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Welding electrodes and rods: top exporters and importers (2024)

In 2024, world trade in welding electrodes and rods totaled $3.7 billion (1.2 million tonnes). The top exporters were China (26%), the United States (10%) and South Korea (6%); the top importers were the United States (7%), China (5%) and Mexico (5%). Compared with 2019, the value rose 13%.

Summary

World trade
$3.7billion
Tonnes
1.2million tonnes
Price per tonne
$3,014
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$959 million · 25.8%
  2. United States$370 million · 9.9%
  3. South Korea$229 million · 6.2%
  4. Japan$196 million · 5.3%
  5. Germany$189 million · 5.1%
  6. Sweden$169 million · 4.6%
  7. Vietnam$110 million · 3%
  8. Italy$106 million · 2.8%
  9. France$100 million · 2.7%
  10. Poland$100 million · 2.7%
  11. Malaysia$90 million · 2.4%
  12. India$81 million · 2.2%
  13. Turkey$76 million · 2.1%
  14. Austria$72 million · 1.9%
  15. Romania$71 million · 1.9%
  16. Czechia$66 million · 1.8%
  17. Netherlands$62 million · 1.7%
    re-exports
  18. Mexico$60 million · 1.6%
  19. Thailand$59 million · 1.6%
  20. Taiwan$53 million · 1.4%

Top importers

  1. United States$251 million · 6.8%
  2. China$203 million · 5.5%
  3. Mexico$184 million · 5%
  4. Indonesia$144 million · 3.9%
  5. Thailand$144 million · 3.9%
  6. Vietnam$132 million · 3.5%
  7. Canada$131 million · 3.5%
  8. India$112 million · 3%
  9. Czechia$107 million · 2.9%
  10. United Arab Emirates$102 million · 2.7%
  11. Germany$97 million · 2.6%
  12. Japan$88 million · 2.4%
  13. Singapore$85 million · 2.3%
    re-exports
  14. Saudi Arabia$82 million · 2.2%
  15. Italy$79 million · 2.1%
  16. Russia$72 million · 1.9%
  17. France$71 million · 1.9%
  18. Netherlands$63 million · 1.7%
    re-exports
  19. Poland$57 million · 1.5%
  20. Brazil$56 million · 1.5%

Trend

Who sells it

China has been the top exporter since 2008

Value in USD millions. The five largest exporters in 2024.

  • China 959
  • United States 370
  • South Korea 229
  • Japan 196
  • Germany 189

Source: CEPII BACI

Show the numbers
Country19952024
China51.8959
United States179370
South Korea43.5229
Japan131196
Germany129189

Price

Implied price

The price per tonne rose 20% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $3,014

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,503
1996$2,327
1997$2,142
1998$2,261
1999$2,104
2000$2,114
2001$2,004
2002$1,995
2003$2,216
2004$2,163
2005$2,623
2006$2,636
2007$2,963
2008$3,319
2009$2,919
2010$3,131
2011$3,358
2012$3,088
2013$3,029
2014$2,939
2015$2,775
2016$2,928
2017$2,745
2018$2,956
2019$2,832
2020$2,627
2021$3,036
2022$3,483
2023$3,376
2024$3,014

What it includes

  • 8311 · Welding electrodes and rods

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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