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845940 (Harmonized System 1992 for 6-digit)

2022
World Trade $102MRnk 4102 / 4648
2022
Top Exporter | Top Importer $19.2M | $13.9MSouth Korea | China
2022
Product Complexity 1.17Rnk 536 / 4653
2021 - 2022
Export Growth (CAGR) -28.4%Rnk 4438 / 4648
2022
Share of World Trade 0.00043%Rnk 4102 / 4648

About

Overview This page contains the latest trade data of Boring machines nes for removing metal. In 2022, Boring machines nes for removing metal were the world's 4102nd most traded product, with a total trade of $102M. Between 2021 and 2022 the exports of Boring machines nes for removing metal decreased by -28.4%, from $142M to $102M. Trade in Boring machines nes for removing metal represent 0.00043% of total world trade.

Boring machines nes for removing metal are a part of Drilling Machines.

Exports In 2022 the top exporters of Boring machines nes for removing metal  were South Korea ($19.2M), China ($12.4M), Japan ($10.7M), United States ($8.01M), and Germany ($7.17M).

Imports In 2022 the top importers of Boring machines nes for removing metal were China ($13.9M), United States ($10.5M), India ($9.22M), Russia ($4.64M), and Indonesia ($4.16M).

Ranking Boring machines nes for removing metal ranks 536th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Boring machines nes for removing metal. 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 (2022)South Korea$19.2M
Top Destination (2022)China$13.9M

In 2022 Boring machines nes for removing metal were the world's 4102nd most traded product (out of 4,648).

In 2022, the top exporters of Boring machines nes for removing metal were South Korea ($19.2M), China ($12.4M), Japan ($10.7M), United States ($8.01M), and Germany ($7.17M).

In 2022, the top importers of Boring machines nes for removing metal were China ($13.9M), United States ($10.5M), India ($9.22M), Russia ($4.64M), and Indonesia ($4.16M).

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Exporters of Boring machines nes for removing metal (2022)
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Importers of Boring machines nes for removing metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$2.16M
Top Destination Decrease (2021 -  2022)China-$15.1M

Between 2021 and 2022, the exports of Boring machines nes for removing metal grew the fastest in China ($2.16M), Italy ($1.98M), France ($928k), Sweden ($584k), and Finland ($581k).

Between 2021 and 2022, the fastest declining importers of Boring machines nes for removing metal were China (-$15.1M), Russia (-$8.2M), India (-$5.14M), United Kingdom (-$3.22M), and Canada (-$3.08M).

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Exporters of Boring machines nes for removing metal (2021 - 2022)

Importers of Boring machines nes for removing metal (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Boring machines nes for removing metal.

In 2022, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Boring machines nes for removing metal are explained by 17 countries.

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Value of Exports in Boring machines nes for removing metal

Net Trade

TOP NET EXPORTER (2022)South Korea$17.8M
TOP NET IMPORTER (2022)India$4.9M

This map shows which countries export or import more of Boring machines nes for removing metal. Each country is colored based on the difference in exports and imports of Boring machines nes for removing metal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Boring machines nes for removing metal were South Korea ($17.8M), Japan ($10.3M), Germany ($4.75M), Czechia ($4.72M), and Italy ($4.53M).

In 2022, the countries that had a largest trade value in imports than in exports of Boring machines nes for removing metal were India ($4.9M), Indonesia ($4.03M), Russia ($3.87M), Turkey ($3.35M), and United Arab Emirates ($3.01M).

Net Trade (2022)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Boring machines nes for removing metal.
It is possible to select the main countries that export or import Boring machines nes for removing metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Boring machines nes for removing metal 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 (2022)

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