Boring or sinking machinery nes, not self-propelled843049 (Harmonized System 1992 for 6-digit)
2020 World Trade: $1.56B, Rnk 1466 / 4613
2020 Top Exporter | Top Importer: $268M | $180M, China | Indonesia
2020 Product Complexity: -1.37, Rnk 4303 / 4783
2019 - 2020 Export Growth (CAGR): -20.6%, Rnk 3687 / 4613
2018 Mean Tariff: 4.52%, Rnk 4587 / 6538
2020 Share of World Trade: 0.0093%, Rnk 1466 / 4613
Overview This page contains the latest trade data of Boring or sinking machinery nes, not self-propelled. In 2020, Boring or sinking machinery nes, not self-propelled were the world's 1466th most traded product, with a total trade of $1.56B. Between 2019 and 2020 the exports of Boring or sinking machinery nes, not self-propelled decreased by -20.6%, from $1.97B to $1.56B. Trade in Boring or sinking machinery nes, not self-propelled represent 0.0093% of total world trade.
Boring or sinking machinery nes, not self-propelled are a part of Other Construction Vehicles.
Exports In 2020 the top exporters of Boring or sinking machinery nes, not self-propelled were China ($268M), Singapore ($231M), United States ($189M), United Arab Emirates ($97.3M), and Germany ($85.4M).
Imports In 2020 the top importers of Boring or sinking machinery nes, not self-propelled were Indonesia ($180M), Saudi Arabia ($108M), Colombia ($93.4M), Oman ($72.7M), and United States ($70.4M).
Tariffs In 2018 the average tariff for Boring or sinking machinery nes, not self-propelled was 4.52%, making it the 4587th lowest tariff using the HS6 product classification.
Ranking Boring or sinking machinery nes, not self-propelled ranks 4303rd in the Product Complexity Index (PCI).
Description A boring tool is a type of machine that is used to create holes through a material. They are often used in construction and engineering to create holes in concrete, brick, rock, etc. They can also be used to create small, precise holes in wood or metal.
The following visualization shows the latest trends on Boring or sinking machinery nes, not self-propelled. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Boring or sinking machinery nes, not self-propelled are the world's 1466th most traded product.
In 2020, the top exporters of Boring or sinking machinery nes, not self-propelled were China ($268M), Singapore ($231M), United States ($189M), United Arab Emirates ($97.3M), and Germany ($85.4M).
In 2020, the top importers of Boring or sinking machinery nes, not self-propelled were Indonesia ($180M), Saudi Arabia ($108M), Colombia ($93.4M), Oman ($72.7M), and United States ($70.4M).
Trade by country
Top Origin Growth (2019 - 2020): Singapore, $143M
Top Destination Growth (2019 - 2020): Indonesia, $168M
Between 2019 and 2020, the exports of Boring or sinking machinery nes, not self-propelled grew the fastest in Singapore ($143M), United Arab Emirates ($41.6M), Belarus ($24.4M), Netherlands ($23.5M), and Sri Lanka ($10.9M).
Between 2019 and 2020, the fastest growing importers of Boring or sinking machinery nes, not self-propelled were Indonesia ($168M), Oman ($54.8M), Colombia ($35.9M), United Kingdom ($21.7M), and Jordan ($18.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Boring or sinking machinery nes, not self-propelled.
In 2020, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Boring or sinking machinery nes, not self-propelled are explained by 22 countries.
This map shows which countries export or import more of Boring or sinking machinery nes, not self-propelled. Each country is colored based on the difference in exports and imports of Boring or sinking machinery nes, not self-propelled during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Boring or sinking machinery nes, not self-propelled were China ($220M), Singapore ($198M), United States ($119M), United Arab Emirates ($72.8M), and Germany ($62.5M).
In 2020, the countries that had a largest trade value in imports than in exports of Boring or sinking machinery nes, not self-propelled were Indonesia ($178M), Saudi Arabia ($99.4M), Colombia ($91.1M), Oman ($72.6M), and Egypt ($58.2M).
This visualization shows the countries that have an important ratio of their trade related to Boring or sinking machinery nes, not self-propelled. It is possible to select the main countries that export or import Boring or sinking machinery nes, not self-propelled in the world, or by continent, as well as select the measure of interest.
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.
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