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820750 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.53BRnk 803 / 4644
2023
Top Exporter | Top Importer $1.32B | $626MChina | Germany
2023
Product Complexity 1.33Rnk 308 / 4656
2022 - 2023
Export Growth (CAGR) -4%Rnk 1979 / 4644
2023
Share of World Trade 0.02%Rnk 803 / 4644

About

Overview This page contains the latest trade data of Tools for drilling, other than for rock drilling. In 2023, Tools for drilling, other than for rock drilling were the world's 803rd most traded product, with a total trade of $4.53B. Between 2022 and 2023 the exports of Tools for drilling, other than for rock drilling decreased by -4%, from $4.72B to $4.53B. Trade in Tools for drilling, other than for rock drilling represent 0.02% of total world trade.

Tools for drilling, other than for rock drilling are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Tools for drilling, other than for rock drilling  were China ($1.32B), Germany ($1.24B), Japan ($215M), Switzerland ($200M), and United States ($169M).

Imports In 2023 the top importers of Tools for drilling, other than for rock drilling were Germany ($626M), United States ($575M), Switzerland ($238M), France ($169M), and Italy ($163M).

Ranking Tools for drilling, other than for rock drilling ranks 308th in the Product Complexity Index (PCI).

Description Non-rock drilling tools are commonly used to create holes in a variety of materials. These include plastics, metals, woods, and other materials.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Tools for drilling, other than for rock drilling. 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$1.32B
Top Destination (2023)Germany$626M

In 2023 Tools for drilling, other than for rock drilling were the world's 803rd most traded product (out of 4,644).

In 2023, the top exporters of Tools for drilling, other than for rock drilling were China ($1.32B), Germany ($1.24B), Japan ($215M), Switzerland ($200M), and United States ($169M).

In 2023, the top importers of Tools for drilling, other than for rock drilling were Germany ($626M), United States ($575M), Switzerland ($238M), France ($169M), and Italy ($163M).

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Exporters of Tools for drilling, other than for rock drilling (2023)
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Importers of Tools for drilling, other than for rock drilling (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$36.6M
Top Destination Growth (2022 -  2023)Russia$31.7M

Between 2022 and 2023, the exports of Tools for drilling, other than for rock drilling grew the fastest in Germany ($36.6M), Slovenia ($22.8M), United Arab Emirates ($17.5M), Switzerland ($7.68M), and Hungary ($5.33M).

Between 2022 and 2023, the fastest growing importers of Tools for drilling, other than for rock drilling were Russia ($31.7M), Saudi Arabia ($22.5M), Slovenia ($20.3M), Thailand ($15.3M), and Italy ($13.8M).

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Exporters of Tools for drilling, other than for rock drilling (2022 - 2023)

Importers of Tools for drilling, other than for rock drilling (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools for drilling, other than for rock drilling.

In 2023, market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Tools for drilling, other than for rock drilling are explained by 12 countries.

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Value of Exports in Tools for drilling, other than for rock drilling

Net Trade

TOP NET EXPORTER (2023)China$1.18B
TOP NET IMPORTER (2023)United States$406M

This map shows which countries export or import more of Tools for drilling, other than for rock drilling. Each country is colored based on the difference in exports and imports of Tools for drilling, other than for rock drilling during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tools for drilling, other than for rock drilling were China ($1.18B), Germany ($613M), Japan ($106M), Chinese Taipei ($36.4M), and Brazil ($31.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools for drilling, other than for rock drilling were United States ($406M), Russia ($150M), Mexico ($121M), Canada ($118M), and Italy ($105M).

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 Tools for drilling, other than for rock drilling.
It is possible to select the main countries that export or import Tools for drilling, other than for rock drilling in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tools for drilling, other than for rock drilling 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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