# Global Rock drilling tool Market 2026

> World exports of rock drilling tool (HS 820713) reached $767.0 million in 2024, 11% less than in 2019. Sweden was the largest exporter with 19% of the world total, and the United States was the largest buyer.

- Publisher: Stratum Market Research
- Page: https://stratummarketresearch.com/reports/rock-drilling-tool-market/
- Sector: Industrial & Trade
- Scope: Global
- Updated: 2026-11-09
- Headline figure: 767.0 USD million (World exports, 2024)

## What this market covers

Interchangeable rock drilling or earth boring tools with working parts of sintered metal carbides or cermets.

Segments: Button bits, Drill rods, Carbide drill bits, Core bits.

Typical buyers: Mining companies, Quarry operators, Drilling contractors.

## Key figures

| Figure | Value | Year |
|---|---|---|
| World exports of rock drilling tool (HS 820713) were worth $767.0 million in 2024. | 767.0 USD million | 2024 |
| World exports were 11% lower in 2024 than in 2019 ($861.0 million), calculated from the annual totals. | -11 % since 2019 | 2024 |
| Sweden was the largest exporter in 2024, with 19% of world exports ($142.9 million). | 19 % of world exports | 2024 |
| The three largest exporters, Sweden, China and the United States, shipped 46% of world exports in 2024. | 46 % of world exports | 2024 |
| The United States was the largest importer in 2024, buying $153.2 million, or 20% of world imports. | 20 % of world imports | 2024 |
| 33 countries exported more than $1 million of this product in 2024. | 33 countries | 2024 |
| The average world export price was about $21.19 per kilogram in 2024, calculated from value and weight. | 21.19 USD per kg | 2024 |
| Countries exported 36.2 thousand tonnes of this product in 2024. | 36.2 thousand tonnes | 2024 |
| Among the ten largest exporters, China grew fastest, with exports up 46% from 2019 to 2024. | +46 % since 2019 | 2024 |

## Why this market is moving now

- World trade shrank 11% from 2019 to 2024, a direct read on cross-border demand.
- China is gaining ground: its exports rose 46% from 2019 to 2024, the fastest among the ten largest exporters.

## Largest exporting countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | Sweden | 142.9 |
| 2 | China | 115.4 |
| 3 | United States | 96.0 |
| 4 | Mexico | 80.3 |
| 5 | India | 70.9 |
| 6 | Germany | 44.9 |
| 7 | Finland | 43.9 |
| 8 | Norway | 19.9 |
| 9 | Singapore | 18.9 |
| 10 | United Kingdom | 18.4 |

## Largest importing countries, 2024

| Rank | Country | Value (USD million) |
|---|---|---|
| 1 | United States | 153.2 |
| 2 | Australia | 58.7 |
| 3 | South Africa | 48.5 |
| 4 | Canada | 39.5 |
| 5 | Mexico | 26.3 |
| 6 | Singapore | 23.6 |
| 7 | Saudi Arabia | 21.3 |
| 8 | Norway | 20.7 |
| 9 | Peru | 18.1 |
| 10 | Brazil | 17.2 |

## World exports of HS 820713, USD million

| Year | Value |
|---|---|
| 2017 | 823.4 |
| 2018 | 878.6 |
| 2019 | 861.0 |
| 2020 | 739.9 |
| 2021 | 816.8 |
| 2022 | 817.4 |
| 2023 | 789.8 |
| 2024 | 767.0 |

## Questions and answers

### How big is the global rock drilling tool market?

There is no single official market total. World exports of HS 820713 reached $767.0 million in 2024, a direct measure of cross-border trade.

### Which countries export the most rock drilling tool?

Sweden led world exports in 2024 with 19% of the total, followed by China, the United States and Mexico.

### Which countries import the most rock drilling tool?

The United States was the largest importer in 2024, followed by Australia, South Africa and Canada.

### Is world trade in rock drilling tool growing?

World exports were 11% lower in 2024 than in 2019.

### What is the average export price of rock drilling tool?

Dividing world export value by weight gives about $21.19 per kilogram in 2024.

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## How to cite

Stratum Market Research, "Global Rock drilling tool Market 2026", updated 9 Nov 2026, https://stratummarketresearch.com/reports/rock-drilling-tool-market/