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2022
Exports $14.3BWorld Rnk 1 / 185
Flag Rnk 52 / 1216
2022
Destination $832M Russia
2021 - 2022
FASTEST GROWING MARKET $832MRussia
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $200MWorld Rnk 52 / 222
Flag Rnk 520 / 1212
2022
Origin $19.6M Japan
2021 - 2022
FASTEST GROWING ORIGIN $19.6MSingapore
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $14.3B in Large Construction Vehicles, making it the 1st largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 52nd most exported product in China. The main destination of Large Construction Vehicles exports from China are: Russia ($1.71B), Indonesia ($1.5B), Belgium ($997M), United States ($720M), and Vietnam ($621M).

The fastest growing export markets for Large Construction Vehicles of China between 2021 and 2022 were Russia ($832M), Indonesia ($555M), and Vietnam ($394M).

Imports In 2022, China imported $200M in Large Construction Vehicles, becoming the 52nd largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 520th most imported product in China. China imports Large Construction Vehicles primarily from: Japan ($45.8M), South Korea ($41.1M), Singapore ($27.3M), United States ($14.6M), and Hong Kong ($13.6M).

The fastest growing import markets in Large Construction Vehicles for China between 2021 and 2022 were Singapore ($19.6M), China ($8.89M), and Sweden ($2.64M).

COMPANIES In 2023, leading companies such as Bridgestone Tires (204), John Deere (96), and Walgreens (95) were at the forefront of shipping Large Construction Vehicles from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Large Construction Vehicles exports accounted up to $1.26B and imports accounted up to $49M, resulting in a positive trade balance of $1.21B. Between October 2023 and October 2024 the exports of China's   Large Construction Vehicles have increased by $286M (29.4%) from $973M to $1.26B, while imports increased by $32.4M (195%) from $16.6M to $49M.

Destinations In October 2024, Large Construction Vehicles were exported mostly to Russia ($186M), Indonesia ($132M), Belgium ($67.5M), Brazil ($49.5M), and United States ($48.4M), and were imported mostly from Japan ($35.4M), United States ($5.28M), France ($2.65M), Finland ($2.16M), and Sweden ($1.9M).

Growth In October 2024, the increase in Large Construction Vehicles's year-by-year exports was explained primarily by an increase in exports to Russia ($96.7M or 117%), Saudi Arabia ($65.1M or 435%), and United States ($42.1M or 106%). In October 2024, the increase in Large Construction Vehicles's year-by-year imports was explained primarily by an increase in imports from South Korea ($10.3M or 120%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$286M(29.4%)
IMPORT GROWTH (October 2023 - October 2024)$32.4M(195%)
MAIN EXPORTER (October 2024)Jiangsu Province$465M
MAIN DESTINATION (October 2024)Russia$186M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.3B
IMPORTS (2022)$200M
NET TRADE (2022)$14.1B

In 2022, China exported $14.3B in Large Construction Vehicles. The main destinations of China exports on Large Construction Vehicles were Russia ($1.71B), Indonesia ($1.5B), Belgium ($997M), United States ($720M), and Vietnam ($621M).

In 2022, China imported $200M in Large Construction Vehicles, mainly from Japan ($45.8M), South Korea ($41.1M), Singapore ($27.3M), United States ($14.6M), and Hong Kong ($13.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$832M (95.1%)
Indonesia$555M (58.9%)
Vietnam$394M (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY China WERE (2021 - 2022):
Ukraine-$54.3M (-67.3%)
Peru-$44.6M (-31.5%)
Mali-$35.1M (-89%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Large Construction Vehicles were:
Japan $13B
United States $5.24B
In 2022, China's main importing competitors in Large Construction Vehicles were:
United States $10.7B
Canada $4.04B
Australia $2.75B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $425M
TOP IMPORT POTENTIALJapan+ $50.2M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $425M.   Large Construction Vehicles’s highest import potential is Japan with an import gap of $50.2M.

See methodology.

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