2023
Exports
$2.28BWorld Rnk 2 / 197
Flag Rnk 131 / 1215
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$690MWorld Rnk 4 / 224
Flag Rnk 320 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $2.28B in Electric Soldering Equipment, making it the 2nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 131st most exported product in Germany. The main destination of Electric Soldering Equipment exports from Germany are: United States ($406M), China ($291M), Mexico ($109M), Italy ($104M), and Poland ($87.1M).

The fastest growing export markets for Electric Soldering Equipment of Germany between 2022 and 2023 were United Kingdom ($33.9M), Mexico ($19.4M), and Singapore ($18.5M).

Imports In 2023, Germany imported $690M in Electric Soldering Equipment, becoming the 4th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 320th most imported product in Germany. Germany imports Electric Soldering Equipment primarily from: Switzerland ($114M), China ($100M), Italy ($59.1M), Austria ($55.7M), and Czechia ($53M).

The fastest growing import markets in Electric Soldering Equipment for Germany between 2022 and 2023 were United States ($16.1M), Austria ($7.65M), and South Korea ($6.47M).

COMPANIES In 2023, leading companies such as Trumpf (78), ABB Motors and Mechanical (9), and Stihl (5) were at the forefront of shipping Electric Soldering Equipment from Germany to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Soldering Equipment. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.28B
IMPORTS (2023)$690M
NET TRADE (2023)$1.59B

In 2023, Germany exported $2.28B in Electric Soldering Equipment. The main destinations of Germany exports on Electric Soldering Equipment were United States ($406M), China ($291M), Mexico ($109M), Italy ($104M), and Poland ($87.1M).

In 2023, Germany imported $690M in Electric Soldering Equipment, mainly from Switzerland ($114M), China ($100M), Italy ($59.1M), Austria ($55.7M), and Czechia ($53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Germany WERE (2022 - 2023):
United Kingdom$33.9M (75.6%)
Mexico$19.4M (21.7%)
Singapore$18.5M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Germany WERE (2022 - 2023):
Russia-$25.3M (-68.3%)
China-$24.9M (-7.88%)
Netherlands-$23.4M (-24.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Electric Soldering Equipment were:
In 2023, Germany's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $38.9M
TOP IMPORT POTENTIALChina+ $28.9M

Electric Soldering Equipment’s highest export potential is France. With an export gap of $38.9M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $28.9M.

See methodology.

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