Drill bits trade by country: top importers, exporters and prices
World trade in drill bits was worth $4.71 billion in 2024, about 211.2 thousand tonnes. That is an increase of 20% since 2017, and up 3% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.71B | 211.2K t |
| 2023 | $4.58B | 191.4K t |
| 2022 | $4.73B | 210.6K t |
| 2021 | $4.94B | 198.8K t |
| 2020 | $3.97B | 158.0K t |
| 2019 | $4.29B | 162.1K t |
| 2018 | $4.35B | 157.1K t |
| 2017 | $3.92B | 157.5K t |
Top drill bits exporting countries
Exports are led by China (30%), Germany (26%) and Japan (4%). 178 countries reported exports, and the top three account for 60%.
| Exporter | Value | Share |
|---|---|---|
| China | $1.40B | 30% |
| Germany | $1.22B | 26% |
| Japan | $209.5M | 4.4% |
| Switzerland | $203.2M | 4.3% |
| United States | $201.0M | 4.3% |
| Slovenia | $159.9M | 3.4% |
| South Korea | $113.2M | 2.4% |
| France | $111.4M | 2.4% |
| Austria | $93.0M | 2% |
| Netherlands | $86.3M | 1.8% |
| Taiwan | $75.0M | 1.6% |
| Thailand | $73.9M | 1.6% |
Top importing countries and buyer markets
The United States is the biggest buyer with 14% of world imports, ahead of Germany and Switzerland. Demand is spread widely: the top three take 32% across 220 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $640.2M | 14% |
| Germany | $614.9M | 13% |
| Switzerland | $239.2M | 5.1% |
| France | $165.9M | 3.5% |
| Italy | $160.5M | 3.4% |
| Netherlands | $158.6M | 3.4% |
| Mexico | $142.7M | 3% |
| Russia | $141.2M | 3% |
| China | $140.0M | 3% |
| Canada | $132.0M | 2.8% |
| Poland | $126.0M | 2.7% |
| United Kingdom | $120.3M | 2.6% |
Average price per kg
The world average declared value was about $22.32 per kg in 2024. Among the main exporters, Japan averaged $139.16 per kg and China $10.26 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Drill bits (HS 8207.50) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 8207.50: Tools, interchangeable: (for machine or hand tools, whether or not power-operated), tools for drilling (other than rock). HS 8207 codes.
Common questions
Which countries export the most drill bits?
China exported $1.40 billion in 2024, 30% of the world total, followed by Germany (26%) and Japan (4%). In all, 178 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most drill bits?
The United States imported $640.2 million in 2024, 14% of world imports, ahead of Germany (13%) and Switzerland (5%). The top three importers together take 32%. Each country with its own page is linked from the table.
How big is the world trade in drill bits?
It was worth $4.71 billion in 2024, about 211.2 thousand tonnes. That is an increase of 20% since 2017. The peak year was 2021 at $4.94 billion. 178 countries reported exports and 220 reported imports.
What is the average price of drill bits per kg?
The world average declared value was about $22.32 per kg in 2024. Among the main exporters, Japan averaged $139.16 per kg and China $10.26 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for drill bits?
The HS code for drill bits is subheading 8207.50, in chapter 82 (tools, implements, cutlery, spoons and forks, of base metal; parts thereof, of base metal). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 8207 page.
How can I find drill bits buyers and suppliers?
EximDataX shows the importers and exporters of drill bits by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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