843041 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Boring or sinking machinery nes, self-propelled. In 2023, Boring or sinking machinery nes, self-propelled were the world's 854th most traded product, with a total trade of $4.21B. Between 2022 and 2023 the exports of Boring or sinking machinery nes, self-propelled grew by 18.3%, from $3.56B to $4.21B. Trade in Boring or sinking machinery nes, self-propelled represent 0.019% of total world trade.

Boring or sinking machinery nes, self-propelled are a part of Other Construction Vehicles.

Exports In 2023 the top exporters of Boring or sinking machinery nes, self-propelled  were China ($849M), United States ($600M), Finland ($465M), Sweden ($456M), and Italy ($381M).

Imports In 2023 the top importers of Boring or sinking machinery nes, self-propelled were United States ($492M), Australia ($437M), Canada ($232M), Turkey ($167M), and South Africa ($149M).

Ranking Boring or sinking machinery nes, self-propelled ranks 3697th in the Product Complexity Index (PCI).

Description Boring machinery includes drills, jackhammers, rotary drills, and earthmoving equipment. Sinking machinery includes pile driving equipment, pile-driving hammers, and pile-driving cranes.

Latest Data

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The following visualization shows the latest trends on Boring or sinking machinery nes, 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$849M
Top Destination (2023)United States$492M

In 2023 Boring or sinking machinery nes, self-propelled were the world's 854th most traded product (out of 4,644).

In 2023, the top exporters of Boring or sinking machinery nes, self-propelled were China ($849M), United States ($600M), Finland ($465M), Sweden ($456M), and Italy ($381M).

In 2023, the top importers of Boring or sinking machinery nes, self-propelled were United States ($492M), Australia ($437M), Canada ($232M), Turkey ($167M), and South Africa ($149M).

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Exporters of Boring or sinking machinery nes, self-propelled (2023)
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Importers of Boring or sinking machinery nes, self-propelled (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$188M
Top Destination Growth (2022 -  2023)Australia$155M

Between 2022 and 2023, the exports of Boring or sinking machinery nes, self-propelled grew the fastest in United States ($188M), China ($145M), Sweden ($123M), Finland ($116M), and Austria ($48.2M).

Between 2022 and 2023, the fastest growing importers of Boring or sinking machinery nes, self-propelled were Australia ($155M), United States ($131M), Turkey ($92M), Kuwait ($78.2M), and Kazakhstan ($48.9M).

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Exporters of Boring or sinking machinery nes, self-propelled (2022 - 2023)

Importers of Boring or sinking machinery nes, self-propelled (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Boring or sinking machinery nes, self-propelled.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Boring or sinking machinery nes, self-propelled are explained by 15 countries.

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Value of Exports in Boring or sinking machinery nes, self-propelled

Net Trade

TOP NET EXPORTER (2023)China$832M
TOP NET IMPORTER (2023)Australia$405M

This map shows which countries export or import more of Boring or sinking machinery nes, self-propelled. Each country is colored based on the difference in exports and imports of Boring or sinking machinery nes, 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, self-propelled were China ($832M), Finland ($451M), Sweden ($426M), Italy ($338M), and Germany ($285M).

In 2023, the countries that had a largest trade value in imports than in exports of Boring or sinking machinery nes, self-propelled were Australia ($405M), Canada ($188M), Turkey ($133M), South Africa ($115M), and Saudi Arabia ($115M).

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, self-propelled.
It is possible to select the main countries that export or import Boring or sinking machinery nes, 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, 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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