2022
Exports
$6.47BWorld Rnk 2 / 221
Flag Rnk 50 / 1217
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$11.6BWorld Rnk 1 / 224
Flag Rnk 55 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $6.47B in Excavation Machinery, making it the 2nd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 50th most exported product in United States. The main destination of Excavation Machinery exports from United States are: Canada ($1.98B), Mexico ($830M), Australia ($369M), Chile ($331M), and Brazil ($271M).

The fastest growing export markets for Excavation Machinery of United States between 2021 and 2022 were Canada ($223M), Mexico ($190M), and Chile ($147M).

Imports In 2022, United States imported $11.6B in Excavation Machinery, becoming the 1st largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 55th most imported product in United States. United States imports Excavation Machinery primarily from: China ($2.75B), Mexico ($1.87B), Canada ($1.77B), Japan ($780M), and South Korea ($605M).

The fastest growing import markets in Excavation Machinery for United States between 2021 and 2022 were China ($659M), Mexico ($302M), and Canada ($223M).

COMPANIES In 2023, leading companies such as Schindler Elevators (986), J.C. Bamford (917), and Konecranes (674) were at the forefront of shipping Excavation Machinery to the United States.

Latest Trends

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-95.4M(-12.7%)
IMPORT GROWTH (March 2023 - March 2024)$-73.4M(-7.01%)
MAIN EXPORTER (March 2024)Texas$243M
MAIN DESTINATION (March 2024)Canada$192M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.47B
IMPORTS (2022)$11.6B
NET TRADE (2022)-$5.17B

In 2022, United States exported $6.47B in Excavation Machinery. The main destinations of United States exports on Excavation Machinery were Canada ($1.98B), Mexico ($830M), Australia ($369M), Chile ($331M), and Brazil ($271M).

In 2022, United States imported $11.6B in Excavation Machinery, mainly from China ($2.75B), Mexico ($1.87B), Canada ($1.77B), Japan ($780M), and South Korea ($605M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$223M (12.7%)
Mexico$190M (29.7%)
Chile$147M (79.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY United States WERE (2021 - 2022):
Trinidad and Tobago-$69.7M (-62.6%)
Russia-$51.3M (-74.2%)
Guyana-$24.5M (-54.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Excavation Machinery were:
China $15.1B
Germany $5.45B
In 2022, United States's main importing competitors in Excavation Machinery were:
Germany $5.17B
Canada $3.26B

Explore Visualizations

Trade Value of Excavation Machinery by Exporters

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