Electric Soldering Equipment in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $125M in Electric Soldering Equipment, making it the 17th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 354th most exported product in United Kingdom. The main destination of Electric Soldering Equipment exports from United Kingdom are: United States ($20.6M), Germany ($10.3M), Ireland ($8.03M), China ($7.67M), and France ($4.93M).

The fastest growing export markets for Electric Soldering Equipment of United Kingdom between 2021 and 2022 were Croatia ($3.49M), United States ($2.71M), and Mexico ($2.3M).

Imports In 2022, United Kingdom imported $259M in Electric Soldering Equipment, becoming the 13th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 392nd most imported product in United Kingdom. United Kingdom imports Electric Soldering Equipment primarily from: Germany ($57.4M), China ($49.7M), Japan ($21M), United States ($17.3M), and Italy ($17.1M).

The fastest growing import markets in Electric Soldering Equipment for United Kingdom between 2021 and 2022 were Germany ($24.7M), Mexico ($5.12M), and Italy ($4.95M).

COMPANIES In 2023, leading companies such as HAAS AUTOMATION, INC. (3), GOLDEN STATE FC LLC (2), and AMAZON SERVICES LLC (1) were at the forefront of shipping Electric Soldering Equipment from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Electric Soldering Equipment exports accounted up to £7.12M and imports accounted up to £28M, resulting in a negative trade balance of £20.9M. Between February 2023 and February 2024 the exports of United Kingdom's Electric Soldering Equipment have decreased by £-4.1M (-36.5%) from £11.2M to £7.12M, while imports increased by £14.5M (108%) from £13.4M to £28M.

Destinations In February 2024, Electric Soldering Equipment were exported mostly to Spain (£1.1M), United States (£804k), Germany (£700k), China (£683k), and Ireland (£418k), and were imported mostly from Germany (£8.16M), South Korea (£7.27M), United States (£2.12M), France (£1.72M), and China (£1.65M).

Growth In February 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Australia (£-1.18M or -99.6%), China (£-723k or -83.7%), and Canada (£-289k or -96.5%). In February 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Germany (£1.92M or 80.7%), Austria (£992k or 353%), and India (£270k or 302%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-4.1M(-36.5%)

IMPORT GROWTH (February 2023 - February 2024)£14.5M(108%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£2.55M

MAIN DESTINATION (February 2024)Spain£1.1M

This section shows Electric Soldering Equipment's exports and imports data at subnational level for United Kingdom. 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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