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846029 (Harmonized System 1992 for 6-digit)

2022
World Trade $275MRnk 3494 / 4648
2022
Top Exporter | Top Importer $41.4M | $43.4MGermany | China
2022
Product Complexity 0.81Rnk 1083 / 4653
2021 - 2022
Export Growth (CAGR) -0.69%Rnk 3065 / 4648
2022
Share of World Trade 0.0012%Rnk 3494 / 4648

About

Overview This page contains the latest trade data of Grinding machines nes, accurate to 0.01mm. In 2022, Grinding machines nes, accurate to 0.01mm were the world's 3494th most traded product, with a total trade of $275M. Between 2021 and 2022 the exports of Grinding machines nes, accurate to 0.01mm decreased by -0.69%, from $277M to $275M. Trade in Grinding machines nes, accurate to 0.01mm represent 0.0012% of total world trade.

Grinding machines nes, accurate to 0.01mm are a part of Metal Finishing Machines.

Exports In 2022 the top exporters of Grinding machines nes, accurate to 0.01mm  were Germany ($41.4M), China ($34.2M), Chinese Taipei ($34.1M), Japan ($29.1M), and South Korea ($21.2M).

Imports In 2022 the top importers of Grinding machines nes, accurate to 0.01mm were China ($43.4M), India ($27.9M), United States ($18M), Germany ($15.3M), and Mexico ($13.9M).

Ranking Grinding machines nes, accurate to 0.01mm ranks 1083rd in the Product Complexity Index (PCI).

Description Grinding machines can be used to shape metal, remove burrs, and to shape rubber or plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Grinding machines nes, accurate to 0.01mm. 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$41.4M
Top Destination (2022)China$43.4M

In 2022 Grinding machines nes, accurate to 0.01mm were the world's 3494th most traded product (out of 4,648).

In 2022, the top exporters of Grinding machines nes, accurate to 0.01mm were Germany ($41.4M), China ($34.2M), Chinese Taipei ($34.1M), Japan ($29.1M), and South Korea ($21.2M).

In 2022, the top importers of Grinding machines nes, accurate to 0.01mm were China ($43.4M), India ($27.9M), United States ($18M), Germany ($15.3M), and Mexico ($13.9M).

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Exporters of Grinding machines nes, accurate to 0.01mm (2022)
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Importers of Grinding machines nes, accurate to 0.01mm (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$7.11M
Top Destination Growth (2021 -  2022)Mexico$9.57M

Between 2021 and 2022, the exports of Grinding machines nes, accurate to 0.01mm grew the fastest in United States ($7.11M), South Korea ($4.08M), Canada ($4.07M), Japan ($3.94M), and Czechia ($3.51M).

Between 2021 and 2022, the fastest growing importers of Grinding machines nes, accurate to 0.01mm were Mexico ($9.57M), India ($4.76M), Germany ($2.87M), Bosnia and Herzegovina ($2.7M), and Italy ($2.29M).

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Exporters of Grinding machines nes, accurate to 0.01mm (2021 - 2022)

Importers of Grinding machines nes, accurate to 0.01mm (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Grinding machines nes, accurate to 0.01mm.

In 2022, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Grinding machines nes, accurate to 0.01mm are explained by 18 countries.

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Value of Exports in Grinding machines nes, accurate to 0.01mm

Net Trade

TOP NET EXPORTER (2022)Chinese Taipei$32.4M
TOP NET IMPORTER (2022)India$23.7M

This map shows which countries export or import more of Grinding machines nes, accurate to 0.01mm. Each country is colored based on the difference in exports and imports of Grinding machines nes, accurate to 0.01mm during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Grinding machines nes, accurate to 0.01mm were Chinese Taipei ($32.4M), Japan ($26.1M), Germany ($26M), South Korea ($12.4M), and Switzerland ($5.35M).

In 2022, the countries that had a largest trade value in imports than in exports of Grinding machines nes, accurate to 0.01mm were India ($23.7M), Mexico ($13.4M), China ($9.24M), Russia ($9.23M), and Vietnam ($7.26M).

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 Grinding machines nes, accurate to 0.01mm.
It is possible to select the main countries that export or import Grinding machines nes, accurate to 0.01mm in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Grinding machines nes, accurate to 0.01mm 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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