Drilling Machines8459 (Harmonized System 1992 for 4-digit)
2020 World Trade: $2.73B, Rnk 634 / 1217
2020 Top Exporter | Top Importer: $542M | $358M, Germany | China
2020 Product Complexity: 0.99, Rnk 178 / 1028
2019 - 2020 Export Growth (CAGR): -21.7%, Rnk 1051 / 1217
2018 Mean Tariff: 4.44%, Rnk 930 / 1259
2020 Share of World Trade: 0.016%, Rnk 634 / 1217
Overview This page contains the latest trade data of Drilling Machines. In 2020, Drilling Machines were the world's 634th most traded product, with a total trade of $2.73B. Between 2019 and 2020 the exports of Drilling Machines decreased by -21.7%, from $3.48B to $2.73B. Trade in Drilling Machines represent 0.016% of total world trade.
Drilling Machines are a part of Machinery, mechanical appliances, & parts. They include Milling machines nes, num controlled for metal, Boring-milling machines num controlled for metal, Numerically controlled metal working drill machines, Drilling machines for metal, except num controlled, Milling machines nes, for metal, Threading or tapping machines nes for metal, Boring machines nes for removing metal, Boring-milling machines nes for removing metal, Way-type unit head machines, metal working, and Milling machines, knee-type nes for removing metal, among others.
Exports In 2020 the top exporters of Drilling Machines were Germany ($542M), Italy ($317M), China ($309M), Chinese Taipei ($229M), and Spain ($210M).
Imports In 2020 the top importers of Drilling Machines were China ($358M), United States ($336M), Germany ($173M), Russia ($113M), and Canada ($97.3M).
Tariffs In 2018 the average tariff for Drilling Machines was 4.44%, making it the 930th lowest tariff using the HS4 product classification.
Ranking Drilling Machines ranks 178th in the Product Complexity Index (PCI).
Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.
The following visualization shows the latest trends on Drilling Machines. 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
Drilling Machines are the world's 634th most traded product.
In 2020, the top exporters of Drilling Machines were Germany ($542M), Italy ($317M), China ($309M), Chinese Taipei ($229M), and Spain ($210M).
In 2020, the top importers of Drilling Machines were China ($358M), United States ($336M), Germany ($173M), Russia ($113M), and Canada ($97.3M).
Trade by country
Top Origin Growth (2019 - 2020): Romania, $5.04M
Top Destination Growth (2019 - 2020): Turkey, $10.7M
Between 2019 and 2020, the exports of Drilling Machines grew the fastest in Romania ($5.04M), Canada ($2.77M), Turkey ($2.75M), Lithuania ($2.13M), and Australia ($1.73M).
Between 2019 and 2020, the fastest growing importers of Drilling Machines were Turkey ($10.7M), Finland ($9.56M), Canada ($7.96M), Israel ($7.78M), and Norway ($7.48M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Drilling Machines.
In 2020, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Drilling Machines are explained by 17 countries.
TOP NET EXPORTER (2020): Germany, $369M
TOP NET IMPORTER (2020): United States, $206M
This map shows which countries export or import more of Drilling Machines. Each country is colored based on the difference in exports and imports of Drilling Machines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Drilling Machines were Germany ($369M), Italy ($251M), Chinese Taipei ($186M), Spain ($182M), and Japan ($133M).
In 2020, the countries that had a largest trade value in imports than in exports of Drilling Machines were United States ($206M), Russia ($103M), Vietnam ($78.7M), Canada ($75.6M), and India ($72.3M).
In 2020, the world most traded Drilling Machines, disaggragated by their HS6 level were Milling machines nes, num controlled for... ($869M), Boring-milling machines num controlled for metal ($510M), Drilling machines for metal, except num... ($355M), Numerically controlled metal working drill machines ($269M), and Milling machines nes, for metal ($245M)
This visualization shows the countries that have an important ratio of their trade related to Drilling Machines. It is possible to select the main countries that export or import Drilling Machines 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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