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845939 (Harmonized System 1992 for 6-digit)

2022
World Trade $79.3MRnk 4214 / 4648
2022
Top Exporter | Top Importer $18.9M | $7.69MChina | Germany
2022
Product Complexity 0.87Rnk 977 / 4653
2021 - 2022
Export Growth (CAGR) -4.03%Rnk 3482 / 4648
2022
Share of World Trade 0.00033%Rnk 4214 / 4648

About

Overview This page contains the latest trade data of Boring-milling machines nes for removing metal. In 2022, Boring-milling machines nes for removing metal were the world's 4214th most traded product, with a total trade of $79.3M. Between 2021 and 2022 the exports of Boring-milling machines nes for removing metal decreased by -4.03%, from $82.6M to $79.3M. Trade in Boring-milling machines nes for removing metal represent 0.00033% of total world trade.

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

Exports In 2022 the top exporters of Boring-milling machines nes for removing metal  were China ($18.9M), Italy ($9.1M), Czechia ($9.06M), Chinese Taipei ($6.65M), and Germany ($6.1M).

Imports In 2022 the top importers of Boring-milling machines nes for removing metal were Germany ($7.69M), Indonesia ($6.12M), India ($5.78M), United States ($4.42M), and Austria ($3.98M).

Ranking Boring-milling machines nes for removing metal ranks 977th in the Product Complexity Index (PCI).

Description Boring a hole in an object is a process of cutting out a hole in an object with a rotary cutting tool. This process is usually done with a milling machine, which is capable of creating the hole with a drill bit. Boring mills are typically used for cutting out holes in metal for electrical work, or for cutting out holes in a larger piece of metal so that it can be welded to another piece.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Boring-milling 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)China$18.9M
Top Destination (2022)Germany$7.69M

In 2022 Boring-milling machines nes for removing metal were the world's 4214th most traded product (out of 4,648).

In 2022, the top exporters of Boring-milling machines nes for removing metal were China ($18.9M), Italy ($9.1M), Czechia ($9.06M), Chinese Taipei ($6.65M), and Germany ($6.1M).

In 2022, the top importers of Boring-milling machines nes for removing metal were Germany ($7.69M), Indonesia ($6.12M), India ($5.78M), United States ($4.42M), and Austria ($3.98M).

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

Color
Top Origin Growth (2021 -  2022)Italy$5.37M
Top Destination Growth (2021 -  2022)Indonesia$5.21M

Between 2021 and 2022, the exports of Boring-milling machines nes for removing metal grew the fastest in Italy ($5.37M), Czechia ($4.31M), Switzerland ($1.21M), United Kingdom ($1.19M), and Romania ($1.02M).

Between 2021 and 2022, the fastest growing importers of Boring-milling machines nes for removing metal were Indonesia ($5.21M), India ($2.42M), United States ($1.39M), Mexico ($1.27M), and Italy ($1.15M).

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

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

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Boring-milling machines nes for removing metal are explained by 15 countries.

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Value of Exports in Boring-milling machines nes for removing metal

Net Trade

TOP NET EXPORTER (2022)China$18M
TOP NET IMPORTER (2022)Indonesia$5.94M

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

In 2022, the countries that had a largest trade value in exports than in imports of Boring-milling machines nes for removing metal were China ($18M), Czechia ($7.25M), Italy ($7.17M), Chinese Taipei ($6.57M), and United Kingdom ($2.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Boring-milling machines nes for removing metal were Indonesia ($5.94M), India ($5.43M), Russia ($2.94M), Poland ($2.86M), and Canada ($2.12M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Boring-milling machines nes for removing metal.
It is possible to select the main countries that export or import Boring-milling 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-milling 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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