845969 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Milling machines nes, for metal. In 2023, Milling machines nes, for metal were the world's 3312th most traded product, with a total trade of $309M. Between 2022 and 2023 the exports of Milling machines nes, for metal grew by 8.22%, from $286M to $309M. Trade in Milling machines nes, for metal represent 0.0014% of total world trade.

Milling machines nes, for metal are a part of Drilling Machines.

Exports In 2023 the top exporters of Milling machines nes, for metal  were China ($64.4M), Germany ($54.1M), Chinese Taipei ($37.4M), Italy ($36.2M), and Austria ($13.4M).

Imports In 2023 the top importers of Milling machines nes, for metal were United States ($33.2M), South Africa ($27.1M), Turkey ($19.5M), Italy ($13.6M), and Germany ($11.2M).

Ranking Milling machines nes, for metal ranks 2332nd in the Product Complexity Index (PCI).

Description The purpose of a milling machine is to remove metal from a workpiece. Milling machines are used for a variety of purposes. The metal can be removed quickly and accurately, or it can be removed in small increments for more complex work.

Latest Data

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The following visualization shows the latest trends on Milling machines nes, for 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 (2023)China$64.4M
Top Destination (2023)United States$33.2M

In 2023 Milling machines nes, for metal were the world's 3312th most traded product (out of 4,644).

In 2023, the top exporters of Milling machines nes, for metal were China ($64.4M), Germany ($54.1M), Chinese Taipei ($37.4M), Italy ($36.2M), and Austria ($13.4M).

In 2023, the top importers of Milling machines nes, for metal were United States ($33.2M), South Africa ($27.1M), Turkey ($19.5M), Italy ($13.6M), and Germany ($11.2M).

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Exporters of Milling machines nes, for metal (2023)
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Importers of Milling machines nes, for metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$19.1M
Top Destination Growth (2022 -  2023)South Africa$25.4M

Between 2022 and 2023, the exports of Milling machines nes, for metal grew the fastest in Italy ($19.1M), Germany ($5.08M), India ($4.58M), Austria ($4.3M), and France ($3.92M).

Between 2022 and 2023, the fastest growing importers of Milling machines nes, for metal were South Africa ($25.4M), Tanzania ($9.2M), Japan ($7.16M), Turkey ($7.1M), and Russia ($3.92M).

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Exporters of Milling machines nes, for metal (2022 - 2023)

Importers of Milling machines nes, for metal (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Milling machines nes, for metal are explained by 16 countries.

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Value of Exports in Milling machines nes, for metal

Net Trade

TOP NET EXPORTER (2023)China$57.9M
TOP NET IMPORTER (2023)South Africa$26.4M

This map shows which countries export or import more of Milling machines nes, for metal. Each country is colored based on the difference in exports and imports of Milling machines nes, for metal during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Milling machines nes, for metal were China ($57.9M), Germany ($42.8M), Chinese Taipei ($36.5M), Italy ($22.6M), and Austria ($7.51M).

In 2023, the countries that had a largest trade value in imports than in exports of Milling machines nes, for metal were South Africa ($26.4M), United States ($20.7M), Turkey ($13.6M), Russia ($9.8M), and Tanzania ($7.95M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Milling machines nes, for metal.
It is possible to select the main countries that export or import Milling machines nes, for metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milling machines nes, for 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 (2023)

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