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820760 (Harmonized System 1992 for 6-digit)

2023
World Trade $490MRnk 2880 / 4644
2023
Top Exporter | Top Importer $144M | $78.3MGermany | United States
2023
Product Complexity 1.51Rnk 168 / 4656
2022 - 2023
Export Growth (CAGR) 5.63%Rnk 979 / 4644
2023
Share of World Trade 0.0022%Rnk 2880 / 4644

About

Overview This page contains the latest trade data of Tools for boring or broaching. In 2023, Tools for boring or broaching were the world's 2880th most traded product, with a total trade of $490M. Between 2022 and 2023 the exports of Tools for boring or broaching grew by 5.63%, from $464M to $490M. Trade in Tools for boring or broaching represent 0.0022% of total world trade.

Tools for boring or broaching are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Tools for boring or broaching  were Germany ($144M), United States ($73.9M), Japan ($50.3M), China ($35.9M), and Italy ($21.9M).

Imports In 2023 the top importers of Tools for boring or broaching were United States ($78.3M), Mexico ($56.5M), Germany ($42.8M), China ($34.8M), and Canada ($22.3M).

Ranking Tools for boring or broaching ranks 168th in the Product Complexity Index (PCI).

Description Boring tools are used primarily to create holes in metal. Broaching tools are used to cut semicircular grooves in plates.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tools for boring or broaching. 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$144M
Top Destination (2023)United States$78.3M

In 2023 Tools for boring or broaching were the world's 2880th most traded product (out of 4,644).

In 2023, the top exporters of Tools for boring or broaching were Germany ($144M), United States ($73.9M), Japan ($50.3M), China ($35.9M), and Italy ($21.9M).

In 2023, the top importers of Tools for boring or broaching were United States ($78.3M), Mexico ($56.5M), Germany ($42.8M), China ($34.8M), and Canada ($22.3M).

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Exporters of Tools for boring or broaching (2023)
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Importers of Tools for boring or broaching (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$16.9M
Top Destination Growth (2022 -  2023)United States$8.04M

Between 2022 and 2023, the exports of Tools for boring or broaching grew the fastest in Germany ($16.9M), Italy ($6.51M), United States ($4.98M), Spain ($3.97M), and France ($3.66M).

Between 2022 and 2023, the fastest growing importers of Tools for boring or broaching were United States ($8.04M), Germany ($5.7M), Mexico ($5.43M), Italy ($3.18M), and Turkey ($2.71M).

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Exporters of Tools for boring or broaching (2022 - 2023)

Importers of Tools for boring or broaching (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools for boring or broaching.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Tools for boring or broaching are explained by 14 countries.

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Value of Exports in Tools for boring or broaching

Net Trade

TOP NET EXPORTER (2023)Germany$102M
TOP NET IMPORTER (2023)Mexico$55M

This map shows which countries export or import more of Tools for boring or broaching. Each country is colored based on the difference in exports and imports of Tools for boring or broaching during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tools for boring or broaching were Germany ($102M), Japan ($41.6M), Chinese Taipei ($14.2M), Spain ($7.1M), and Serbia ($4.45M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools for boring or broaching were Mexico ($55M), Canada ($11.1M), Turkey ($10.3M), Thailand ($8.89M), and Vietnam ($6.14M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Tools for boring or broaching.
It is possible to select the main countries that export or import Tools for boring or broaching in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tools for boring or broaching 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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