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846593 (Harmonized System 1992 for 6-digit)

2023
World Trade $471MRnk 2911 / 4644
2023
Top Exporter | Top Importer $118M | $128MChina | United States
2023
Product Complexity 1.17Rnk 509 / 4656
2022 - 2023
Export Growth (CAGR) -8.82%Rnk 2566 / 4644
2023
Share of World Trade 0.0021%Rnk 2911 / 4644

About

Overview This page contains the latest trade data of Grinding, sanding, polishing machines for wood, et c. In 2023, Grinding, sanding, polishing machines for wood, et c were the world's 2911th most traded product, with a total trade of $471M. Between 2022 and 2023 the exports of Grinding, sanding, polishing machines for wood, et c decreased by -8.82%, from $517M to $471M. Trade in Grinding, sanding, polishing machines for wood, et c represent 0.0021% of total world trade.

Grinding, sanding, polishing machines for wood, et c are a part of Woodworking machines.

Exports In 2023 the top exporters of Grinding, sanding, polishing machines for wood, et c  were China ($118M), Germany ($110M), Italy ($68.3M), Chinese Taipei ($58M), and Switzerland ($21.7M).

Imports In 2023 the top importers of Grinding, sanding, polishing machines for wood, et c were United States ($128M), China ($24.2M), Vietnam ($22.3M), Canada ($22.1M), and Germany ($21.2M).

Ranking Grinding, sanding, polishing machines for wood, et c ranks 509th in the Product Complexity Index (PCI).

Description Grinding is used to remove material and give a finished product a smooth surface; sanding is used to smooth a rough surface and remove excess material and then a polishing machine is used to give the product a shiny finish.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Grinding, sanding, polishing machines for wood, et c. 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$118M
Top Destination (2023)United States$128M

In 2023 Grinding, sanding, polishing machines for wood, et c were the world's 2911th most traded product (out of 4,644).

In 2023, the top exporters of Grinding, sanding, polishing machines for wood, et c were China ($118M), Germany ($110M), Italy ($68.3M), Chinese Taipei ($58M), and Switzerland ($21.7M).

In 2023, the top importers of Grinding, sanding, polishing machines for wood, et c were United States ($128M), China ($24.2M), Vietnam ($22.3M), Canada ($22.1M), and Germany ($21.2M).

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Exporters of Grinding, sanding, polishing machines for wood, et c (2023)
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Importers of Grinding, sanding, polishing machines for wood, et c (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$5.19M
Top Destination Growth (2022 -  2023)Malaysia$7.26M

Between 2022 and 2023, the exports of Grinding, sanding, polishing machines for wood, et c grew the fastest in Italy ($5.19M), Japan ($4.79M), United States ($1.84M), Norway ($1.21M), and Brazil ($840k).

Between 2022 and 2023, the fastest growing importers of Grinding, sanding, polishing machines for wood, et c were Malaysia ($7.26M), Thailand ($3.54M), Japan ($2.6M), Canada ($2.45M), and Mexico ($1.78M).

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Exporters of Grinding, sanding, polishing machines for wood, et c (2022 - 2023)

Importers of Grinding, sanding, polishing machines for wood, et c (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Grinding, sanding, polishing machines for wood, et c.

In 2023, market concentration measured using Shannon Entropy, was 3.35. This means that most of the exports of Grinding, sanding, polishing machines for wood, et c are explained by 10 countries.

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Value of Exports in Grinding, sanding, polishing machines for wood, et c

Net Trade

TOP NET EXPORTER (2023)China$93.5M
TOP NET IMPORTER (2023)United States$115M

This map shows which countries export or import more of Grinding, sanding, polishing machines for wood, et c. Each country is colored based on the difference in exports and imports of Grinding, sanding, polishing machines for wood, et c during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Grinding, sanding, polishing machines for wood, et c were China ($93.5M), Germany ($88.3M), Italy ($63.6M), Chinese Taipei ($55.5M), and Japan ($11.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Grinding, sanding, polishing machines for wood, et c were United States ($115M), Vietnam ($22M), Canada ($19.3M), India ($17.3M), and Malaysia ($10.7M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Grinding, sanding, polishing machines for wood, et c 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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