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851531 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.83BRnk 1504 / 4644
2023
Top Exporter | Top Importer $328M | $202MChina | United States
2023
Product Complexity 1.28Rnk 352 / 4656
2022 - 2023
Export Growth (CAGR) -1.21%Rnk 1676 / 4644
2023
Share of World Trade 0.0081%Rnk 1504 / 4644

About

Overview This page contains the latest trade data of Automatic electric plasma, other arc welding equipmen. In 2023, Automatic electric plasma, other arc welding equipmen were the world's 1504th most traded product, with a total trade of $1.83B. Between 2022 and 2023 the exports of Automatic electric plasma, other arc welding equipmen decreased by -1.21%, from $1.86B to $1.83B. Trade in Automatic electric plasma, other arc welding equipmen represent 0.0081% of total world trade.

Automatic electric plasma, other arc welding equipmen are a part of Electric Soldering Equipment.

Exports In 2023 the top exporters of Automatic electric plasma, other arc welding equipmen  were China ($328M), Germany ($276M), Japan ($231M), Austria ($178M), and United States ($137M).

Imports In 2023 the top importers of Automatic electric plasma, other arc welding equipmen were United States ($202M), Mexico ($147M), Germany ($102M), China ($93M), and Poland ($69.3M).

Ranking Automatic electric plasma, other arc welding equipmen ranks 352nd in the Product Complexity Index (PCI).

Description Arc welding is a process that uses electric current to create heat, which melts the material being welded. The two electrodes that conduct the electric current are passed over the areas to be welded and the electric current is turned off when the arc forms. The heat from the arc melts the two pieces being welded together. With this process, the welded joint is strong and has a smooth surface.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Automatic electric plasma, other arc welding equipmen. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$328M
Top Destination (2023)United States$202M

In 2023 Automatic electric plasma, other arc welding equipmen were the world's 1504th most traded product (out of 4,644).

In 2023, the top exporters of Automatic electric plasma, other arc welding equipmen were China ($328M), Germany ($276M), Japan ($231M), Austria ($178M), and United States ($137M).

In 2023, the top importers of Automatic electric plasma, other arc welding equipmen were United States ($202M), Mexico ($147M), Germany ($102M), China ($93M), and Poland ($69.3M).

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Exporters of Automatic electric plasma, other arc welding equipmen (2023)
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Importers of Automatic electric plasma, other arc welding equipmen (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$26.1M
Top Destination Growth (2022 -  2023)Mexico$65.7M

Between 2022 and 2023, the exports of Automatic electric plasma, other arc welding equipmen grew the fastest in China ($26.1M), France ($11.7M), Turkey ($11.6M), Mexico ($11.5M), and Austria ($10.9M).

Between 2022 and 2023, the fastest growing importers of Automatic electric plasma, other arc welding equipmen were Mexico ($65.7M), Japan ($31.2M), Philippines ($29.5M), Turkey ($19M), and India ($17.8M).

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Exporters of Automatic electric plasma, other arc welding equipmen (2022 - 2023)

Importers of Automatic electric plasma, other arc welding equipmen (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Automatic electric plasma, other arc welding equipmen.

In 2023, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Automatic electric plasma, other arc welding equipmen are explained by 16 countries.

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Value of Exports in Automatic electric plasma, other arc welding equipmen

Net Trade

TOP NET EXPORTER (2023)China$235M
TOP NET IMPORTER (2023)Mexico$133M

This map shows which countries export or import more of Automatic electric plasma, other arc welding equipmen. Each country is colored based on the difference in exports and imports of Automatic electric plasma, other arc welding equipmen during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Automatic electric plasma, other arc welding equipmen were China ($235M), Japan ($182M), Germany ($174M), Austria ($129M), and Finland ($81.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Automatic electric plasma, other arc welding equipmen were Mexico ($133M), United States ($64.5M), India ($48.3M), Poland ($44M), and Brazil ($38M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Automatic electric plasma, other arc welding equipmen.
It is possible to select the main countries that export or import Automatic electric plasma, other arc welding equipmen in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Automatic electric plasma, other arc welding equipmen by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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