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Pricing

Machine-tools; (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes of heading no. 8458

8459 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.99BRnk 665 / 1217
2023
Top Exporter | Top Importer $565M | $354MGermany | United States
2023
Product Complexity 1.06Rnk 155 / 1044
2022 - 2023
Export Growth (CAGR) 4.08%Rnk 276 / 1217
2023
Share of World Trade 0.013%Rnk 665 / 1217

About

Overview This page contains the latest trade data of Drilling Machines. In 2023, Drilling Machines were the world's 665th most traded product, with a total trade of $2.99B. Between 2022 and 2023 the exports of Drilling Machines grew by 4.08%, from $2.88B to $2.99B. Trade in Drilling Machines represent 0.013% of total world trade.

Drilling Machines are a part of Machinery, mechanical appliances, & parts. They include Milling machines nes, num controlled for metal, Boring-milling machines num controlled for metal, Drilling machines for metal, except num controlled, Numerically controlled metal working drill machines, Milling machines nes, for metal, Threading or tapping machines nes for metal, Boring machines nes for removing metal, Boring-milling machines nes for removing metal, Way-type unit head machines, metal working, and Milling machines, knee-type nes for removing metal, among others.

Exports In 2023 the top exporters of Drilling Machines  were Germany ($565M), China ($509M), Italy ($361M), Spain ($252M), and Chinese Taipei ($197M).

Imports In 2023 the top importers of Drilling Machines were United States ($354M), China ($289M), Germany ($155M), India ($125M), and Italy ($124M).

Ranking Drilling Machines ranks 155th in the Product Complexity Index (PCI).

Description Machine tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Drilling Machines. 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$565M
Top Destination (2023)United States$354M

In 2023 Drilling Machines were the world's 665th most traded product (out of 1,217).

In 2023, the top exporters of Drilling Machines were Germany ($565M), China ($509M), Italy ($361M), Spain ($252M), and Chinese Taipei ($197M).

In 2023, the top importers of Drilling Machines were United States ($354M), China ($289M), Germany ($155M), India ($125M), and Italy ($124M).

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Exporters of Drilling Machines (2023)
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Importers of Drilling Machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$69.9M
Top Destination Growth (2022 -  2023)Russia$41.3M

Between 2022 and 2023, the exports of Drilling Machines grew the fastest in Italy ($69.9M), Germany ($59.1M), Czechia ($28.1M), China ($22.6M), and Austria ($21.7M).

Between 2022 and 2023, the fastest growing importers of Drilling Machines were Russia ($41.3M), United States ($25.5M), United Kingdom ($24.7M), South Africa ($24.4M), and Canada ($23.7M).

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Exporters of Drilling Machines (2022 - 2023)

Importers of Drilling Machines (2022 - 2023)

Market Concentration

Value

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

In 2023, 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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Value of Exports in Drilling Machines

Net Trade

TOP NET EXPORTER (2023)Germany$410M
TOP NET IMPORTER (2023)United States$220M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Drilling Machines were Germany ($410M), Italy ($237M), China ($221M), Spain ($215M), and Chinese Taipei ($173M).

In 2023, the countries that had a largest trade value in imports than in exports of Drilling Machines were United States ($220M), India ($103M), Russia ($95.8M), Canada ($95.2M), and Turkey ($84.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Drilling Machines, disaggragated by their HS6 level were Milling machines nes, num controlled for... ($827M), Boring-milling machines num controlled for metal ($588M), Drilling machines for metal, except num... ($342M), Milling machines nes, for metal ($309M), and Numerically controlled metal working drill machines ($276M)

HS6 Disaggregation for Drilling Machines (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Drilling Machines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $8.85M
TOP IMPORT POTENTIALChina+ $5.55M

Drilling Machines’s highest export potential is France. With an export gap of $8.85M.  Drilling Machines’s highest import potential is China with an import gap of $5.55M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Drilling Machines.

Country by Relatedness

The following visualization shows the relatedness of Drilling Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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