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2022
Exports $5.24BWorld Rnk 3 / 185
Flag Rnk 69 / 1217
2022
Destination $773M Canada
2021 - 2022
FASTEST GROWING MARKET $773MCanada
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $10.7BWorld Rnk 1 / 222
Flag Rnk 64 / 1216
2022
Origin $1.31B Japan
2021 - 2022
FASTEST GROWING ORIGIN $1.31BJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.24B in Large Construction Vehicles, making it the 3rd largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 69th most exported product in United States. The main destination of Large Construction Vehicles exports from United States are: Canada ($2.8B), Australia ($539M), Mexico ($298M), Chile ($220M), and Italy ($80.6M).

The fastest growing export markets for Large Construction Vehicles of United States between 2021 and 2022 were Canada ($773M), Chile ($64.3M), and Australia ($58.7M).

Imports In 2022, United States imported $10.7B in Large Construction Vehicles, becoming the 1st largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 64th most imported product in United States. United States imports Large Construction Vehicles primarily from: Japan ($5.6B), Brazil ($1.11B), South Korea ($844M), China ($720M), and Germany ($546M).

The fastest growing import markets in Large Construction Vehicles for United States between 2021 and 2022 were Japan ($1.31B), China ($263M), and South Korea ($247M).

COMPANIES In 2023, leading companies such as John Deere (2.51k), Kubota (1.1k), and CNH Industrial (640) were at the forefront of shipping Large Construction Vehicles to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Large Construction Vehicles exports accounted up to $343M and imports accounted up to $858M, resulting in a negative trade balance of $515M. Between August 2023 and August 2024 the exports of United States'   Large Construction Vehicles have decreased by $-230M (-40.1%) from $573M to $343M, while imports decreased by $-193M (-18.4%) from $1.05B to $858M.

Destinations In August 2024, Large Construction Vehicles were exported mostly to Canada ($195M), Mexico ($36.7M), Australia ($25M), Chile ($13.5M), and Colombia ($6.57M), and were imported mostly from Japan ($411M), Brazil ($82.2M), South Korea ($63.7M), United Kingdom ($49.3M), and China ($48.5M).

Growth In August 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Italy ($-4.98M or -73.6%), Egypt ($-3.06M or -58.2%), and Belgium ($-2.92M or -44.8%). In August 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-1.31M or -43.9%), China ($-338k or -0.47%), and Ireland ($-153k or -45.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-230M(-40.1%)
IMPORT GROWTH (August 2023 - August 2024)$-193M(-18.4%)
MAIN EXPORTER (August 2024)Illinois$101M
MAIN DESTINATION (August 2024)Canada$195M

This section shows Large Construction 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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.24B
IMPORTS (2022)$10.7B
NET TRADE (2022)-$5.47B

In 2022, United States exported $5.24B in Large Construction Vehicles. The main destinations of United States exports on Large Construction Vehicles were Canada ($2.8B), Australia ($539M), Mexico ($298M), Chile ($220M), and Italy ($80.6M).

In 2022, United States imported $10.7B in Large Construction Vehicles, mainly from Japan ($5.6B), Brazil ($1.11B), South Korea ($844M), China ($720M), and Germany ($546M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$773M (38.2%)
Chile$64.3M (41.4%)
Australia$58.7M (12.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY United States WERE (2021 - 2022):
Russia-$75.1M (-93%)
Brazil-$62.5M (-46.2%)
Peru-$59.4M (-43.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Large Construction Vehicles were:
China $14.3B
Japan $13B
In 2022, United States's main importing competitors in Large Construction Vehicles were:
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 POTENTIALMexico+ $55.8M
TOP IMPORT POTENTIALChina+ $425M

Large Construction Vehicles’s highest export potential is Mexico. With an export gap of $55.8M.   Large Construction Vehicles’s highest import potential is China with an import gap of $425M.

See methodology.

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