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820510 (Harmonized System 1992 for 6-digit)

2022
World Trade $191MRnk 3750 / 4648
2022
Top Exporter | Top Importer $55.8M | $17.9MChina | United States
2022
Product Complexity 0.1Rnk 2364 / 4653
2021 - 2022
Export Growth (CAGR) 6.07%Rnk 2089 / 4648
2022
Share of World Trade 0.00081%Rnk 3750 / 4648

About

Overview This page contains the latest trade data of Drilling, threading or tapping tools. In 2022, Drilling, threading or tapping tools were the world's 3750th most traded product, with a total trade of $191M. Between 2021 and 2022 the exports of Drilling, threading or tapping tools grew by 6.07%, from $180M to $191M. Trade in Drilling, threading or tapping tools represent 0.00081% of total world trade.

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

Exports In 2022 the top exporters of Drilling, threading or tapping tools  were China ($55.8M), United States ($23.9M), Netherlands ($15.7M), Germany ($9.9M), and Chinese Taipei ($7.96M).

Imports In 2022 the top importers of Drilling, threading or tapping tools were United States ($17.9M), Germany ($17M), Netherlands ($11.4M), France ($9.83M), and Mexico ($9.64M).

Ranking Drilling, threading or tapping tools ranks 2364th 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 Trends

Latest Data

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Y-AXIS SCALE

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.

Explore Latest Trends

* 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)China$55.8M
Top Destination (2022)United States$17.9M

In 2022 Drilling, threading or tapping tools were the world's 3750th most traded product (out of 4,648).

In 2022, the top exporters of Drilling, threading or tapping tools were China ($55.8M), United States ($23.9M), Netherlands ($15.7M), Germany ($9.9M), and Chinese Taipei ($7.96M).

In 2022, the top importers of Drilling, threading or tapping tools were United States ($17.9M), Germany ($17M), Netherlands ($11.4M), France ($9.83M), and Mexico ($9.64M).

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Exporters of Drilling, threading or tapping tools (2022)
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Importers of Drilling, threading or tapping tools (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$7.3M
Top Destination Growth (2021 -  2022)Mexico$5.38M

Between 2021 and 2022, the exports of Drilling, threading or tapping tools grew the fastest in China ($7.3M), Netherlands ($6.97M), United States ($5.27M), United Arab Emirates ($1.21M), and Belgium ($1.06M).

Between 2021 and 2022, the fastest growing importers of Drilling, threading or tapping tools were Mexico ($5.38M), Germany ($3.19M), Belgium ($1.63M), Niger ($1.61M), and United States ($1.1M).

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Exporters of Drilling, threading or tapping tools (2021 - 2022)

Importers of Drilling, threading or tapping tools (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Drilling, threading or tapping tools are explained by 18 countries.

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Value of Exports in Drilling, threading or tapping tools

Net Trade

TOP NET EXPORTER (2022)China$53M
TOP NET IMPORTER (2022)Mexico$8.78M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Drilling, threading or tapping tools were China ($53M), Chinese Taipei ($7.03M), United States ($6.07M), Israel ($4.54M), and Netherlands ($4.31M).

In 2022, the countries that had a largest trade value in imports than in exports of Drilling, threading or tapping tools were Mexico ($8.78M), Germany ($7.13M), France ($6.09M), Belgium ($4.37M), and Vietnam ($3.38M).

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, 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 (2022)

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