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820712 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.52BRnk 1224 / 4644
2023
Top Exporter | Top Importer $677M | $222MChina | United States
2023
Product Complexity 0.29Rnk 2046 / 4656
2022 - 2023
Export Growth (CAGR) -1.05%Rnk 1663 / 4644
2023
Share of World Trade 0.011%Rnk 1224 / 4644

About

Overview This page contains the latest trade data of Rock drilling or earth boring tools except carbide. In 2023, Rock drilling or earth boring tools except carbide were the world's 1224th most traded product, with a total trade of $2.52B. Between 2022 and 2023 the exports of Rock drilling or earth boring tools except carbide decreased by -1.05%, from $2.55B to $2.52B. Trade in Rock drilling or earth boring tools except carbide represent 0.011% of total world trade.

Rock drilling or earth boring tools except carbide are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Rock drilling or earth boring tools except carbide  were China ($677M), United States ($578M), Sweden ($136M), Germany ($126M), and Canada ($93M).

Imports In 2023 the top importers of Rock drilling or earth boring tools except carbide were United States ($222M), Canada ($176M), Saudi Arabia ($160M), Australia ($139M), and Mexico ($121M).

Ranking Rock drilling or earth boring tools except carbide ranks 2046th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rock drilling or earth boring tools except carbide. 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$677M
Top Destination (2023)United States$222M

In 2023 Rock drilling or earth boring tools except carbide were the world's 1224th most traded product (out of 4,644).

In 2023, the top exporters of Rock drilling or earth boring tools except carbide were China ($677M), United States ($578M), Sweden ($136M), Germany ($126M), and Canada ($93M).

In 2023, the top importers of Rock drilling or earth boring tools except carbide were United States ($222M), Canada ($176M), Saudi Arabia ($160M), Australia ($139M), and Mexico ($121M).

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Exporters of Rock drilling or earth boring tools except carbide (2023)
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Importers of Rock drilling or earth boring tools except carbide (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$20.3M
Top Destination Growth (2022 -  2023)United Arab Emirates$35.5M

Between 2022 and 2023, the exports of Rock drilling or earth boring tools except carbide grew the fastest in Saudi Arabia ($20.3M), Singapore ($16.5M), Italy ($15.7M), United Arab Emirates ($12.4M), and China ($10.3M).

Between 2022 and 2023, the fastest growing importers of Rock drilling or earth boring tools except carbide were United Arab Emirates ($35.5M), Saudi Arabia ($25.2M), Mexico ($13.1M), Kazakhstan ($11.7M), and Singapore ($9.96M).

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Exporters of Rock drilling or earth boring tools except carbide (2022 - 2023)

Importers of Rock drilling or earth boring tools except carbide (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rock drilling or earth boring tools except carbide.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Rock drilling or earth boring tools except carbide are explained by 15 countries.

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Value of Exports in Rock drilling or earth boring tools except carbide

Net Trade

TOP NET EXPORTER (2023)China$655M
TOP NET IMPORTER (2023)Australia$117M

This map shows which countries export or import more of Rock drilling or earth boring tools except carbide. Each country is colored based on the difference in exports and imports of Rock drilling or earth boring tools except carbide during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rock drilling or earth boring tools except carbide were China ($655M), United States ($356M), Sweden ($115M), Germany ($68M), and Italy ($51.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Rock drilling or earth boring tools except carbide were Australia ($117M), Saudi Arabia ($112M), Mexico ($96.5M), Canada ($82.7M), and Russia ($61.6M).

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 Rock drilling or earth boring tools except carbide.
It is possible to select the main countries that export or import Rock drilling or earth boring tools except carbide in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rock drilling or earth boring tools except carbide 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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