HS Icon Boring or sinking machinery nes, not self-propelled

843049 (Harmonized System 1992 for 6-digit)

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.

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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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $268M

Top Destination (2020): Indonesia, $180M

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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2020): China, $220M

TOP NET IMPORTER (2020): Indonesia, $178M

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).

Country Comparison

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Ranking

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.

Product Complexity

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Diversification Frontier

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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.