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845931 (Harmonized System 1992 for 6-digit)

2023
World Trade $588MRnk 2680 / 4644
2023
Top Exporter | Top Importer $174M | $113MItaly | United States
2023
Product Complexity 1.35Rnk 284 / 4656
2022 - 2023
Export Growth (CAGR) 11%Rnk 623 / 4644
2023
Share of World Trade 0.0026%Rnk 2680 / 4644

About

Overview This page contains the latest trade data of Boring-milling machines num controlled for metal. In 2023, Boring-milling machines num controlled for metal were the world's 2680th most traded product, with a total trade of $588M. Between 2022 and 2023 the exports of Boring-milling machines num controlled for metal grew by 11%, from $530M to $588M. Trade in Boring-milling machines num controlled for metal represent 0.0026% of total world trade.

Boring-milling machines num controlled for metal are a part of Drilling Machines.

Exports In 2023 the top exporters of Boring-milling machines num controlled for metal  were Italy ($174M), Germany ($130M), Czechia ($75.4M), Spain ($52.6M), and Chinese Taipei ($36.2M).

Imports In 2023 the top importers of Boring-milling machines num controlled for metal were United States ($113M), China ($90.3M), Germany ($38.7M), Canada ($31M), and India ($21.8M).

Ranking Boring-milling machines num controlled for metal ranks 284th in the Product Complexity Index (PCI).

Description Boring milling machines are used to drill holes and set many different types of tools in the hole to do various operations.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Boring-milling machines num controlled for metal. 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)Italy$174M
Top Destination (2023)United States$113M

In 2023 Boring-milling machines num controlled for metal were the world's 2680th most traded product (out of 4,644).

In 2023, the top exporters of Boring-milling machines num controlled for metal were Italy ($174M), Germany ($130M), Czechia ($75.4M), Spain ($52.6M), and Chinese Taipei ($36.2M).

In 2023, the top importers of Boring-milling machines num controlled for metal were United States ($113M), China ($90.3M), Germany ($38.7M), Canada ($31M), and India ($21.8M).

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Exporters of Boring-milling machines num controlled for metal (2023)
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Importers of Boring-milling machines num controlled for metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$44.8M
Top Destination Growth (2022 -  2023)United States$29.1M

Between 2022 and 2023, the exports of Boring-milling machines num controlled for metal grew the fastest in Italy ($44.8M), Czechia ($24.9M), China ($6.99M), Denmark ($4.81M), and United Kingdom ($3.72M).

Between 2022 and 2023, the fastest growing importers of Boring-milling machines num controlled for metal were United States ($29.1M), United Kingdom ($13.7M), China ($9.56M), India ($8.93M), and Slovakia ($7.86M).

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Exporters of Boring-milling machines num controlled for metal (2022 - 2023)

Importers of Boring-milling machines num controlled for metal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Boring-milling machines num controlled for metal.

In 2023, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of Boring-milling machines num controlled for metal are explained by 8 countries.

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Value of Exports in Boring-milling machines num controlled for metal

Net Trade

TOP NET EXPORTER (2023)Italy$154M
TOP NET IMPORTER (2023)United States$108M

This map shows which countries export or import more of Boring-milling machines num controlled for metal. Each country is colored based on the difference in exports and imports of Boring-milling machines num controlled for metal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Boring-milling machines num controlled for metal were Italy ($154M), Germany ($91M), Czechia ($71M), Spain ($46.8M), and Chinese Taipei ($28.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Boring-milling machines num controlled for metal were United States ($108M), China ($68.9M), Canada ($30.1M), India ($21.7M), and France ($15.9M).

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 Boring-milling machines num controlled for metal.
It is possible to select the main countries that export or import Boring-milling machines num controlled for metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Boring-milling machines num controlled for metal 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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