Electric Soldering Equipment in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $524M in Electric Soldering Equipment, making it the 7th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 157th most exported product in South Korea. The main destination of Electric Soldering Equipment exports from South Korea are: China ($129M), United States ($87.2M), Hungary ($58M), Vietnam ($57.3M), and India ($31.6M).

The fastest growing export markets for Electric Soldering Equipment of South Korea between 2021 and 2022 were United States ($38.5M), India ($12.5M), and Colombia ($9.57M).

Imports In 2022, South Korea imported $214M in Electric Soldering Equipment, becoming the 18th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 340th most imported product in South Korea. South Korea imports Electric Soldering Equipment primarily from: China ($78.3M), Germany ($36.9M), United States ($26.7M), Japan ($23.6M), and Austria ($10.3M).

The fastest growing import markets in Electric Soldering Equipment for South Korea between 2021 and 2022 were China ($11.7M), United States ($7.42M), and Austria ($2.64M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (712) and SAMSUNG ELECTRONICS AMERICA (294) were at the forefront of shipping Electric Soldering Equipment from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Electric Soldering Equipment exports accounted up to $70.1M and imports accounted up to $19M, resulting in a positive trade balance of $51.1M. Between February 2023 and February 2024 the exports of South Korea's Electric Soldering Equipment have increased by $18.2M (35.1%) from $51.9M to $70.1M, while imports increased by $5.64M (42.3%) from $13.3M to $19M.

Destinations In February 2024, Electric Soldering Equipment were exported mostly to United States ($36.9M), United Kingdom ($15M), Vietnam ($7.19M), Mexico ($2.97M), and China ($2.35M), and were imported mostly from China ($4.92M), Germany ($3.91M), Japan ($2.74M), Austria ($2.33M), and United States ($1.27M).

Growth In February 2024, the increase in Electric Soldering Equipment's year-by-year exports was explained primarily by an increase in exports to Italy ($4.44M or 17.1k%), Poland ($3.08M or 4.46k%), and Mexico ($2.88M or 777%). In February 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from China ($2.56M or 46.1%), Japan ($1.33M or 132%), and Germany ($661k or 69.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$18.2M(35.1%)

IMPORT GROWTH (February 2023 - February 2024)$5.64M(42.3%)

MAIN DESTINATION (February 2024)United States$36.9M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for South Korea. 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 Electric Soldering Equipment over time.

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