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Pricing

2022
Exports $125MWorld Rnk 17 / 201
Flag Rnk 354 / 1216
2022
Destination $3.49M United States
2021 - 2022
FASTEST GROWING MARKET $3.49MCroatia
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $259MWorld Rnk 13 / 220
Flag Rnk 392 / 1214
2022
Origin $24.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $24.7MGermany
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $125M 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 354th most exported product in United Kingdom. The main destination of Electric Soldering Equipment exports from United Kingdom are: United States ($20.6M), Germany ($10.3M), Ireland ($8.03M), China ($7.67M), and France ($4.93M).

The fastest growing export markets for Electric Soldering Equipment of United Kingdom between 2021 and 2022 were Croatia ($3.49M), United States ($2.71M), and Mexico ($2.3M).

Imports In 2022, United Kingdom imported $259M in Electric Soldering Equipment, becoming the 13th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 392nd most imported product in United Kingdom. United Kingdom imports Electric Soldering Equipment primarily from: Germany ($57.4M), China ($49.7M), Japan ($21M), United States ($17.3M), and Italy ($17.1M).

The fastest growing import markets in Electric Soldering Equipment for United Kingdom between 2021 and 2022 were Germany ($24.7M), Mexico ($5.12M), and Italy ($4.95M).

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

August 2024

About

Overview In August 2024 United Kingdom's Electric Soldering Equipment exports accounted up to £5.98M and imports accounted up to £19.5M, resulting in a negative trade balance of £13.6M. Between August 2023 and August 2024 the exports of United Kingdom's   Electric Soldering Equipment have decreased by £-761k (-11.3%) from £6.74M to £5.98M, while imports decreased by £-1.96M (-9.12%) from £21.5M to £19.5M.

Destinations In August 2024, Electric Soldering Equipment were exported mostly to United States (£623k), Slovakia (£554k), Germany (£479k), Ireland (£423k), and Canada (£337k), and were imported mostly from China (£3.52M), Germany (£3.4M), France (£2.81M), South Korea (£2.51M), and United States (£1.31M).

Growth In August 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Australia (£-1.18M or -99.6%), China (£-723k or -83.7%), and Canada (£-289k or -96.5%). In August 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 (August 2023 - August 2024)£-761k(-11.3%)
IMPORT GROWTH (August 2023 - August 2024)£-1.96M(-9.12%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£2.73M
MAIN DESTINATION (August 2024)United States£623k

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 (2022)$125M
IMPORTS (2022)$259M
NET TRADE (2022)-$134M

In 2022, United Kingdom exported $125M in Electric Soldering Equipment. The main destinations of United Kingdom exports on Electric Soldering Equipment were United States ($20.6M), Germany ($10.3M), Ireland ($8.03M), China ($7.67M), and France ($4.93M).

In 2022, United Kingdom imported $259M in Electric Soldering Equipment, mainly from Germany ($57.4M), China ($49.7M), Japan ($21M), United States ($17.3M), and Italy ($17.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Croatia$3.49M (2.55k%)
United States$2.71M (15.2%)
Mexico$2.3M (435%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY United Kingdom WERE (2021 - 2022):
Ireland-$1.97M (-19.7%)
Germany-$1.89M (-15.5%)
Turkey-$1.85M (-59.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, United Kingdom'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+ $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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