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851531 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.87BRnk 1560 / 4648
2022
Top Exporter | Top Importer $353M | $252MGermany | United States
2022
Product Complexity 1.44Rnk 222 / 4653
2021 - 2022
Export Growth (CAGR) -4.54%Rnk 3529 / 4648
2022
Share of World Trade 0.0079%Rnk 1560 / 4648

About

Overview This page contains the latest trade data of Automatic electric plasma, other arc welding equipmen. In 2022, Automatic electric plasma, other arc welding equipmen were the world's 1560th most traded product, with a total trade of $1.87B. Between 2021 and 2022 the exports of Automatic electric plasma, other arc welding equipmen decreased by -4.54%, from $1.96B to $1.87B. Trade in Automatic electric plasma, other arc welding equipmen represent 0.0079% of total world trade.

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

Exports In 2022 the top exporters of Automatic electric plasma, other arc welding equipmen  were Germany ($353M), China ($295M), Japan ($247M), Austria ($158M), and United States ($140M).

Imports In 2022 the top importers of Automatic electric plasma, other arc welding equipmen were United States ($252M), China ($143M), Germany ($114M), Netherlands ($84.9M), and Mexico ($83.7M).

Ranking Automatic electric plasma, other arc welding equipmen ranks 222nd 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 (2022)Germany$353M
Top Destination (2022)United States$252M

In 2022 Automatic electric plasma, other arc welding equipmen were the world's 1560th most traded product (out of 4,648).

In 2022, the top exporters of Automatic electric plasma, other arc welding equipmen were Germany ($353M), China ($295M), Japan ($247M), Austria ($158M), and United States ($140M).

In 2022, the top importers of Automatic electric plasma, other arc welding equipmen were United States ($252M), China ($143M), Germany ($114M), Netherlands ($84.9M), and Mexico ($83.7M).

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Exporters of Automatic electric plasma, other arc welding equipmen (2022)
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Importers of Automatic electric plasma, other arc welding equipmen (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$45.3M
Top Destination Growth (2021 -  2022)South Africa$63.3M

Between 2021 and 2022, the exports of Automatic electric plasma, other arc welding equipmen grew the fastest in United States ($45.3M), Canada ($28.1M), Germany ($9.31M), Netherlands ($6.31M), and France ($5.61M).

Between 2021 and 2022, the fastest growing importers of Automatic electric plasma, other arc welding equipmen were South Africa ($63.3M), Poland ($25.6M), Netherlands ($10.8M), Italy ($9.16M), and United States ($8.44M).

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Exporters of Automatic electric plasma, other arc welding equipmen (2021 - 2022)

Importers of Automatic electric plasma, other arc welding equipmen (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.03. 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 (2022)Germany$239M
TOP NET IMPORTER (2022)United States$112M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Automatic electric plasma, other arc welding equipmen were Germany ($239M), Japan ($215M), China ($152M), Austria ($107M), and Finland ($58M).

In 2022, the countries that had a largest trade value in imports than in exports of Automatic electric plasma, other arc welding equipmen were United States ($112M), Mexico ($79.7M), South Africa ($72.9M), Australia ($41.4M), and Poland ($41.2M).

Net Trade (2022)

Country Comparison

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Ranking

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 (2022)

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