2023
Exports
$86.2MWorld Rnk 20 / 197
Flag Rnk 458 / 1212
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$429MWorld Rnk 6 / 224
Flag Rnk 195 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $86.2M in Electric Soldering Equipment, making it the 20th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 458th most exported product in India. The main destination of Electric Soldering Equipment exports from India are: United States ($21.1M), United Arab Emirates ($7.53M), Germany ($7.19M), United Kingdom ($5.29M), and Russia ($3.9M).

The fastest growing export markets for Electric Soldering Equipment of India between 2022 and 2023 were United States ($5.99M), United Kingdom ($2.69M), and Malaysia ($2.58M).

Imports In 2023, India imported $429M in Electric Soldering Equipment, becoming the 6th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 195th most imported product in India. India imports Electric Soldering Equipment primarily from: China ($165M), Japan ($75.8M), Germany ($49.8M), South Korea ($32.5M), and Italy ($18.6M).

The fastest growing import markets in Electric Soldering Equipment for India between 2022 and 2023 were Japan ($30.7M), China ($26.3M), and Germany ($12.8M).

COMPANIES In 2023, leading companies such as J.C. Bamford (267) and Vestas (1) were at the forefront of shipping Electric Soldering Equipment from India 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)$86.2M
IMPORTS (2023)$429M
NET TRADE (2023)-$343M

In 2023, India exported $86.2M in Electric Soldering Equipment. The main destinations of India exports on Electric Soldering Equipment were United States ($21.1M), United Arab Emirates ($7.53M), Germany ($7.19M), United Kingdom ($5.29M), and Russia ($3.9M).

In 2023, India imported $429M in Electric Soldering Equipment, mainly from China ($165M), Japan ($75.8M), Germany ($49.8M), South Korea ($32.5M), and Italy ($18.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR India WERE (2022 - 2023):
United States$5.99M (39.7%)
United Kingdom$2.69M (103%)
Malaysia$2.58M (509%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY India WERE (2022 - 2023):
Argentina-$11.9M (-98.6%)
Vietnam-$5.13M (-87.7%)
Canada-$3.3M (-71.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Electric Soldering Equipment were:
In 2023, India'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 POTENTIALUnited States+ $13.6M
TOP IMPORT POTENTIALChina+ $79.9M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $13.6M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $79.9M.

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