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845961 (Harmonized System 1992 for 6-digit)

2023
World Trade $827MRnk 2316 / 4644
2023
Top Exporter | Top Importer $222M | $116MGermany | China
2023
Product Complexity 1.67Rnk 96 / 4656
2022 - 2023
Export Growth (CAGR) -3.28%Rnk 1887 / 4644
2023
Share of World Trade 0.0037%Rnk 2316 / 4644

About

Overview This page contains the latest trade data of Milling machines nes, num controlled for metal. In 2023, Milling machines nes, num controlled for metal were the world's 2316th most traded product, with a total trade of $827M. Between 2022 and 2023 the exports of Milling machines nes, num controlled for metal decreased by -3.28%, from $855M to $827M. Trade in Milling machines nes, num controlled for metal represent 0.0037% of total world trade.

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

Exports In 2023 the top exporters of Milling machines nes, num controlled for metal  were Germany ($222M), Spain ($163M), China ($89.5M), Italy ($52.6M), and Poland ($47.8M).

Imports In 2023 the top importers of Milling machines nes, num controlled for metal were China ($116M), United States ($69.5M), Italy ($60.7M), Germany ($57.8M), and United Kingdom ($50M).

Ranking Milling machines nes, num controlled for metal ranks 96th in the Product Complexity Index (PCI).

Description A milling machine is a machine that carves and shapes metal using a rotating cutting tool. A milling machine can be used to cut a shape or hole in a piece of metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Milling machines nes, num controlled 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)Germany$222M
Top Destination (2023)China$116M

In 2023 Milling machines nes, num controlled for metal were the world's 2316th most traded product (out of 4,644).

In 2023, the top exporters of Milling machines nes, num controlled for metal were Germany ($222M), Spain ($163M), China ($89.5M), Italy ($52.6M), and Poland ($47.8M).

In 2023, the top importers of Milling machines nes, num controlled for metal were China ($116M), United States ($69.5M), Italy ($60.7M), Germany ($57.8M), and United Kingdom ($50M).

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

Color
Top Origin Growth (2022 -  2023)China$19.4M
Top Destination Growth (2022 -  2023)Japan$17M

Between 2022 and 2023, the exports of Milling machines nes, num controlled for metal grew the fastest in China ($19.4M), Austria ($11M), Spain ($8.66M), Finland ($6.01M), and United States ($5.19M).

Between 2022 and 2023, the fastest growing importers of Milling machines nes, num controlled for metal were Japan ($17M), United Kingdom ($9.25M), Mexico ($7.28M), Russia ($6.82M), and Switzerland ($6.48M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.54. This means that most of the exports of Milling machines nes, num controlled for metal are explained by 11 countries.

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Value of Exports in Milling machines nes, num controlled for metal

Net Trade

TOP NET EXPORTER (2023)Germany$164M
TOP NET IMPORTER (2023)United States$43.9M

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

In 2023, the countries that had a largest trade value in exports than in imports of Milling machines nes, num controlled for metal were Germany ($164M), Spain ($157M), Chinese Taipei ($37.5M), Poland ($30.8M), and South Korea ($23M).

In 2023, the countries that had a largest trade value in imports than in exports of Milling machines nes, num controlled for metal were United States ($43.9M), United Kingdom ($43.6M), Turkey ($30.1M), France ($27.4M), and Vietnam ($26.6M).

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

Top 10 Exporters Countries of Milling machines nes, num controlled 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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