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820770 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.79BRnk 1160 / 4644
2023
Top Exporter | Top Importer $706M | $438MGermany | Germany
2023
Product Complexity 1.8Rnk 52 / 4656
2022 - 2023
Export Growth (CAGR) 5.94%Rnk 956 / 4644
2023
Share of World Trade 0.012%Rnk 1160 / 4644

About

Overview This page contains the latest trade data of Tools for milling. In 2023, Tools for milling were the world's 1160th most traded product, with a total trade of $2.79B. Between 2022 and 2023 the exports of Tools for milling grew by 5.94%, from $2.63B to $2.79B. Trade in Tools for milling represent 0.012% of total world trade.

Tools for milling are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Tools for milling  were Germany ($706M), China ($350M), Japan ($216M), Switzerland ($192M), and South Korea ($164M).

Imports In 2023 the top importers of Tools for milling were Germany ($438M), United States ($302M), France ($151M), China ($145M), and Switzerland ($135M).

Ranking Tools for milling ranks 52nd in the Product Complexity Index (PCI).

Description Milling is a machining operation that cuts away material using a rotary cutter. There are a number of tools that can be used for this purpose. End mills are used for roughing, slotting, and profiling. The choice of end mill depends on the desired shape and size. Taper end mills are often used for finishing cuts. Drills are used for making holes. They are often used for finishing cuts. Drills are often used for finishing cuts. They are often used for finishing cuts.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tools for milling. 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$706M
Top Destination (2023)Germany$438M

In 2023 Tools for milling were the world's 1160th most traded product (out of 4,644).

In 2023, the top exporters of Tools for milling were Germany ($706M), China ($350M), Japan ($216M), Switzerland ($192M), and South Korea ($164M).

In 2023, the top importers of Tools for milling were Germany ($438M), United States ($302M), France ($151M), China ($145M), and Switzerland ($135M).

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Exporters of Tools for milling (2023)
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Importers of Tools for milling (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$68.4M
Top Destination Growth (2022 -  2023)Vietnam$35.5M

Between 2022 and 2023, the exports of Tools for milling grew the fastest in Germany ($68.4M), China ($59.3M), Switzerland ($40.4M), Netherlands ($24.8M), and Italy ($16.4M).

Between 2022 and 2023, the fastest growing importers of Tools for milling were Vietnam ($35.5M), Italy ($28.9M), Russia ($26.4M), Germany ($22.9M), and Switzerland ($22.3M).

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Exporters of Tools for milling (2022 - 2023)

Importers of Tools for milling (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools for milling.

In 2023, market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Tools for milling are explained by 16 countries.

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Value of Exports in Tools for milling

Net Trade

TOP NET EXPORTER (2023)Germany$269M
TOP NET IMPORTER (2023)United States$164M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tools for milling were Germany ($269M), China ($205M), Japan ($144M), Israel ($110M), and South Korea ($102M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools for milling were United States ($164M), Mexico ($99.7M), France ($94.6M), Russia ($74M), and Vietnam ($51.1M).

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

Top 10 Exporters Countries of Tools for milling 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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