2023
Exports
$329MWorld Rnk 1 / 161
Flag Rnk 652 / 1215
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.42Rnk 59 / 1025
2023
Imports
$35.6MWorld Rnk 9 / 218
Flag Rnk 824 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $329M in Soldering and Welding Machinery, making it the 1st largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 652nd most exported product in China. The main destination of Soldering and Welding Machinery exports from China are: Russia ($33.6M), United States ($27.7M), Vietnam ($21.1M), India ($18M), and United Arab Emirates ($15.4M).

The fastest growing export markets for Soldering and Welding Machinery of China between 2022 and 2023 were Vietnam ($13.6M), Russia ($13M), and United Arab Emirates ($10.2M).

Imports In 2023, China imported $35.6M in Soldering and Welding Machinery, becoming the 9th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 824th most imported product in China. China imports Soldering and Welding Machinery primarily from: Japan ($9.93M), United States ($5.84M), Germany ($4.52M), South Korea ($2.54M), and Austria ($2.18M).

The fastest growing import markets in Soldering and Welding Machinery for China between 2022 and 2023 were United States ($2.34M), Hong Kong ($559k), and Philippines ($400k).

COMPANIES In 2024, leading companies such as CrimsonLogic (413), Walmart (50), and Conair (9) were at the forefront of shipping Soldering and Welding Machinery from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$5.77M(16.7%)
IMPORT GROWTH (December 2023 - December 2024)$-8.89M(-68.6%)
MAIN EXPORTER (December 2024)Zhejiang Province$14.9M
MAIN DESTINATION (December 2024)United States$5.8M

This section shows Soldering and Welding Machinery's exports and imports data at subnational level for China. 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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Historical Data

Trade Balance

Color
EXPORTS (2023)$329M
IMPORTS (2023)$35.6M
NET TRADE (2023)$293M

In 2023, China exported $329M in Soldering and Welding Machinery. The main destinations of China exports on Soldering and Welding Machinery were Russia ($33.6M), United States ($27.7M), Vietnam ($21.1M), India ($18M), and United Arab Emirates ($15.4M).

In 2023, China imported $35.6M in Soldering and Welding Machinery, mainly from Japan ($9.93M), United States ($5.84M), Germany ($4.52M), South Korea ($2.54M), and Austria ($2.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$13.6M (183%)
Russia$13M (63.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY China WERE (2022 - 2023):
United States-$8.82M (-24.2%)
Italy-$3.42M (-48.6%)
Chinese Taipei-$2.4M (-33.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Soldering and Welding Machinery were:
In 2023, China'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 POTENTIALIndia+ $7.69M
TOP IMPORT POTENTIALIndia+ $2.09M

Soldering and Welding Machinery’s highest export potential is India. With an export gap of $7.69M.   Soldering and Welding Machinery’s highest import potential is India with an import gap of $2.09M.

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