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846595 (Harmonized System 1992 for 6-digit)

2022
World Trade $744MRnk 2508 / 4648
2022
Top Exporter | Top Importer $200M | $170MGermany | China
2022
Product Complexity 1.42Rnk 241 / 4653
2021 - 2022
Export Growth (CAGR) -7.76%Rnk 3805 / 4648
2022
Share of World Trade 0.0031%Rnk 2508 / 4648

About

Overview This page contains the latest trade data of Drilling or morticing machines for wood, etc. In 2022, Drilling or morticing machines for wood, etc were the world's 2508th most traded product, with a total trade of $744M. Between 2021 and 2022 the exports of Drilling or morticing machines for wood, etc decreased by -7.76%, from $807M to $744M. Trade in Drilling or morticing machines for wood, etc represent 0.0031% of total world trade.

Drilling or morticing machines for wood, etc are a part of Woodworking machines.

Exports In 2022 the top exporters of Drilling or morticing machines for wood, etc  were Germany ($200M), Italy ($187M), China ($157M), Japan ($100M), and Chinese Taipei ($30.9M).

Imports In 2022 the top importers of Drilling or morticing machines for wood, etc were China ($170M), United States ($58.6M), Vietnam ($52.3M), Chinese Taipei ($49.2M), and Malaysia ($33.3M).

Ranking Drilling or morticing machines for wood, etc ranks 241st in the Product Complexity Index (PCI).

Description Drilling machines use a drill bit to bore a hole in the material. Morticing machines use a chisel and knife to cut a mortise, which is a rectangular hole in the material.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Drilling or morticing machines for wood, etc. 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 (2022)Germany$200M
Top Destination (2022)China$170M

In 2022 Drilling or morticing machines for wood, etc were the world's 2508th most traded product (out of 4,648).

In 2022, the top exporters of Drilling or morticing machines for wood, etc were Germany ($200M), Italy ($187M), China ($157M), Japan ($100M), and Chinese Taipei ($30.9M).

In 2022, the top importers of Drilling or morticing machines for wood, etc were China ($170M), United States ($58.6M), Vietnam ($52.3M), Chinese Taipei ($49.2M), and Malaysia ($33.3M).

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Exporters of Drilling or morticing machines for wood, etc (2022)
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Importers of Drilling or morticing machines for wood, etc (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Japan$40.1M
Top Destination Growth (2021 -  2022)Malaysia$19.8M

Between 2021 and 2022, the exports of Drilling or morticing machines for wood, etc grew the fastest in Japan ($40.1M), Germany ($29.6M), China ($5.38M), United States ($3.63M), and India ($3.14M).

Between 2021 and 2022, the fastest growing importers of Drilling or morticing machines for wood, etc were Malaysia ($19.8M), Austria ($9.31M), Russia ($5.05M), South Korea ($4.62M), and Mexico ($3.71M).

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Exporters of Drilling or morticing machines for wood, etc (2021 - 2022)

Importers of Drilling or morticing machines for wood, etc (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Drilling or morticing machines for wood, etc.

In 2022, market concentration measured using Shannon Entropy, was 2.81. This means that most of the exports of Drilling or morticing machines for wood, etc are explained by 6 countries.

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Value of Exports in Drilling or morticing machines for wood, etc

Net Trade

TOP NET EXPORTER (2022)Germany$180M
TOP NET IMPORTER (2022)Vietnam$51.9M

This map shows which countries export or import more of Drilling or morticing machines for wood, etc. Each country is colored based on the difference in exports and imports of Drilling or morticing machines for wood, etc during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Drilling or morticing machines for wood, etc were Germany ($180M), Italy ($178M), Japan ($95.1M), Hong Kong ($4.94M), and Denmark ($1.61M).

In 2022, the countries that had a largest trade value in imports than in exports of Drilling or morticing machines for wood, etc were Vietnam ($51.9M), United States ($50.2M), Malaysia ($31.9M), Russia ($31.5M), and France ($26.7M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Drilling or morticing machines for wood, etc.
It is possible to select the main countries that export or import Drilling or morticing machines for wood, etc in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Drilling or morticing machines for wood, etc 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 (2022)

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