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843143 (Harmonized System 1992 for 6-digit)

2023
World Trade $10.7BRnk 333 / 4644
2023
Top Exporter | Top Importer $2.05B | $1.28BChina | United States
2023
Product Complexity -0.56Rnk 3312 / 4656
2022 - 2023
Export Growth (CAGR) 17.3%Rnk 352 / 4644
2023
Share of World Trade 0.047%Rnk 333 / 4644

About

Overview This page contains the latest trade data of Parts of boring or sinking machinery. In 2023, Parts of boring or sinking machinery were the world's 333rd most traded product, with a total trade of $10.7B. Between 2022 and 2023 the exports of Parts of boring or sinking machinery grew by 17.3%, from $9.11B to $10.7B. Trade in Parts of boring or sinking machinery represent 0.047% of total world trade.

Parts of boring or sinking machinery are a part of Excavation Machinery.

Exports In 2023 the top exporters of Parts of boring or sinking machinery  were China ($2.05B), United States ($1.8B), Singapore ($641M), Canada ($558M), and United Arab Emirates ($521M).

Imports In 2023 the top importers of Parts of boring or sinking machinery were United States ($1.28B), Saudi Arabia ($846M), United Arab Emirates ($754M), Singapore ($592M), and Norway ($385M).

Ranking Parts of boring or sinking machinery ranks 3312th in the Product Complexity Index (PCI).

Description A boring machine is used to drill holes into the surface of a material. A sinking machine is used to cut away a surface to create a recess.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of boring or sinking machinery. 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$2.05B
Top Destination (2023)United States$1.28B

In 2023 Parts of boring or sinking machinery were the world's 333rd most traded product (out of 4,644).

In 2023, the top exporters of Parts of boring or sinking machinery were China ($2.05B), United States ($1.8B), Singapore ($641M), Canada ($558M), and United Arab Emirates ($521M).

In 2023, the top importers of Parts of boring or sinking machinery were United States ($1.28B), Saudi Arabia ($846M), United Arab Emirates ($754M), Singapore ($592M), and Norway ($385M).

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Exporters of Parts of boring or sinking machinery (2023)
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Importers of Parts of boring or sinking machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$512M
Top Destination Growth (2022 -  2023)Saudi Arabia$248M

Between 2022 and 2023, the exports of Parts of boring or sinking machinery grew the fastest in China ($512M), United States ($199M), Guyana ($197M), Oman ($151M), and Singapore ($112M).

Between 2022 and 2023, the fastest growing importers of Parts of boring or sinking machinery were Saudi Arabia ($248M), United Arab Emirates ($203M), United States ($155M), Guyana ($141M), and Trinidad and Tobago ($119M).

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Exporters of Parts of boring or sinking machinery (2022 - 2023)

Importers of Parts of boring or sinking machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of boring or sinking machinery.

In 2023, market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Parts of boring or sinking machinery are explained by 22 countries.

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Value of Exports in Parts of boring or sinking machinery

Net Trade

TOP NET EXPORTER (2023)China$1.84B
TOP NET IMPORTER (2023)Saudi Arabia$831M

This map shows which countries export or import more of Parts of boring or sinking machinery. Each country is colored based on the difference in exports and imports of Parts of boring or sinking machinery during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of boring or sinking machinery were China ($1.84B), United States ($521M), Sweden ($312M), Germany ($216M), and Italy ($216M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of boring or sinking machinery were Saudi Arabia ($831M), Russia ($316M), Kuwait ($299M), Australia ($282M), and United Arab Emirates ($233M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts of boring or sinking machinery.
It is possible to select the main countries that export or import Parts of boring or sinking machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of boring or sinking machinery 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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