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820713 (Harmonized System 1996 for 6-digit)

2023
World Trade $763MRnk 2470 / 4766
2023
Top Exporter | Top Importer $150M | $142MSweden | United States
2023
Product Complexity -0.085Rnk 2758 / 4780
2022 - 2023
Export Growth (CAGR) -7.65%Rnk 2499 / 4766
2023
Share of World Trade 0.0034%Rnk 2470 / 4766

About

Overview This page contains the latest trade data of Interchangeable rock drilling tools with cermet components. In 2023, Interchangeable rock drilling tools with cermet components were the world's 2470th most traded product, with a total trade of $763M. Between 2022 and 2023 the exports of Interchangeable rock drilling tools with cermet components decreased by -7.65%, from $826M to $763M. Trade in Interchangeable rock drilling tools with cermet components represent 0.0034% of total world trade.

Interchangeable rock drilling tools with cermet components are a part of Tools, interchangeable; for hand tools, whether or not power-operated, or for machine....

Exports In 2023 the top exporters of Interchangeable rock drilling tools with cermet components  were Sweden ($150M), China ($116M), Mexico ($88.6M), United States ($87.2M), and India ($73.1M).

Imports In 2023 the top importers of Interchangeable rock drilling tools with cermet components were United States ($142M), Australia ($58.2M), Canada ($49.2M), South Africa ($46.1M), and Saudi Arabia ($25.9M).

Ranking Interchangeable rock drilling tools with cermet components ranks 2758th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Interchangeable rock drilling tools with cermet components. 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$150M
Top Destination (2023)United States$142M

In 2023 Interchangeable rock drilling tools with cermet components were the world's 2470th most traded product (out of 4,766).

In 2023, the top exporters of Interchangeable rock drilling tools with cermet components were Sweden ($150M), China ($116M), Mexico ($88.6M), United States ($87.2M), and India ($73.1M).

In 2023, the top importers of Interchangeable rock drilling tools with cermet components were United States ($142M), Australia ($58.2M), Canada ($49.2M), South Africa ($46.1M), and Saudi Arabia ($25.9M).

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Exporters of Interchangeable rock drilling tools with cermet components (2023)
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Importers of Interchangeable rock drilling tools with cermet components (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Norway$5.91M
Top Destination Growth (2022 -  2023)Saudi Arabia$11.9M

Between 2022 and 2023, the exports of Interchangeable rock drilling tools with cermet components grew the fastest in Norway ($5.91M), United Kingdom ($1.42M), United Arab Emirates ($1.41M), Thailand ($1.28M), and Spain ($938k).

Between 2022 and 2023, the fastest growing importers of Interchangeable rock drilling tools with cermet components were Saudi Arabia ($11.9M), Italy ($3.12M), Greece ($2.93M), Hong Kong ($2.42M), and Liberia ($2.13M).

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Exporters of Interchangeable rock drilling tools with cermet components (2022 - 2023)

Importers of Interchangeable rock drilling tools with cermet components (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Interchangeable rock drilling tools with cermet components.

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Interchangeable rock drilling tools with cermet components are explained by 14 countries.

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Value of Exports in Interchangeable rock drilling tools with cermet components

Net Trade

TOP NET EXPORTER (2023)Sweden$130M
TOP NET IMPORTER (2023)United States$54.9M

This map shows which countries export or import more of Interchangeable rock drilling tools with cermet components. Each country is colored based on the difference in exports and imports of Interchangeable rock drilling tools with cermet components during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Interchangeable rock drilling tools with cermet components were Sweden ($130M), China ($112M), Mexico ($75.3M), India ($62.4M), and Finland ($32.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Interchangeable rock drilling tools with cermet components were United States ($54.9M), Australia ($47.6M), Canada ($39.6M), South Africa ($28.2M), and Saudi Arabia ($23.6M).

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 Interchangeable rock drilling tools with cermet components.
It is possible to select the main countries that export or import Interchangeable rock drilling tools with cermet components in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Interchangeable rock drilling tools with cermet components 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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