Milling Stones6804 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.65B, Rnk 505 / 1217
2020 Top Exporter | Top Importer: $1.15B | $440M, China | United States
2020 Product Complexity: 1.24, Rnk 111 / 1028
2019 - 2020 Export Growth (CAGR): -4.67%, Rnk 510 / 1217
2018 Mean Tariff: 5.32%, Rnk 783 / 1259
2020 Share of World Trade: 0.028%, Rnk 505 / 1217
Overview This page contains the latest trade data of Milling Stones. In 2020, Milling Stones were the world's 505th most traded product, with a total trade of $4.65B. Between 2019 and 2020 the exports of Milling Stones decreased by -4.67%, from $4.88B to $4.65B. Trade in Milling Stones represent 0.028% of total world trade.
Milling Stones are a part of Stone, plaster, cement, asbestos, mica..
Exports In 2020 the top exporters of Milling Stones were China ($1.15B), Germany ($633M), Japan ($394M), Italy ($332M), and Austria ($255M).
Imports In 2020 the top importers of Milling Stones were United States ($440M), Germany ($423M), China ($277M), India ($231M), and France ($157M).
Tariffs In 2018 the average tariff for Milling Stones was 5.32%, making it the 783rd lowest tariff using the HS4 product classification.
Ranking Milling Stones ranks 111th in the Product Complexity Index (PCI).
Description Millstones are used to grind grain into flour. They can be made from a variety of materials, including granite, basalt, and quartzite.
The following visualization shows the latest trends on Milling Stones. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $1.15B
Top Destination (2020): United States, $440M
Milling Stones are the world's 505th most traded product.
In 2020, the top exporters of Milling Stones were China ($1.15B), Germany ($633M), Japan ($394M), Italy ($332M), and Austria ($255M).
In 2020, the top importers of Milling Stones were United States ($440M), Germany ($423M), China ($277M), India ($231M), and France ($157M).
Trade by country
Top Origin Decrease (2019 - 2020): Japan, -$65.9M
Top Destination Growth (2019 - 2020): Turkey, $10.9M
Between 2019 and 2020, the fastest declining exporters of Milling Stones were Japan (-$65.9M), United States (-$54M), Austria (-$42.1M), Germany (-$30.7M), and Italy (-$27.9M).
Between 2019 and 2020, the fastest growing importers of Milling Stones were Turkey ($10.9M), Poland ($10M), China ($8.84M), Brazil ($6.55M), and Argentina ($6.26M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Milling Stones.
In 2020, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Milling Stones are explained by 17 countries.
TOP NET EXPORTER (2020): China, $874M
TOP NET IMPORTER (2020): United States, $224M
This map shows which countries export or import more of Milling Stones. Each country is colored based on the difference in exports and imports of Milling Stones during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Milling Stones were China ($874M), Japan ($314M), Germany ($210M), Italy ($206M), and Austria ($181M).
In 2020, the countries that had a largest trade value in imports than in exports of Milling Stones were United States ($224M), India ($163M), France ($113M), Vietnam ($106M), and Brazil ($100M).
In 2020, the world most traded Milling Stones, disaggragated by their HS6 level were Grindstones etc, agglomerated abrasives or ceramics ($2.58B), Grindstones etc of synthetic or natural... ($1.7B), Hand sharpening or polishing stones ($150M), Millstones, grindstones etc of natural stone ($117M), and Stones for milling, grinding or pulping ($106M)
This visualization shows the countries that have an important ratio of their trade related to Milling Stones. It is possible to select the main countries that export or import Milling Stones in the world, or by continent, as well as select the measure of interest.
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.
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