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843049 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.48BRnk 1242 / 4644
2023
Top Exporter | Top Importer $555M | $559MChina | Saudi Arabia
2023
Product Complexity -1.29Rnk 4089 / 4656
2022 - 2023
Export Growth (CAGR) 28.2%Rnk 164 / 4644
2023
Share of World Trade 0.011%Rnk 1242 / 4644

About

Overview This page contains the latest trade data of Boring or sinking machinery nes, not self-propelled. In 2023, Boring or sinking machinery nes, not self-propelled were the world's 1242nd most traded product, with a total trade of $2.48B. Between 2022 and 2023 the exports of Boring or sinking machinery nes, not self-propelled grew by 28.2%, from $1.93B to $2.48B. Trade in Boring or sinking machinery nes, not self-propelled represent 0.011% of total world trade.

Boring or sinking machinery nes, not self-propelled are a part of Other Construction Vehicles.

Exports In 2023 the top exporters of Boring or sinking machinery nes, not self-propelled  were China ($555M), United States ($461M), Oman ($315M), India ($174M), and Italy ($106M).

Imports In 2023 the top importers of Boring or sinking machinery nes, not self-propelled were Saudi Arabia ($559M), Mexico ($288M), United Arab Emirates ($139M), United States ($131M), and Kuwait ($119M).

Ranking Boring or sinking machinery nes, not self-propelled ranks 4089th 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.

Latest Trends

Latest Data

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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.

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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)China$555M
Top Destination (2023)Saudi Arabia$559M

In 2023 Boring or sinking machinery nes, not self-propelled were the world's 1242nd most traded product (out of 4,644).

In 2023, the top exporters of Boring or sinking machinery nes, not self-propelled were China ($555M), United States ($461M), Oman ($315M), India ($174M), and Italy ($106M).

In 2023, the top importers of Boring or sinking machinery nes, not self-propelled were Saudi Arabia ($559M), Mexico ($288M), United Arab Emirates ($139M), United States ($131M), and Kuwait ($119M).

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Exporters of Boring or sinking machinery nes, not self-propelled (2023)
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Importers of Boring or sinking machinery nes, not self-propelled (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Oman$284M
Top Destination Growth (2022 -  2023)Saudi Arabia$364M

Between 2022 and 2023, the exports of Boring or sinking machinery nes, not self-propelled grew the fastest in Oman ($284M), China ($215M), India ($156M), United States ($56.5M), and United Kingdom ($19.3M).

Between 2022 and 2023, the fastest growing importers of Boring or sinking machinery nes, not self-propelled were Saudi Arabia ($364M), Mexico ($171M), Kuwait ($111M), Oman ($38.7M), and Ukraine ($35.4M).

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Exporters of Boring or sinking machinery nes, not self-propelled (2022 - 2023)

Importers of Boring or sinking machinery nes, not self-propelled (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Boring or sinking machinery nes, not self-propelled.

In 2023, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Boring or sinking machinery nes, not self-propelled are explained by 16 countries.

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Value of Exports in Boring or sinking machinery nes, not self-propelled

Net Trade

TOP NET EXPORTER (2023)China$538M
TOP NET IMPORTER (2023)Saudi Arabia$555M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Boring or sinking machinery nes, not self-propelled were China ($538M), United States ($330M), Oman ($222M), India ($157M), and Italy ($97.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Boring or sinking machinery nes, not self-propelled were Saudi Arabia ($555M), Mexico ($285M), Kuwait ($118M), United Arab Emirates ($62.8M), and Spain ($47.3M).

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 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.

Top 10 Exporters Countries of Boring or sinking machinery nes, not self-propelled 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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