2018
Exports
$557kWorld Rnk 78 / 201
Flag Rnk 450 / 1074
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2018
Imports
$5.32MWorld Rnk 92 / 220
Flag Rnk 363 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2018, Sri Lanka exported $557k in Electric Soldering Equipment, making it the 78th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 450th most exported product in Sri Lanka. The main destination of Electric Soldering Equipment exports from Sri Lanka are: United States ($220k), Switzerland ($156k), Finland ($62.5k), South Korea ($39.8k), and United Kingdom ($22.9k).

The fastest growing export markets for Electric Soldering Equipment of Sri Lanka between 2021 and 2022 were United States ($142k), South Korea ($39.8k), and Seychelles ($8.24k).

Imports In 2022, Sri Lanka imported $5.32M in Electric Soldering Equipment, becoming the 92nd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 363rd most imported product in Sri Lanka. Sri Lanka imports Electric Soldering Equipment primarily from: China ($2.92M), Germany ($705k), Japan ($301k), Switzerland ($205k), and India ($178k).

The fastest growing import markets in Electric Soldering Equipment for Sri Lanka between 2021 and 2022 were Germany ($601k), Switzerland ($181k), and Thailand ($63.3k).

COMPANIES In 2023, leading companies such as Helly Hansen (1) were at the forefront of shipping Electric Soldering Equipment from Sri Lanka to the United States.

Latest Trends

Oct 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)$557k
IMPORTS (2022)$5.32M
NET TRADE (2022)-$4.77M

In 2022, Sri Lanka exported $557k in Electric Soldering Equipment. The main destinations of Sri Lanka exports on Electric Soldering Equipment were United States ($220k), Switzerland ($156k), Finland ($62.5k), South Korea ($39.8k), and United Kingdom ($22.9k).

In 2022, Sri Lanka imported $5.32M in Electric Soldering Equipment, mainly from China ($2.92M), Germany ($705k), Japan ($301k), Switzerland ($205k), and India ($178k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$142k (180%)
South Korea$39.8k (1%)
Seychelles$8.24k (354%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Sri Lanka WERE (2021 - 2022):
Switzerland-$77.1k (-33.1%)
Ukraine-$39.7k (-100%)
Austria-$19.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Electric Soldering Equipment were:
In 2022, Sri Lanka'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
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TOP EXPORT POTENTIALUnited States+ $217k
TOP IMPORT POTENTIALChina+ $1.25M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $217k.   Electric Soldering Equipment’s highest import potential is China with an import gap of $1.25M.

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