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851511 (Harmonized System 1992 for 6-digit)

2023
World Trade $250MRnk 3497 / 4644
2023
Top Exporter | Top Importer $109M | $28MChina | United States
2023
Product Complexity 0.89Rnk 973 / 4656
undefined - 2023
Export Growth (CAGR) -3.73%Rnk 1942 / 4644
2023
Share of World Trade 0.0011%Rnk 3497 / 4644

About

Overview N/A

Electric soldering irons and guns are a part of Electric Soldering Equipment.

Exports In 2023 the top exporters of Electric soldering irons and guns  were China ($109M), Mexico ($36.7M), Spain ($19.3M), Germany ($16.2M), and Netherlands ($12.1M).

Imports In 2023 the top importers of Electric soldering irons and guns were United States ($28M), Germany ($21.2M), Netherlands ($19.5M), United Kingdom ($14.1M), and Russia ($10.9M).

Ranking Electric soldering irons and guns ranks 973rd in the Product Complexity Index (PCI).

Description An electric soldering iron is used for soldering electrical wiring in appliances and other electronics, and for soldering pipes together. An electric soldering gun is used to heat up larger metal pieces and then melt solder on them.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electric soldering irons and guns. 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$109M
Top Destination (2023)United States$28M

In 2023 Electric soldering irons and guns were the world's 3497th most traded product (out of 4,644).

In 2023, the top exporters of Electric soldering irons and guns were China ($109M), Mexico ($36.7M), Spain ($19.3M), Germany ($16.2M), and Netherlands ($12.1M).

In 2023, the top importers of Electric soldering irons and guns were United States ($28M), Germany ($21.2M), Netherlands ($19.5M), United Kingdom ($14.1M), and Russia ($10.9M).

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Exporters of Electric soldering irons and guns (2023)
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Importers of Electric soldering irons and guns (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$6.19M
Top Destination Growth (2022 -  2023)Netherlands$5.02M

Between 2022 and 2023, the exports of Electric soldering irons and guns grew the fastest in Mexico ($6.19M), Netherlands ($4.75M), Spain ($2.2M), Poland ($1.03M), and France ($870k).

Between 2022 and 2023, the fastest growing importers of Electric soldering irons and guns were Netherlands ($5.02M), Honduras ($2.09M), Italy ($1.99M), Russia ($1.94M), and France ($1.27M).

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Exporters of Electric soldering irons and guns (2022 - 2023)

Importers of Electric soldering irons and guns (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric soldering irons and guns.

In 2023, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Electric soldering irons and guns are explained by 8 countries.

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Value of Exports in Electric soldering irons and guns

Net Trade

TOP NET EXPORTER (2023)China$102M
TOP NET IMPORTER (2023)United States$19.8M

This map shows which countries export or import more of Electric soldering irons and guns. Each country is colored based on the difference in exports and imports of Electric soldering irons and guns during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric soldering irons and guns were China ($102M), Mexico ($27.1M), Spain ($15.2M), Chinese Taipei ($7.86M), and Malaysia ($3M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric soldering irons and guns were United States ($19.8M), United Kingdom ($12.9M), Russia ($10.6M), Netherlands ($7.43M), and Canada ($5.12M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric soldering irons and guns.
It is possible to select the main countries that export or import Electric soldering irons and guns in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric soldering irons and guns 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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