2022
Exports
$15.1BWorld Rnk 1 / 221
Flag Rnk 51 / 1216
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$1.76BWorld Rnk 10 / 224
Flag Rnk 156 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $15.1B in Excavation Machinery, making it the 1st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 51st most exported product in China. The main destination of Excavation Machinery exports from China are: United States ($2.75B), Japan ($1.83B), South Korea ($682M), Brazil ($678M), and Australia ($599M).

The fastest growing export markets for Excavation Machinery of China between 2021 and 2022 were United States ($659M), Russia ($204M), and Brazil ($194M).

Imports In 2022, China imported $1.76B in Excavation Machinery, becoming the 10th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 156th most imported product in China. China imports Excavation Machinery primarily from: Germany ($326M), Japan ($294M), South Korea ($197M), United States ($157M), and Italy ($92.7M).

The fastest growing import markets in Excavation Machinery for China between 2021 and 2022 were Poland ($23.6M), United States ($9.92M), and Chinese Taipei ($7.44M).

COMPANIES In 2023, leading companies such as Konecranes (331), Schindler Elevators (329), and CNH Industrial (103) were at the forefront of shipping Excavation Machinery from China to the United States.

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$-118M(-9.1%)
IMPORT GROWTH (April 2023 - April 2024)$-27.4M(-17.6%)
MAIN EXPORTER (April 2024)Jiangsu Province$313M
MAIN DESTINATION (April 2024)United States$180M

This section shows Excavation Machinery's exports and imports data at subnational level for China. 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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.1B
IMPORTS (2022)$1.76B
NET TRADE (2022)$13.4B

In 2022, China exported $15.1B in Excavation Machinery. The main destinations of China exports on Excavation Machinery were United States ($2.75B), Japan ($1.83B), South Korea ($682M), Brazil ($678M), and Australia ($599M).

In 2022, China imported $1.76B in Excavation Machinery, mainly from Germany ($326M), Japan ($294M), South Korea ($197M), United States ($157M), and Italy ($92.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$659M (31.5%)
Russia$204M (63.8%)
Brazil$194M (39.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY China WERE (2021 - 2022):
Hong Kong-$53.5M (-22.9%)
Ukraine-$8.21M (-49.6%)
Senegal-$6.61M (-42.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Excavation Machinery were:
In 2022, China's main importing competitors in Excavation Machinery were:

Explore Visualizations

Trade Value of Excavation Machinery by Exporters

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