2023
Exports
$41.8MWorld Rnk 7 / 161
Flag Rnk 456 / 1189
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.42Rnk 59 / 1025
2023
Imports
$41.3MWorld Rnk 3 / 218
Flag Rnk 643 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $41.8M in Soldering and Welding Machinery, making it the 7th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 456th most exported product in Mexico. The main destination of Soldering and Welding Machinery exports from Mexico are: United States ($26.9M), United Arab Emirates ($8.89M), Canada ($1.64M), Saudi Arabia ($772k), and Czechia ($562k).

The fastest growing export markets for Soldering and Welding Machinery of Mexico between 2022 and 2023 were Honduras ($326k), Czechia ($141k), and Panama ($74.1k).

Imports In 2023, Mexico imported $41.3M in Soldering and Welding Machinery, becoming the 3rd largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 643rd most imported product in Mexico. Mexico imports Soldering and Welding Machinery primarily from: China ($13.8M), United States ($11.6M), Austria ($5.47M), France ($2.37M), and Japan ($1.77M).

The fastest growing import markets in Soldering and Welding Machinery for Mexico between 2022 and 2023 were China ($4.07M), France ($2.05M), and Japan ($1.46M).

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 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 (2023)$41.8M
IMPORTS (2023)$41.3M
NET TRADE (2023)$454k

In 2023, Mexico exported $41.8M in Soldering and Welding Machinery. The main destinations of Mexico exports on Soldering and Welding Machinery were United States ($26.9M), United Arab Emirates ($8.89M), Canada ($1.64M), Saudi Arabia ($772k), and Czechia ($562k).

In 2023, Mexico imported $41.3M in Soldering and Welding Machinery, mainly from China ($13.8M), United States ($11.6M), Austria ($5.47M), France ($2.37M), and Japan ($1.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Honduras$326k (1%)
Czechia$141k (33.4%)
Panama$74.1k (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Mexico WERE (2022 - 2023):
United States-$3.27M (-10.8%)
Colombia-$985k (-67.9%)
Saudi Arabia-$370k (-32.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Soldering and Welding Machinery were:
In 2023, Mexico'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
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TOP EXPORT POTENTIALUnited States+ $1.36M
TOP IMPORT POTENTIALChina+ $883k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $1.36M.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $883k.

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