Soldering and Welding Machinery in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $15.5M in Soldering and Welding Machinery, making it the 16th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 712th most exported product in Canada. The main destination of Soldering and Welding Machinery exports from Canada are: United States ($10.7M), China ($2.19M), Chile ($421k), Tanzania ($393k), and Australia ($383k).

The fastest growing export markets for Soldering and Welding Machinery of Canada between 2021 and 2022 were United States ($6.82M), China ($2.14M), and Chile ($418k).

Imports In 2022, Canada imported $32.7M in Soldering and Welding Machinery, becoming the 5th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 781st most imported product in Canada. Canada imports Soldering and Welding Machinery primarily from: United States ($16.6M), China ($6.17M), Mexico ($1.92M), Chinese Taipei ($1.79M), and Austria ($1.07M).

The fastest growing import markets in Soldering and Welding Machinery for Canada between 2021 and 2022 were China ($1.53M), Netherlands ($532k), and Chinese Taipei ($457k).

Latest Trends

February 2024

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Overview In February 2024 Canada's Soldering and Welding Machinery exports accounted up to C$503k and imports accounted up to C$3.21M, resulting in a negative trade balance of C$2.7M. Between February 2023 and February 2024 the exports of Canada's Soldering and Welding Machinery have decreased by C$-294k (-36.9%) from C$797k to C$503k, while imports increased by C$1.47M (85.1%) from C$1.73M to C$3.21M.

Destinations In February 2024, Soldering and Welding Machinery were exported mostly to United States (C$374k), Suriname (C$80.7k), United Arab Emirates (C$24.4k), Turkey (C$21k), and Oman (C$2.96k), and were imported mostly from China (C$1.16M), United States (C$689k), Japan (C$383k), Italy (C$230k), and Chinese Taipei (C$159k).

Growth In February 2024, the decrease in Soldering and Welding Machinery's year-by-year exports was explained primarily by a decrease in exports to United States (C$-108k or -23.7%). In February 2024, the increase in Soldering and Welding Machinery's year-by-year imports was explained primarily by an increase in imports from Germany (C$463k or 5.86k%), Austria (C$50.8k or 211%), and Estonia (C$44.9k or 251%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-294k(-36.9%)

IMPORT GROWTH (February 2023 - February 2024)C$1.47M(85.1%)

MAIN EXPORTER (February 2024)OntarioC$740k

MAIN DESTINATION (February 2024)United StatesC$374k

This section shows Soldering and Welding Machinery's exports and imports data at subnational level for Canada. 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 Soldering and Welding Machinery over time.

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