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846029 (Harmonized System 1992 for 6-digit)

2023
World Trade $290MRnk 3373 / 4644
2023
Top Exporter | Top Importer $48.5M | $40.8MGermany | India
2023
Product Complexity 1.21Rnk 452 / 4656
2022 - 2023
Export Growth (CAGR) -9.63%Rnk 2656 / 4644
2023
Share of World Trade 0.0013%Rnk 3373 / 4644

About

Overview This page contains the latest trade data of Grinding machines nes, accurate to 0.01mm. In 2023, Grinding machines nes, accurate to 0.01mm were the world's 3373rd most traded product, with a total trade of $290M. Between 2022 and 2023 the exports of Grinding machines nes, accurate to 0.01mm decreased by -9.63%, from $321M to $290M. Trade in Grinding machines nes, accurate to 0.01mm represent 0.0013% of total world trade.

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

Exports In 2023 the top exporters of Grinding machines nes, accurate to 0.01mm  were Germany ($48.5M), China ($42.3M), Japan ($34.1M), Chinese Taipei ($25M), and Switzerland ($16.8M).

Imports In 2023 the top importers of Grinding machines nes, accurate to 0.01mm were India ($40.8M), China ($37.3M), United States ($21.2M), Turkey ($13.2M), and Thailand ($12.5M).

Ranking Grinding machines nes, accurate to 0.01mm ranks 452nd 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 (2023)Germany$48.5M
Top Destination (2023)India$40.8M

In 2023 Grinding machines nes, accurate to 0.01mm were the world's 3373rd most traded product (out of 4,644).

In 2023, the top exporters of Grinding machines nes, accurate to 0.01mm were Germany ($48.5M), China ($42.3M), Japan ($34.1M), Chinese Taipei ($25M), and Switzerland ($16.8M).

In 2023, the top importers of Grinding machines nes, accurate to 0.01mm were India ($40.8M), China ($37.3M), United States ($21.2M), Turkey ($13.2M), and Thailand ($12.5M).

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Exporters of Grinding machines nes, accurate to 0.01mm (2023)
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Importers of Grinding machines nes, accurate to 0.01mm (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$7.17M
Top Destination Growth (2022 -  2023)United States$4.83M

Between 2022 and 2023, the exports of Grinding machines nes, accurate to 0.01mm grew the fastest in Belgium ($7.17M), Italy ($4.76M), Spain ($4.25M), Germany ($3.94M), and India ($2.31M).

Between 2022 and 2023, the fastest growing importers of Grinding machines nes, accurate to 0.01mm were United States ($4.83M), China ($3.44M), Spain ($3.22M), Russia ($2.91M), and United Kingdom ($2.88M).

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Exporters of Grinding machines nes, accurate to 0.01mm (2022 - 2023)

Importers of Grinding machines nes, accurate to 0.01mm (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Grinding machines nes, accurate to 0.01mm are explained by 17 countries.

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

Net Trade

TOP NET EXPORTER (2023)Germany$36M
TOP NET IMPORTER (2023)India$34.8M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Grinding machines nes, accurate to 0.01mm were Germany ($36M), Japan ($31.1M), Chinese Taipei ($21.8M), Belgium ($10.5M), and South Korea ($9.38M).

In 2023, the countries that had a largest trade value in imports than in exports of Grinding machines nes, accurate to 0.01mm were India ($34.8M), Russia ($11.3M), Turkey ($9.75M), Thailand ($8.74M), and United States ($8.04M).

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 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 (2023)

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