820510 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Drilling, threading or tapping tools. In 2023, Drilling, threading or tapping tools were the world's 3708th most traded product, with a total trade of $189M. Between 2022 and 2023 the exports of Drilling, threading or tapping tools decreased by -4.27%, from $197M to $189M. Trade in Drilling, threading or tapping tools represent 0.00084% of total world trade.

Drilling, threading or tapping tools are a part of Other Hand Tools.

Exports In 2023 the top exporters of Drilling, threading or tapping tools  were China ($59.8M), United States ($19M), Germany ($14.3M), Belgium ($9.01M), and France ($8.17M).

Imports In 2023 the top importers of Drilling, threading or tapping tools were Netherlands ($22.3M), Germany ($12.9M), United States ($12.9M), France ($7.5M), and Canada ($7.06M).

Ranking Drilling, threading or tapping tools ranks 1616th in the Product Complexity Index (PCI).

Description Drilling tools are used in the fabrication of metal products, to remove metal, to create a passage for a bolt, or to make two opposite holes in a flat surface. Threading tools, also known as taps, are used in the fabrication of metal products to cut threads in metal surfaces. Tapping tools are used to create the threads in a hole so that a bolt, screw, or rivet can be inserted.

Latest Data

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The following visualization shows the latest trends on Drilling, threading or tapping tools. 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$59.8M
Top Destination (2023)Netherlands$22.3M

In 2023 Drilling, threading or tapping tools were the world's 3708th most traded product (out of 4,644).

In 2023, the top exporters of Drilling, threading or tapping tools were China ($59.8M), United States ($19M), Germany ($14.3M), Belgium ($9.01M), and France ($8.17M).

In 2023, the top importers of Drilling, threading or tapping tools were Netherlands ($22.3M), Germany ($12.9M), United States ($12.9M), France ($7.5M), and Canada ($7.06M).

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Exporters of Drilling, threading or tapping tools (2023)
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Importers of Drilling, threading or tapping tools (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$3.75M
Top Destination Growth (2022 -  2023)Malaysia$3.3M

Between 2022 and 2023, the exports of Drilling, threading or tapping tools grew the fastest in China ($3.75M), France ($1.72M), Greece ($1.32M), Israel ($1.13M), and Lithuania ($762k).

Between 2022 and 2023, the fastest growing importers of Drilling, threading or tapping tools were Malaysia ($3.3M), Canada ($2.6M), Saudi Arabia ($2.37M), Vietnam ($1.43M), and Russia ($1.26M).

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Exporters of Drilling, threading or tapping tools (2022 - 2023)

Importers of Drilling, threading or tapping tools (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Drilling, threading or tapping tools.

In 2023, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Drilling, threading or tapping tools are explained by 17 countries.

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Value of Exports in Drilling, threading or tapping tools

Net Trade

TOP NET EXPORTER (2023)China$57.9M
TOP NET IMPORTER (2023)Netherlands$19.2M

This map shows which countries export or import more of Drilling, threading or tapping tools. Each country is colored based on the difference in exports and imports of Drilling, threading or tapping tools during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Drilling, threading or tapping tools were China ($57.9M), Belgium ($7.23M), United States ($6.12M), Chinese Taipei ($5.63M), and Lithuania ($4.33M).

In 2023, the countries that had a largest trade value in imports than in exports of Drilling, threading or tapping tools were Netherlands ($19.2M), Saudi Arabia ($6.43M), Canada ($5.76M), Malaysia ($5.28M), and Singapore ($4.07M).

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 Drilling, threading or tapping tools.
It is possible to select the main countries that export or import Drilling, threading or tapping tools in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Drilling, threading or tapping tools 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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