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Pricing

2022
Exports | Imports $954M | $379MWorld Rnk 1 / 78
Flag Rnk 268 / 1217
World Rnk 2 / 130
Flag Rnk 621 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $125M | $41.7MKuwait |  Canada
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.43Rnk 678 / 1025

About

Exports In 2022, United States exported $954M in Tanks and Armored vehicles, making it the 1st largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 268th most exported product in United States. The main destination of Tanks and Armored vehicles exports from United States are: Kuwait ($299M), Saudi Arabia ($110M), Israel ($82.2M), Canada ($74.4M), and Colombia ($54.8M).

The fastest growing export markets for Tanks and Armored vehicles of United States between 2021 and 2022 were Kuwait ($125M), Thailand ($51.8M), and Colombia ($45.8M).

Imports In 2022, United States imported $379M in Tanks and Armored vehicles, becoming the 2nd largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 621st most imported product in United States. United States imports Tanks and Armored vehicles primarily from: Canada ($222M), Italy ($86.7M), Germany ($15.7M), Israel ($15.4M), and South Korea ($7.86M).

The fastest growing import markets in Tanks and Armored vehicles for United States between 2021 and 2022 were Canada ($41.7M), Italy ($14.5M), and Israel ($3.93M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Tanks and Armored vehicles to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Tanks and Armored vehicles exports accounted up to $87.7M and imports accounted up to $36.4M, resulting in a positive trade balance of $51.3M. Between January 2023 and January 2024 the exports of United States'   Tanks and Armored vehicles have decreased by $-14.1M (-13.8%) from $102M to $87.7M, while imports decreased by $-596k (-1.61%) from $37M to $36.4M.

Destinations In January 2024, Tanks and Armored vehicles were exported mostly to Israel ($38.5M), Poland ($12.9M), South Korea ($12.4M), Canada ($5.94M), and Turkey ($3.36M), and were imported mostly from Canada ($18.2M), Italy ($7.12M), Switzerland ($3.35M), Israel ($3.1M), and South Korea ($2.33M).

Growth In January 2024, the decrease in Tanks and Armored vehicles's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-45.5M or -91.7%), Kuwait ($-37.4M or -77%), and Taiwan ($-1.51M or -47%). In January 2024, the decrease in Tanks and Armored vehicles's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-1.44M or -47.3%), United Kingdom ($-1.41M or -92.6%), and Germany ($-1M or -44.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$-14.1M(-13.8%)
IMPORT GROWTH (January 2023 - January 2024)$-596k(-1.61%)
MAIN EXPORTER (January 2024)Wisconsin$23.8M
MAIN DESTINATION (January 2024)Israel$38.5M

This section shows Tanks and Armored vehicles's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Tanks and Armored vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$954M
IMPORTS (2022)$379M
NET TRADE (2022)$576M

In 2022, United States exported $954M in Tanks and Armored vehicles. The main destinations of United States exports on Tanks and Armored vehicles were Kuwait ($299M), Saudi Arabia ($110M), Israel ($82.2M), Canada ($74.4M), and Colombia ($54.8M).

In 2022, United States imported $379M in Tanks and Armored vehicles, mainly from Canada ($222M), Italy ($86.7M), Germany ($15.7M), Israel ($15.4M), and South Korea ($7.86M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kuwait$125M (72.1%)
Thailand$51.8M (2.06k%)
Colombia$45.8M (513%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY United States WERE (2021 - 2022):
Chinese Taipei-$89.1M (-90.2%)
Romania-$80.8M (-99.9%)
Saudi Arabia-$51.6M (-31.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Tanks and Armored vehicles were:
Canada $954M
Germany $377M
In 2022, United States's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

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