2022
Exports
$7.8MWorld Rnk 21 / 166
Flag Rnk 521 / 1208
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$14.7MWorld Rnk 23 / 214
Flag Rnk 729 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $7.8M in Soldering and Welding Machinery, making it the 21st largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 521st most exported product in Australia. The main destination of Soldering and Welding Machinery exports from Australia are: New Zealand ($2.08M), New Caledonia ($1.32M), Papua New Guinea ($1.12M), Indonesia ($620k), and Brunei ($290k).

The fastest growing export markets for Soldering and Welding Machinery of Australia between 2021 and 2022 were New Caledonia ($643k), New Zealand ($641k), and Brunei ($282k).

Imports In 2022, Australia imported $14.7M in Soldering and Welding Machinery, becoming the 23rd largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 729th most imported product in Australia. Australia imports Soldering and Welding Machinery primarily from: China ($7.66M), Chinese Taipei ($1.55M), United States ($1.34M), Poland ($680k), and United Kingdom ($633k).

The fastest growing import markets in Soldering and Welding Machinery for Australia between 2021 and 2022 were United Kingdom ($551k), Canada ($383k), and Australia ($206k).

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 Soldering and Welding Machinery. 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)$7.8M
IMPORTS (2022)$14.7M
NET TRADE (2022)-$6.91M

In 2022, Australia exported $7.8M in Soldering and Welding Machinery. The main destinations of Australia exports on Soldering and Welding Machinery were New Zealand ($2.08M), New Caledonia ($1.32M), Papua New Guinea ($1.12M), Indonesia ($620k), and Brunei ($290k).

In 2022, Australia imported $14.7M in Soldering and Welding Machinery, mainly from China ($7.66M), Chinese Taipei ($1.55M), United States ($1.34M), Poland ($680k), and United Kingdom ($633k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Caledonia$643k (94.5%)
New Zealand$641k (44.6%)
Brunei$282k (3.59k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Australia WERE (2021 - 2022):
Brazil-$1.77M (-100%)
Malaysia-$163k (-69.4%)
Hong Kong-$96k (-81.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Australia's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $204k
TOP IMPORT POTENTIALIndia+ $248k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $204k.   Soldering and Welding Machinery’s highest import potential is India with an import gap of $248k.

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