2022
Exports
$127MWorld Rnk 7 / 156
Flag Rnk 693 / 1217
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$317MWorld Rnk 2 / 210
Flag Rnk 668 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $127M in Drilling Machines, making it the 7th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 693rd most exported product in United States. The main destination of Drilling Machines exports from United States are: Canada ($25.6M), Mexico ($25M), Germany ($9.51M), Chinese Taipei ($6.73M), and United Kingdom ($5.63M).

The fastest growing export markets for Drilling Machines of United States between 2021 and 2022 were Chinese Taipei ($4.86M), Germany ($1.97M), and Vietnam ($1.05M).

Imports In 2022, United States imported $317M in Drilling Machines, becoming the 2nd largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 668th most imported product in United States. United States imports Drilling Machines primarily from: Italy ($68.4M), Germany ($45.7M), China ($43.4M), Chinese Taipei ($40M), and Japan ($21.6M).

The fastest growing import markets in Drilling Machines for United States between 2021 and 2022 were Italy ($16.1M), Chinese Taipei ($6.45M), and South Korea ($3.58M).

COMPANIES In 2023, leading companies such as Volvo (114), CrimsonLogic (78), and ZF Friedrichshafen (48) were at the forefront of shipping Drilling Machines to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-677k(-4.64%)
IMPORT GROWTH (August 2023 - August 2024)$10.7M(39%)
MAIN EXPORTER (August 2024)New York$6.79M
MAIN DESTINATION (August 2024)South Korea$5.73M

This section shows Drilling Machines's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$127M
IMPORTS (2022)$317M
NET TRADE (2022)-$191M

In 2022, United States exported $127M in Drilling Machines. The main destinations of United States exports on Drilling Machines were Canada ($25.6M), Mexico ($25M), Germany ($9.51M), Chinese Taipei ($6.73M), and United Kingdom ($5.63M).

In 2022, United States imported $317M in Drilling Machines, mainly from Italy ($68.4M), Germany ($45.7M), China ($43.4M), Chinese Taipei ($40M), and Japan ($21.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Chinese Taipei$4.86M (261%)
Germany$1.97M (26.1%)
Vietnam$1.05M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY United States WERE (2021 - 2022):
Canada-$8.96M (-26%)
China-$7.74M (-78.8%)
Mexico-$4.42M (-15.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Drilling Machines were:
In 2022, United States's main importing competitors in Drilling Machines were:

Explore Visualizations

Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.57M
TOP IMPORT POTENTIALChina+ $11.2M

Drilling Machines’s highest export potential is China. With an export gap of $2.57M.   Drilling Machines’s highest import potential is China with an import gap of $11.2M.

See methodology.

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