2022
Exports
$82.3MWorld Rnk 22 / 201
Flag Rnk 154 / 1177
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$68MWorld Rnk 37 / 220
Flag Rnk 356 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $82.3M in Electric Soldering Equipment, making it the 22nd largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 154th most exported product in Hong Kong. The main destination of Electric Soldering Equipment exports from Hong Kong are: China ($59.3M), India ($4.11M), Philippines ($2.97M), Chinese Taipei ($2.14M), and Romania ($1.89M).

The fastest growing export markets for Electric Soldering Equipment of Hong Kong between 2021 and 2022 were China ($6.53M), Australia ($1.5M), and Romania ($1.15M).

Imports In 2022, Hong Kong imported $68M in Electric Soldering Equipment, becoming the 37th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 356th most imported product in Hong Kong. Hong Kong imports Electric Soldering Equipment primarily from: China ($15.4M), Japan ($12.5M), Austria ($10.6M), Germany ($6.07M), and Malaysia ($5.61M).

The fastest growing import markets in Electric Soldering Equipment for Hong Kong between 2021 and 2022 were South Korea ($1M), Philippines ($706k), and Singapore ($704k).

COMPANIES In 2023, leading companies such as Panasonic (7), Apex Tool Group (6), and John Deere (5) were at the forefront of shipping Electric Soldering Equipment from Hong Kong to the United States.

Latest Trends

Sep 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 (2022)$82.3M
IMPORTS (2022)$68M
NET TRADE (2022)$14.3M

In 2022, Hong Kong exported $82.3M in Electric Soldering Equipment. The main destinations of Hong Kong exports on Electric Soldering Equipment were China ($59.3M), India ($4.11M), Philippines ($2.97M), Chinese Taipei ($2.14M), and Romania ($1.89M).

In 2022, Hong Kong imported $68M in Electric Soldering Equipment, mainly from China ($15.4M), Japan ($12.5M), Austria ($10.6M), Germany ($6.07M), and Malaysia ($5.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
China$6.53M (12.4%)
Australia$1.5M (1.47k%)
Romania$1.15M (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Hong Kong WERE (2021 - 2022):
India-$2.64M (-39.1%)
Mexico-$2.45M (-78.7%)
United States-$1.78M (-72.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Electric Soldering Equipment were:
In 2022, Hong Kong'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

Flow
View
TOP EXPORT POTENTIALChina+ $9.1M
TOP IMPORT POTENTIALChina+ $17M

Electric Soldering Equipment’s highest export potential is China. With an export gap of $9.1M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $17M.

See methodology.

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