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722880 (Harmonized System 1992 for 6-digit)

2023
World Trade $189MRnk 3704 / 4644
2023
Top Exporter | Top Importer $51.9M | $29.1MSweden | Australia
2023
Product Complexity -0.16Rnk 2765 / 4656
2022 - 2023
Export Growth (CAGR) -9.19%Rnk 2605 / 4644
2023
Share of World Trade 0.00084%Rnk 3704 / 4644

About

Overview This page contains the latest trade data of Hollow drill bars and rods of alloy/non-alloy steel. In 2023, Hollow drill bars and rods of alloy/non-alloy steel were the world's 3704th most traded product, with a total trade of $189M. Between 2022 and 2023 the exports of Hollow drill bars and rods of alloy/non-alloy steel decreased by -9.19%, from $208M to $189M. Trade in Hollow drill bars and rods of alloy/non-alloy steel represent 0.00084% of total world trade.

Hollow drill bars and rods of alloy/non-alloy steel are a part of Other Steel Bars.

Exports In 2023 the top exporters of Hollow drill bars and rods of alloy/non-alloy steel  were Sweden ($51.9M), China ($35.1M), Canada ($15.4M), Italy ($10.2M), and Japan ($9.65M).

Imports In 2023 the top importers of Hollow drill bars and rods of alloy/non-alloy steel were Australia ($29.1M), Peru ($13.8M), Canada ($10.4M), United States ($9.89M), and Brazil ($9.32M).

Ranking Hollow drill bars and rods of alloy/non-alloy steel ranks 2765th in the Product Complexity Index (PCI).

Description Hollow drill bars and rods are used in the manufacturing of bolts, screws, nuts, and pins, and in the drilling of holes in metal.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Hollow drill bars and rods of alloy/non-alloy steel. 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)Sweden$51.9M
Top Destination (2023)Australia$29.1M

In 2023 Hollow drill bars and rods of alloy/non-alloy steel were the world's 3704th most traded product (out of 4,644).

In 2023, the top exporters of Hollow drill bars and rods of alloy/non-alloy steel were Sweden ($51.9M), China ($35.1M), Canada ($15.4M), Italy ($10.2M), and Japan ($9.65M).

In 2023, the top importers of Hollow drill bars and rods of alloy/non-alloy steel were Australia ($29.1M), Peru ($13.8M), Canada ($10.4M), United States ($9.89M), and Brazil ($9.32M).

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Exporters of Hollow drill bars and rods of alloy/non-alloy steel (2023)
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Importers of Hollow drill bars and rods of alloy/non-alloy steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Sweden$11.8M
Top Destination Growth (2022 -  2023)Australia$16.4M

Between 2022 and 2023, the exports of Hollow drill bars and rods of alloy/non-alloy steel grew the fastest in Sweden ($11.8M), South Africa ($2.55M), Brazil ($1.12M), Netherlands ($931k), and United Arab Emirates ($832k).

Between 2022 and 2023, the fastest growing importers of Hollow drill bars and rods of alloy/non-alloy steel were Australia ($16.4M), Singapore ($3.34M), Brazil ($2.12M), Tanzania ($1.58M), and Zimbabwe ($1.41M).

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Exporters of Hollow drill bars and rods of alloy/non-alloy steel (2022 - 2023)

Importers of Hollow drill bars and rods of alloy/non-alloy steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hollow drill bars and rods of alloy/non-alloy steel.

In 2023, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Hollow drill bars and rods of alloy/non-alloy steel are explained by 13 countries.

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Value of Exports in Hollow drill bars and rods of alloy/non-alloy steel

Net Trade

TOP NET EXPORTER (2023)Sweden$46.2M
TOP NET IMPORTER (2023)Australia$26.4M

This map shows which countries export or import more of Hollow drill bars and rods of alloy/non-alloy steel. Each country is colored based on the difference in exports and imports of Hollow drill bars and rods of alloy/non-alloy steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hollow drill bars and rods of alloy/non-alloy steel were Sweden ($46.2M), China ($35M), Italy ($8.84M), Japan ($8.49M), and United Kingdom ($7.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Hollow drill bars and rods of alloy/non-alloy steel were Australia ($26.4M), Peru ($11.8M), Brazil ($8.14M), India ($7.55M), and Ghana ($5.63M).

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 Hollow drill bars and rods of alloy/non-alloy steel.
It is possible to select the main countries that export or import Hollow drill bars and rods of alloy/non-alloy steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hollow drill bars and rods of alloy/non-alloy steel 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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