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845961 (Harmonized System 1992 for 6-digit)

2022
World Trade $934MRnk 2277 / 4648
2022
Top Exporter | Top Importer $256M | $150MGermany | China
2022
Product Complexity 1.55Rnk 157 / 4653
2021 - 2022
Export Growth (CAGR) -9.33%Rnk 3912 / 4648
2022
Share of World Trade 0.0039%Rnk 2277 / 4648

About

Overview This page contains the latest trade data of Milling machines nes, num controlled for metal. In 2022, Milling machines nes, num controlled for metal were the world's 2277th most traded product, with a total trade of $934M. Between 2021 and 2022 the exports of Milling machines nes, num controlled for metal decreased by -9.33%, from $1.03B to $934M. Trade in Milling machines nes, num controlled for metal represent 0.0039% of total world trade.

Milling machines nes, num controlled for metal are a part of Drilling Machines.

Exports In 2022 the top exporters of Milling machines nes, num controlled for metal  were Germany ($256M), Spain ($220M), Japan ($68.1M), China ($68M), and Italy ($64.2M).

Imports In 2022 the top importers of Milling machines nes, num controlled for metal were China ($150M), Germany ($98.4M), Italy ($85.6M), United States ($81.9M), and France ($41.7M).

Ranking Milling machines nes, num controlled for metal ranks 157th in the Product Complexity Index (PCI).

Description A milling machine is a machine that carves and shapes metal using a rotating cutting tool. A milling machine can be used to cut a shape or hole in a piece of metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Milling machines nes, num controlled for metal. 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 (2022)Germany$256M
Top Destination (2022)China$150M

In 2022 Milling machines nes, num controlled for metal were the world's 2277th most traded product (out of 4,648).

In 2022, the top exporters of Milling machines nes, num controlled for metal were Germany ($256M), Spain ($220M), Japan ($68.1M), China ($68M), and Italy ($64.2M).

In 2022, the top importers of Milling machines nes, num controlled for metal were China ($150M), Germany ($98.4M), Italy ($85.6M), United States ($81.9M), and France ($41.7M).

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Exporters of Milling machines nes, num controlled for metal (2022)
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Importers of Milling machines nes, num controlled for metal (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Spain$35.3M
Top Destination Growth (2021 -  2022)Italy$37.4M

Between 2021 and 2022, the exports of Milling machines nes, num controlled for metal grew the fastest in Spain ($35.3M), Netherlands ($15.4M), Japan ($7.03M), China ($6.8M), and Poland ($3.89M).

Between 2021 and 2022, the fastest growing importers of Milling machines nes, num controlled for metal were Italy ($37.4M), Germany ($18.3M), France ($16.7M), Belgium ($7.09M), and Vietnam ($6.52M).

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Exporters of Milling machines nes, num controlled for metal (2021 - 2022)

Importers of Milling machines nes, num controlled for metal (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Milling machines nes, num controlled for metal.

In 2022, market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Milling machines nes, num controlled for metal are explained by 10 countries.

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Value of Exports in Milling machines nes, num controlled for metal

Net Trade

TOP NET EXPORTER (2022)Spain$210M
TOP NET IMPORTER (2022)China$82.4M

This map shows which countries export or import more of Milling machines nes, num controlled for metal. Each country is colored based on the difference in exports and imports of Milling machines nes, num controlled for metal during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Milling machines nes, num controlled for metal were Spain ($210M), Germany ($158M), Chinese Taipei ($46.1M), Japan ($44.1M), and Poland ($24.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Milling machines nes, num controlled for metal were China ($82.4M), United States ($58.5M), Turkey ($36M), France ($35.4M), and Vietnam ($27.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Milling machines nes, num controlled for metal.
It is possible to select the main countries that export or import Milling machines nes, num controlled for metal in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milling machines nes, num controlled for metal 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 (2022)

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