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845969 (Harmonized System 1992 for 6-digit)

2022
World Trade $310MRnk 3382 / 4648
2022
Top Exporter | Top Importer $67.9M | $35.7MChina | United States
2022
Product Complexity 0.64Rnk 1401 / 4653
2021 - 2022
Export Growth (CAGR) 1.92%Rnk 2694 / 4648
2022
Share of World Trade 0.0013%Rnk 3382 / 4648

About

Overview This page contains the latest trade data of Milling machines nes, for metal. In 2022, Milling machines nes, for metal were the world's 3382nd most traded product, with a total trade of $310M. Between 2021 and 2022 the exports of Milling machines nes, for metal grew by 1.92%, from $304M to $310M. Trade in Milling machines nes, for metal represent 0.0013% of total world trade.

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

Exports In 2022 the top exporters of Milling machines nes, for metal  were China ($67.9M), Chinese Taipei ($60.8M), Germany ($58.7M), Italy ($22.4M), and Japan ($13.7M).

Imports In 2022 the top importers of Milling machines nes, for metal were United States ($35.7M), Vietnam ($20.3M), India ($19.9M), China ($16.3M), and Germany ($13.6M).

Ranking Milling machines nes, for metal ranks 1401st 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 Trends

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 (2022)China$67.9M
Top Destination (2022)United States$35.7M

In 2022 Milling machines nes, for metal were the world's 3382nd most traded product (out of 4,648).

In 2022, the top exporters of Milling machines nes, for metal were China ($67.9M), Chinese Taipei ($60.8M), Germany ($58.7M), Italy ($22.4M), and Japan ($13.7M).

In 2022, the top importers of Milling machines nes, for metal were United States ($35.7M), Vietnam ($20.3M), India ($19.9M), China ($16.3M), and Germany ($13.6M).

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Exporters of Milling machines nes, for metal (2022)
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Importers of Milling machines nes, for metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$9.16M
Top Destination Growth (2021 -  2022)India$6.49M

Between 2021 and 2022, the exports of Milling machines nes, for metal grew the fastest in Germany ($9.16M), China ($8.78M), Chinese Taipei ($3.09M), Switzerland ($1.75M), and Spain ($1.67M).

Between 2021 and 2022, the fastest growing importers of Milling machines nes, for metal were India ($6.49M), Vietnam ($3.47M), Hungary ($3.16M), Mexico ($2.69M), and Thailand ($2.1M).

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

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

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Milling machines nes, for metal are explained by 12 countries.

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Value of Exports in Milling machines nes, for metal

Net Trade

TOP NET EXPORTER (2022)Chinese Taipei$59.6M
TOP NET IMPORTER (2022)United States$26.7M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Milling machines nes, for metal were Chinese Taipei ($59.6M), China ($51.6M), Germany ($45.1M), Italy ($10.8M), and Japan ($9.63M).

In 2022, the countries that had a largest trade value in imports than in exports of Milling machines nes, for metal were United States ($26.7M), Vietnam ($19.9M), India ($17.3M), Mexico ($9.16M), and Turkey ($8.87M).

Net Trade (2022)

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 (2022)

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