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846040 (Harmonized System 1992 for 6-digit)

2023
World Trade $327MRnk 3259 / 4644
2023
Top Exporter | Top Importer $69.5M | $92.9MGermany | China
2023
Product Complexity 1.95Rnk 22 / 4656
2022 - 2023
Export Growth (CAGR) 13.5%Rnk 492 / 4644
2023
Share of World Trade 0.0014%Rnk 3259 / 4644

About

Overview This page contains the latest trade data of Honing or lapping machines. In 2023, Honing or lapping machines were the world's 3259th most traded product, with a total trade of $327M. Between 2022 and 2023 the exports of Honing or lapping machines grew by 13.5%, from $288M to $327M. Trade in Honing or lapping machines represent 0.0014% of total world trade.

Honing or lapping machines are a part of Metal Finishing Machines.

Exports In 2023 the top exporters of Honing or lapping machines  were Germany ($69.5M), Italy ($51.2M), Japan ($42.8M), China ($36M), and Switzerland ($35.2M).

Imports In 2023 the top importers of Honing or lapping machines were China ($92.9M), India ($20.7M), United States ($17.7M), Germany ($16.8M), and Vietnam ($12.5M).

Ranking Honing or lapping machines ranks 22nd in the Product Complexity Index (PCI).

Description The honing machine is used to create compressive stresses in the surface of a metal by rubbing it against a rotating abrasive surface. The lapping machine is used to remove any scratches or imperfections in a metal surface by rubbing it against a rotating abrasive surface.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Honing or lapping 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$69.5M
Top Destination (2023)China$92.9M

In 2023 Honing or lapping machines were the world's 3259th most traded product (out of 4,644).

In 2023, the top exporters of Honing or lapping machines were Germany ($69.5M), Italy ($51.2M), Japan ($42.8M), China ($36M), and Switzerland ($35.2M).

In 2023, the top importers of Honing or lapping machines were China ($92.9M), India ($20.7M), United States ($17.7M), Germany ($16.8M), and Vietnam ($12.5M).

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Exporters of Honing or lapping machines (2023)
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Importers of Honing or lapping machines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$21.6M
Top Destination Growth (2022 -  2023)China$34.1M

Between 2022 and 2023, the exports of Honing or lapping machines grew the fastest in Germany ($21.6M), Italy ($20M), China ($14.9M), United States ($5.9M), and United Kingdom ($2.48M).

Between 2022 and 2023, the fastest growing importers of Honing or lapping machines were China ($34.1M), Vietnam ($6.01M), Germany ($3.58M), South Korea ($3.2M), and Turkey ($2.72M).

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Exporters of Honing or lapping machines (2022 - 2023)

Importers of Honing or lapping machines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Honing or lapping machines.

In 2023, market concentration measured using Shannon Entropy, was 3.54. This means that most of the exports of Honing or lapping machines are explained by 11 countries.

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Value of Exports in Honing or lapping machines

Net Trade

TOP NET EXPORTER (2023)Germany$52.7M
TOP NET IMPORTER (2023)China$57M

This map shows which countries export or import more of Honing or lapping machines. Each country is colored based on the difference in exports and imports of Honing or lapping machines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Honing or lapping machines were Germany ($52.7M), Italy ($44M), Japan ($37M), Switzerland ($30.1M), and United States ($11.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Honing or lapping machines were China ($57M), India ($17.8M), Vietnam ($12.5M), Thailand ($10.8M), and Mexico ($10.5M).

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 Honing or lapping machines.
It is possible to select the main countries that export or import Honing or lapping machines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Honing or lapping machines 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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