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846592 (Harmonized System 1992 for 6-digit)

2023
World Trade $848MRnk 2292 / 4644
2023
Top Exporter | Top Importer $258M | $195MChina | United States
2023
Product Complexity 1.12Rnk 600 / 4656
2022 - 2023
Export Growth (CAGR) -15.2%Rnk 3248 / 4644
2023
Share of World Trade 0.0037%Rnk 2292 / 4644

About

Overview This page contains the latest trade data of Planing and milling machines for wood, cork, etc. In 2023, Planing and milling machines for wood, cork, etc were the world's 2292nd most traded product, with a total trade of $848M. Between 2022 and 2023 the exports of Planing and milling machines for wood, cork, etc decreased by -15.2%, from $999M to $848M. Trade in Planing and milling machines for wood, cork, etc represent 0.0037% of total world trade.

Planing and milling machines for wood, cork, etc are a part of Woodworking machines.

Exports In 2023 the top exporters of Planing and milling machines for wood, cork, etc  were China ($258M), Germany ($153M), Chinese Taipei ($113M), Italy ($82.1M), and Austria ($36.7M).

Imports In 2023 the top importers of Planing and milling machines for wood, cork, etc were United States ($195M), Germany ($46.4M), Russia ($46.2M), Canada ($43.1M), and United Kingdom ($30.6M).

Ranking Planing and milling machines for wood, cork, etc ranks 600th in the Product Complexity Index (PCI).

Description A planing machine is used to remove an even layer from a board. A milling machine is used to cut a board into a desired shape.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Planing and milling machines for wood, cork, etc. 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)China$258M
Top Destination (2023)United States$195M

In 2023 Planing and milling machines for wood, cork, etc were the world's 2292nd most traded product (out of 4,644).

In 2023, the top exporters of Planing and milling machines for wood, cork, etc were China ($258M), Germany ($153M), Chinese Taipei ($113M), Italy ($82.1M), and Austria ($36.7M).

In 2023, the top importers of Planing and milling machines for wood, cork, etc were United States ($195M), Germany ($46.4M), Russia ($46.2M), Canada ($43.1M), and United Kingdom ($30.6M).

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Exporters of Planing and milling machines for wood, cork, etc (2023)
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Importers of Planing and milling machines for wood, cork, etc (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$3.1M
Top Destination Growth (2022 -  2023)Russia$6.29M

Between 2022 and 2023, the exports of Planing and milling machines for wood, cork, etc grew the fastest in Austria ($3.1M), Cyprus ($2.33M), Turkey ($1.45M), Ireland ($1.18M), and South Korea ($1.02M).

Between 2022 and 2023, the fastest growing importers of Planing and milling machines for wood, cork, etc were Russia ($6.29M), Italy ($4.21M), Romania ($3.31M), Kazakhstan ($3.06M), and Spain ($3.02M).

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Exporters of Planing and milling machines for wood, cork, etc (2022 - 2023)

Importers of Planing and milling machines for wood, cork, etc (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Planing and milling machines for wood, cork, etc.

In 2023, market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Planing and milling machines for wood, cork, etc are explained by 11 countries.

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Value of Exports in Planing and milling machines for wood, cork, etc

Net Trade

TOP NET EXPORTER (2023)China$235M
TOP NET IMPORTER (2023)United States$171M

This map shows which countries export or import more of Planing and milling machines for wood, cork, etc. Each country is colored based on the difference in exports and imports of Planing and milling machines for wood, cork, etc during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Planing and milling machines for wood, cork, etc were China ($235M), Chinese Taipei ($112M), Germany ($107M), Italy ($58.3M), and Austria ($15.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Planing and milling machines for wood, cork, etc were United States ($171M), Russia ($45.4M), Vietnam ($29.3M), United Kingdom ($25.5M), and Mexico ($24M).

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 Planing and milling machines for wood, cork, etc.
It is possible to select the main countries that export or import Planing and milling machines for wood, cork, etc in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Planing and milling machines for wood, cork, etc 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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