipment. In 2018, Parts of electric solder, weld or braze equipment were the world's 902nd most traded product, with a total trade of $3.39B. Between 2017 and 2018 the exports of Parts of electric solder, weld or braze equipment grew by 38%, from  $2.46B to $3.39B. Trade in Parts of electric solder, weld or braze equipment represent 0.018% of total world trade.

Exports: In 2018 the top exporters of Parts of electric solder, weld or braze equipment  were Germany ($730M), China ($384M), Japan ($353M), United States ($302M), and Switzerland ($199M).

Imports: In 2018 the top importers of Parts of electric solder, weld or braze equipment were United States ($519M), Germany ($290M), China ($266M), Mexico ($201M), and Japan ($125M).

Tariffs: In 2018 the average tariff for Parts of electric solder, weld or braze equipment was 3.71%, been the 5246 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of electric solder, weld or braze equipment are Bahamas (40.2%), Cambodia (35%), Bermuda (25%), Republic of the Congo (19.6%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts of electric solder, weld or braze equipment ranks 972nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $730M

Top Destination (2018): United States, $519M

Parts of electric solder, weld or braze equipment are the world's 902nd most traded product.

In 2018, the top exporters of Parts of electric solder, weld or braze equipment were Germany ($730M), China ($384M), Japan ($353M), United States ($302M), and Switzerland ($199M).

In 2018, the top importers of Parts of electric solder, weld or braze equipment were United States ($519M), Germany ($290M), China ($266M), Mexico ($201M), and Japan ($125M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $176M

Top Destination Growth (2017 - 2018): United States, $519M

Between 2017 and 2018, the exports of Parts of electric solder, weld or braze equipment grew the fastest in Germany ($176M), Japan ($144M), China ($111M), United States ($68.2M), and Switzerland ($61.5M).

Between 2017 and 2018, the fastest growing importers of Parts of electric solder, weld or braze equipment were United States ($519M), Germany ($52.7M), China ($52.1M), Singapore ($48.7M), and Thailand ($27.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of electric solder, weld or braze equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Parts of electric solder, weld or braze equipment are explained by 18 countries.

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TOP NET EXPORTER (2018): Germany, $440M

TOP NET IMPORTER (2018): United States, $218M

This map shows which countries export or import more of Parts of electric solder, weld or braze equipment. Each country is colored based on the difference in exports and imports of Parts of electric solder, weld or braze equipment during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of electric solder, weld or braze equipment were Germany ($440M), Japan ($227M), Switzerland ($135M), China ($119M), and Austria ($53.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of electric solder, weld or braze equipment were United States ($218M), Mexico ($144M), Poland ($62.4M), United Kingdom ($58.6M), and India ($57.5M).

Trade Forecasts

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This section shows forecasts for total trade for Parts of electric solder, weld or braze equipment. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Parts of electric solder, weld or braze equipment was 3.71%.  The countries with the highest tariffs for importing Parts of electric solder, weld or braze equipment were Bahamas (40.2%), Cambodia (35%), Bermuda (25%), Republic of the Congo (19.6%), and Maldives (19.6%).

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Product Complexity

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Diversification Frontier

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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.