HS Icon Soldering and Welding Machinery

8468 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.07B, Rnk 895 / 1225

Top Exporter (2018): $203M, China

Top Importer (2018): $144M, United States

Product Complexity (2018): 1.23, Rnk 96 / 1018

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 605 / 1225

Mean Tariff (2018): 4.52%, Rnk 909 / 1259

Share of World Trade (2018): 0.0058%, Rnk 895 / 1225

Overview:  This page contains the latest trade data of Soldering and Welding Machinery. In 2018, Soldering and Welding Machinery were the world's 895th most traded product, with a total trade of $1.07B. Between 2017 and 2018 the exports of Soldering and Welding Machinery grew by 13.2%, from  $944M to $1.07B. Trade in Soldering and Welding Machinery represent 0.0058% of total world trade.

Exports: In 2018 the top exporters of Soldering and Welding Machinery  were China ($203M), Germany ($132M), United States ($88M), Austria ($62.6M), and Japan ($54.8M).

Imports: In 2018 the top importers of Soldering and Welding Machinery were United States ($144M), Germany ($65.4M), China ($60.1M), Mexico ($42.7M), and India ($37.8M).

Tariffs: In 2018 the average tariff for Soldering and Welding Machinery was 4.52%, been the 909 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Soldering and Welding Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Soldering and Welding Machinery ranks 96th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $203M

Top Destination (2018): United States, $144M

Soldering and Welding Machinery are the world's 895th most traded product.

In 2018, the top exporters of Soldering and Welding Machinery were China ($203M), Germany ($132M), United States ($88M), Austria ($62.6M), and Japan ($54.8M).

In 2018, the top importers of Soldering and Welding Machinery were United States ($144M), Germany ($65.4M), China ($60.1M), Mexico ($42.7M), and India ($37.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $22.6M

Top Destination Growth (2017 - 2018): United States, $68.1M

Between 2017 and 2018, the exports of Soldering and Welding Machinery grew the fastest in China ($22.6M), Mexico ($20.9M), Germany ($12.1M), Japan ($11.4M), and Poland ($10.8M).

Between 2017 and 2018, the fastest growing importers of Soldering and Welding Machinery were United States ($68.1M), United Arab Emirates ($13M), Italy ($9.92M), Saudi Arabia ($6.89M), and Singapore ($6.52M).

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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 Soldering and Welding Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Soldering and Welding Machinery are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $143M

TOP NET IMPORTER (2018): United States, $55.9M

This map shows which countries export or import more of Soldering and Welding Machinery. Each country is colored based on the difference in exports and imports of Soldering and Welding Machinery during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Soldering and Welding Machinery were China ($143M), Germany ($66.7M), Austria ($45.1M), South Korea ($32.9M), and Japan ($29.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Soldering and Welding Machinery were United States ($55.9M), Russia ($22.1M), India ($19.4M), Thailand ($18.7M), and Indonesia ($16M).

Import Tariffs

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In 2018, the average tariff for importing Soldering and Welding Machinery was 4.52%.  The countries with the highest tariffs for importing Soldering and Welding Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%).

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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.