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845941 (Harmonized System 2017 for 6-digit)

2023
World Trade $115MRnk 4429 / 5380
2023
Top Exporter | Top Importer $40.8M | $24MGermany | China
2023
Product Complexity 1.02Rnk 855 / 5381
2022 - 2023
Export Growth (CAGR) 76.6%Rnk 63 / 5380
2023
Share of World Trade 0.00051%Rnk 4429 / 5380

About

Overview This page contains the latest trade data of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459. In 2023, Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were the world's 4429th most traded product, with a total trade of $115M. Between 2022 and 2023 the exports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 grew by 76.6%, from $64.9M to $115M. Trade in Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 represent 0.00051% of total world trade.

Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 are a part of Machine-tools; (including way-type unit head machines) for drilling, boring, milling, threading or....

Exports In 2023 the top exporters of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459  were Germany ($40.8M), China ($15.5M), South Korea ($13.2M), Japan ($8.28M), and Czechia ($5.19M).

Imports In 2023 the top importers of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were China ($24M), Mexico ($14M), United States ($10.1M), India ($6.21M), and Russia ($5.51M).

Ranking Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 ranks 855th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459. 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$40.8M
Top Destination (2023)China$24M

In 2023 Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were the world's 4429th most traded product (out of 5,380).

In 2023, the top exporters of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were Germany ($40.8M), China ($15.5M), South Korea ($13.2M), Japan ($8.28M), and Czechia ($5.19M).

In 2023, the top importers of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were China ($24M), Mexico ($14M), United States ($10.1M), India ($6.21M), and Russia ($5.51M).

Explore Visualizations

Exporters of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 (2023)
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Importers of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$35.9M
Top Destination Growth (2022 -  2023)Mexico$12.2M

Between 2022 and 2023, the exports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 grew the fastest in Germany ($35.9M), China ($10.8M), Spain ($2.14M), Australia ($2.04M), and Kyrgyzstan ($1.61M).

Between 2022 and 2023, the fastest growing importers of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were Mexico ($12.2M), China ($11.2M), Saudi Arabia ($4.19M), Spain ($4.11M), and Russia ($3.43M).

Explore Visualizations

Exporters of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 (2022 - 2023)

Importers of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459.

In 2023, market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 are explained by 10 countries.

Explore Visualizations

Value of Exports in Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459

Net Trade

TOP NET EXPORTER (2023)Germany$39.7M
TOP NET IMPORTER (2023)China$8.46M

This map shows which countries export or import more of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459. Each country is colored based on the difference in exports and imports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were Germany ($39.7M), South Korea ($12.5M), Japan ($7.85M), Czechia ($5.1M), and Chinese Taipei ($2.64M).

In 2023, the countries that had a largest trade value in imports than in exports of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 were China ($8.46M), United States ($6.36M), Russia ($5.04M), Saudi Arabia ($3.32M), and India ($2.87M).

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 Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459.
It is possible to select the main countries that export or import Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Machine-tools; for boring by removing metal, numerically controlled boring machines, n.e.c. in heading 8459 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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