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2023
Exports $104MWorld Rnk 17 / 197
Flag Rnk 379 / 1216
2023
Destination $2.2M United States
2022 - 2023
FASTEST GROWING MARKET $2.2MSingapore
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.73Rnk 19 / 1025
2023
Imports $289MWorld Rnk 11 / 224
Flag Rnk 354 / 1214
2023
Origin $33.9M Germany
2022 - 2023
FASTEST GROWING ORIGIN $33.9MGermany
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $104M in Electric Soldering Equipment, making it the 17th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 379th most exported product in United Kingdom. The main destination of Electric Soldering Equipment exports from United Kingdom are: United States ($19.8M), Ireland ($7.7M), China ($6.96M), Germany ($5.54M), and Singapore ($4.15M).

The fastest growing export markets for Electric Soldering Equipment of United Kingdom between 2022 and 2023 were Singapore ($2.2M), Turkey ($2.19M), and Angola ($1.57M).

Imports In 2023, United Kingdom imported $289M in Electric Soldering Equipment, becoming the 11th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 354th most imported product in United Kingdom. United Kingdom imports Electric Soldering Equipment primarily from: Germany ($78.8M), China ($51.5M), United States ($28.3M), Italy ($14.9M), and Japan ($14M).

The fastest growing import markets in Electric Soldering Equipment for United Kingdom between 2022 and 2023 were Germany ($33.9M), United States ($9.85M), and France ($6.51M).

COMPANIES In 2023, leading companies such as Amazon (3), Haas Automation (3), and J.C. Bamford (1) were at the forefront of shipping Electric Soldering Equipment from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Electric Soldering Equipment exports accounted up to £11.6M and imports accounted up to £16.4M, resulting in a negative trade balance of £4.85M. Between November 2023 and November 2024 the exports of United Kingdom's   Electric Soldering Equipment have increased by £4.08M (54.2%) from £7.53M to £11.6M, while imports decreased by £-4.45M (-21.3%) from £20.9M to £16.4M.

Destinations In November 2024, Electric Soldering Equipment were exported mostly to United States (£6.02M), Germany (£1M), Netherlands (£563k), Ireland (£508k), and France (£495k), and were imported mostly from Germany (£4.92M), China (£2.05M), Spain (£1.18M), France (£1.12M), and Italy (£1.01M).

Growth In November 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to United States (£336k or 57.4%), Turkey (£245k or 549%), and Netherlands (£144k or 79%). In November 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-1.56M or -72.9%), China (£-1.47M or -39.7%), and Switzerland (£-131k or -21.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£4.08M(54.2%)
IMPORT GROWTH (November 2023 - November 2024)£-4.45M(-21.3%)
MAIN EXPORTER (November 2024)Southampton£5.49M
MAIN DESTINATION (November 2024)United States£6.02M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for United Kingdom. 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 (2023)$104M
IMPORTS (2023)$289M
NET TRADE (2023)-$185M

In 2023, United Kingdom exported $104M in Electric Soldering Equipment. The main destinations of United Kingdom exports on Electric Soldering Equipment were United States ($19.8M), Ireland ($7.7M), China ($6.96M), Germany ($5.54M), and Singapore ($4.15M).

In 2023, United Kingdom imported $289M in Electric Soldering Equipment, mainly from Germany ($78.8M), China ($51.5M), United States ($28.3M), Italy ($14.9M), and Japan ($14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Singapore$2.2M (113%)
Turkey$2.19M (141%)
Angola$1.57M (2.46k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY United Kingdom WERE (2022 - 2023):
Croatia-$3.63M (-98.4%)
Chinese Taipei-$2.58M (-64.8%)
Germany-$2.25M (-28.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Electric Soldering Equipment were:
China $2.67B
Germany $2.28B
United States $1.25B
In 2023, United Kingdom's main importing competitors in Electric Soldering Equipment were:
United States $1.89B
Mexico $1.02B
China $803M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.73M
TOP IMPORT POTENTIALGermany+ $15.8M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $9.73M.   Electric Soldering Equipment’s highest import potential is Germany with an import gap of $15.8M.

See methodology.

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