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2022
Exports $307MWorld Rnk 9 / 201
Flag Rnk 220 / 1210
2022
Destination $38.2M United States
2021 - 2022
FASTEST GROWING MARKET $38.2MUnited States
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $444MWorld Rnk 5 / 220
Flag Rnk 250 / 1213
2022
Origin $12.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $12.3MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $307M in Electric Soldering Equipment, making it the 9th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 220th most exported product in Canada. The main destination of Electric Soldering Equipment exports from Canada are: United States ($246M), Mexico ($17.1M), France ($12.2M), Belgium ($5.43M), and South Africa ($4.6M).

The fastest growing export markets for Electric Soldering Equipment of Canada between 2021 and 2022 were United States ($38.2M), France ($7.41M), and Belgium ($5.32M).

Imports In 2022, Canada imported $444M in Electric Soldering Equipment, becoming the 5th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 250th most imported product in Canada. Canada imports Electric Soldering Equipment primarily from: United States ($308M), China ($29.4M), Japan ($26.3M), Germany ($19M), and Switzerland ($15.4M).

The fastest growing import markets in Electric Soldering Equipment for Canada between 2021 and 2022 were United States ($12.3M), Switzerland ($3.72M), and India ($2.26M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Electric Soldering Equipment from Canada to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Canada's Electric Soldering Equipment exports accounted up to C$43.6M and imports accounted up to C$32.9M, resulting in a positive trade balance of C$10.7M. Between October 2023 and October 2024 the exports of Canada's   Electric Soldering Equipment have increased by C$15.7M (56.2%) from C$27.9M to C$43.6M, while imports decreased by C$-32.6M (-49.8%) from C$65.5M to C$32.9M.

Destinations In October 2024, Electric Soldering Equipment were exported mostly to United States (C$22.2M), Mexico (C$20M), China (C$455k), Vietnam (C$437k), and United Kingdom (C$218k), and were imported mostly from United States (C$20.4M), China (C$3.58M), Japan (C$2.5M), Germany (C$1.86M), and Italy (C$1.25M).

Growth In October 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to United States (C$3.91M or 17.2%), Singapore (C$37.4k or 208%), and Brazil (C$26.6k or 3.07k%). In October 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Switzerland (C$-1.4M or -64.4%), United Kingdom (C$-497k or -93%), and Italy (C$-358k or -57%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$15.7M(56.2%)
IMPORT GROWTH (October 2023 - October 2024)C$-32.6M(-49.8%)
MAIN EXPORTER (October 2024)OntarioC$38.8M
MAIN DESTINATION (October 2024)United StatesC$22.2M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Electric Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$307M
IMPORTS (2022)$444M
NET TRADE (2022)-$137M

In 2022, Canada exported $307M in Electric Soldering Equipment. The main destinations of Canada exports on Electric Soldering Equipment were United States ($246M), Mexico ($17.1M), France ($12.2M), Belgium ($5.43M), and South Africa ($4.6M).

In 2022, Canada imported $444M in Electric Soldering Equipment, mainly from United States ($308M), China ($29.4M), Japan ($26.3M), Germany ($19M), and Switzerland ($15.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$38.2M (18.4%)
France$7.41M (154%)
Belgium$5.32M (4.93k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Canada WERE (2021 - 2022):
Singapore-$4.21M (-96.3%)
Poland-$2.13M (-92.4%)
Czechia-$1.3M (-76.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, Canada's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.6M
TOP IMPORT POTENTIALChina+ $16.7M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $40.6M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $16.7M.

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