HS Icon Drilling Machines

8459 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.76B, Rnk 578 / 1225

Top Exporter (2018): $805M, Germany

Top Importer (2018): $560M, China

Product Complexity (2018): 1.29, Rnk 85 / 1018

Export Growth (CAGR)(2017 - 2018): 19.4%, Rnk 351 / 1225

Mean Tariff (2018): 4.51%, Rnk 913 / 1259

Share of World Trade (2018): 0.02%, Rnk 578 / 1225

Overview:  This page contains the latest trade data of Drilling Machines. In 2018, Drilling Machines were the world's 578th most traded product, with a total trade of $3.76B. Between 2017 and 2018 the exports of Drilling Machines grew by 19.4%, from  $3.15B to $3.76B. Trade in Drilling Machines represent 0.02% of total world trade.

Exports: In 2018 the top exporters of Drilling Machines  were Germany ($805M), Italy ($443M), Chinese Taipei ($406M), China ($349M), and Japan ($274M).

Imports: In 2018 the top importers of Drilling Machines were China ($560M), United States ($413M), Germany ($277M), Russia ($154M), and India ($140M).

Tariffs: In 2018 the average tariff for Drilling Machines was 4.51%, been the 913 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Drilling Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.5%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Drilling Machines ranks 85th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $805M

Top Destination (2018): China, $560M

Drilling Machines are the world's 578th most traded product.

In 2018, the top exporters of Drilling Machines were Germany ($805M), Italy ($443M), Chinese Taipei ($406M), China ($349M), and Japan ($274M).

In 2018, the top importers of Drilling Machines were China ($560M), United States ($413M), Germany ($277M), Russia ($154M), and India ($140M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $133M

Top Destination Growth (2017 - 2018): China, $86M

Between 2017 and 2018, the exports of Drilling Machines grew the fastest in Germany ($133M), Italy ($108M), Chinese Taipei ($71.8M), Czechia ($52M), and Spain ($50.7M).

Between 2017 and 2018, the fastest growing importers of Drilling Machines were China ($86M), Russia ($52.3M), United States ($51.1M), Thailand ($35.6M), and France ($33M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Drilling Machines.

In 2018,  market concentration measured using Shannon Entropy, was 4.03. This means that most of the exports of Drilling Machines are explained by 16 countries.

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TOP NET EXPORTER (2018): Germany, $528M

TOP NET IMPORTER (2018): United States, $227M

This map shows which countries export or import more of Drilling Machines. Each country is colored based on the difference in exports and imports of Drilling Machines during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Drilling Machines were Germany ($528M), Chinese Taipei ($367M), Italy ($316M), Japan ($218M), and Spain ($180M).

In 2018, the countries that had a largest trade value in imports than in exports of Drilling Machines were United States ($227M), China ($211M), Russia ($147M), India ($121M), and Mexico ($120M).

Import Tariffs

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In 2018, the average tariff for importing Drilling Machines was 4.51%.  The countries with the highest tariffs for importing Drilling Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Brazil (13.5%).

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Product Complexity

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Diversification Frontier

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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.