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845940 (Harmonized System 1992 for 6-digit)

2023
World Trade $153MRnk 3842 / 4644
2023
Top Exporter | Top Importer $41.4M | $23.8MGermany | China
2023
Product Complexity 0.54Rnk 1592 / 4656
2022 - 2023
Export Growth (CAGR) 41%Rnk 87 / 4644
2023
Share of World Trade 0.00068%Rnk 3842 / 4644

About

Overview This page contains the latest trade data of Boring machines nes for removing metal. In 2023, Boring machines nes for removing metal were the world's 3842nd most traded product, with a total trade of $153M. Between 2022 and 2023 the exports of Boring machines nes for removing metal grew by 41%, from $109M to $153M. Trade in Boring machines nes for removing metal represent 0.00068% of total world trade.

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

Exports In 2023 the top exporters of Boring machines nes for removing metal  were Germany ($41.4M), China ($26.2M), South Korea ($13.5M), United States ($10.8M), and Japan ($9.49M).

Imports In 2023 the top importers of Boring machines nes for removing metal were China ($23.8M), Mexico ($15.2M), India ($11.9M), United States ($11.8M), and Russia ($8.7M).

Ranking Boring machines nes for removing metal ranks 1592nd in the Product Complexity Index (PCI).

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 (2023)Germany$41.4M
Top Destination (2023)China$23.8M

In 2023 Boring machines nes for removing metal were the world's 3842nd most traded product (out of 4,644).

In 2023, the top exporters of Boring machines nes for removing metal were Germany ($41.4M), China ($26.2M), South Korea ($13.5M), United States ($10.8M), and Japan ($9.49M).

In 2023, the top importers of Boring machines nes for removing metal were China ($23.8M), Mexico ($15.2M), India ($11.9M), United States ($11.8M), and Russia ($8.7M).

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Exporters of Boring machines nes for removing metal (2023)
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Importers of Boring machines nes for removing metal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$30.5M
Top Destination Growth (2022 -  2023)Mexico$13.4M

Between 2022 and 2023, the exports of Boring machines nes for removing metal grew the fastest in Germany ($30.5M), China ($12M), Burkina Faso ($1.97M), Australia ($1.85M), and Kyrgyzstan ($1.61M).

Between 2022 and 2023, the fastest growing importers of Boring machines nes for removing metal were Mexico ($13.4M), China ($6.59M), Saudi Arabia ($4.24M), Russia ($4.07M), and Spain ($3.73M).

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Exporters of Boring machines nes for removing metal (2022 - 2023)

Importers of Boring machines nes for removing metal (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Boring machines nes for removing metal are explained by 14 countries.

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Value of Exports in Boring machines nes for removing metal

Net Trade

TOP NET EXPORTER (2023)Germany$39M
TOP NET IMPORTER (2023)Mexico$15.2M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Boring machines nes for removing metal were Germany ($39M), South Korea ($12.7M), Japan ($8.8M), Italy ($7.41M), and Czechia ($6.23M).

In 2023, the countries that had a largest trade value in imports than in exports of Boring machines nes for removing metal were Mexico ($15.2M), India ($8.5M), Russia ($8.1M), Indonesia ($5.97M), and Turkey ($4.09M).

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 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 (2023)

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