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845959 (Harmonized System 1992 for 6-digit)

2022
World Trade $76.8MRnk 4224 / 4648
2022
Top Exporter | Top Importer $34.8M | $7.42MChina | United States
2022
Product Complexity 0.65Rnk 1369 / 4653
2021 - 2022
Export Growth (CAGR) -7.43%Rnk 3783 / 4648
2022
Share of World Trade 0.00032%Rnk 4224 / 4648

About

Overview This page contains the latest trade data of Milling machines, knee-type nes for removing metal. In 2022, Milling machines, knee-type nes for removing metal were the world's 4224th most traded product, with a total trade of $76.8M. Between 2021 and 2022 the exports of Milling machines, knee-type nes for removing metal decreased by -7.43%, from $82.9M to $76.8M. Trade in Milling machines, knee-type nes for removing metal represent 0.00032% of total world trade.

Milling machines, knee-type nes for removing metal are a part of Drilling Machines.

Exports In 2022 the top exporters of Milling machines, knee-type nes for removing metal  were China ($34.8M), Chinese Taipei ($10.1M), United States ($6.39M), Germany ($2.72M), and Italy ($2.71M).

Imports In 2022 the top importers of Milling machines, knee-type nes for removing metal were United States ($7.42M), India ($6.15M), Chinese Taipei ($4.62M), Mexico ($4.3M), and Russia ($3.3M).

Ranking Milling machines, knee-type nes for removing metal ranks 1369th in the Product Complexity Index (PCI).

Description Milling machines are used for removing metal by cutting in a specified pattern. Milling machines can be either manual or CNC. The knee-type milling machine is one type of machine used for removing metal. The knee-type milling machine has a vertical column in which a horizontal rotary table is mounted. The knee-type milling machine is also called a milling machine with a knee or a knee-mill.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Milling machines, knee-type nes for removing metal. 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)China$34.8M
Top Destination (2022)United States$7.42M

In 2022 Milling machines, knee-type nes for removing metal were the world's 4224th most traded product (out of 4,648).

In 2022, the top exporters of Milling machines, knee-type nes for removing metal were China ($34.8M), Chinese Taipei ($10.1M), United States ($6.39M), Germany ($2.72M), and Italy ($2.71M).

In 2022, the top importers of Milling machines, knee-type nes for removing metal were United States ($7.42M), India ($6.15M), Chinese Taipei ($4.62M), Mexico ($4.3M), and Russia ($3.3M).

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Exporters of Milling machines, knee-type nes for removing metal (2022)
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Importers of Milling machines, knee-type nes for removing metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$3.3M
Top Destination Growth (2021 -  2022)Chinese Taipei$4.58M

Between 2021 and 2022, the exports of Milling machines, knee-type nes for removing metal grew the fastest in United States ($3.3M), Germany ($1.35M), Canada ($1.09M), Italy ($1.01M), and Japan ($786k).

Between 2021 and 2022, the fastest growing importers of Milling machines, knee-type nes for removing metal were Chinese Taipei ($4.58M), Malaysia ($2.17M), Italy ($1.04M), Brazil ($988k), and United Arab Emirates ($590k).

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Exporters of Milling machines, knee-type nes for removing metal (2021 - 2022)

Importers of Milling machines, knee-type nes for removing metal (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Milling machines, knee-type nes for removing metal.

In 2022, market concentration measured using Shannon Entropy, was 3.16. This means that most of the exports of Milling machines, knee-type nes for removing metal are explained by 8 countries.

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Value of Exports in Milling machines, knee-type nes for removing metal

Net Trade

TOP NET EXPORTER (2022)China$34.1M
TOP NET IMPORTER (2022)India$5.19M

This map shows which countries export or import more of Milling machines, knee-type nes for removing metal. Each country is colored based on the difference in exports and imports of Milling machines, knee-type nes for removing metal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Milling machines, knee-type nes for removing metal were China ($34.1M), Chinese Taipei ($5.52M), Japan ($2.26M), South Korea ($1.65M), and France ($1.46M).

In 2022, the countries that had a largest trade value in imports than in exports of Milling machines, knee-type nes for removing metal were India ($5.19M), Mexico ($4.28M), Malaysia ($3.12M), Russia ($3.02M), and Brazil ($2.97M).

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 Milling machines, knee-type nes for removing metal.
It is possible to select the main countries that export or import Milling machines, knee-type nes for removing metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milling machines, knee-type nes for removing metal 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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