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Pricing

2023
Exports $963MWorld Rnk 3 / 72
Flag Rnk 253 / 1217
2023
Destination $153M Poland
2022 - 2023
FASTEST GROWING MARKET $153MPoland
2023
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.48Rnk 692 / 1025
2023
Imports $452MWorld Rnk 4 / 127
Flag Rnk 543 / 1215
2023
Origin $29.9M Canada
2022 - 2023
FASTEST GROWING ORIGIN $29.9MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $963M in Tanks and Armored vehicles, making it the 3rd largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 253rd most exported product in United States. The main destination of Tanks and Armored vehicles exports from United States are: Poland ($175M), Israel ($122M), Kuwait ($118M), South Korea ($72.5M), and Germany ($68.2M).

The fastest growing export markets for Tanks and Armored vehicles of United States between 2022 and 2023 were Poland ($153M), South Korea ($58.8M), and Germany ($49.7M).

Imports In 2023, United States imported $452M in Tanks and Armored vehicles, becoming the 4th largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 543rd most imported product in United States. United States imports Tanks and Armored vehicles primarily from: Canada ($221M), Italy ($97.3M), Switzerland ($44.9M), South Korea ($28M), and Israel ($20.5M).

The fastest growing import markets in Tanks and Armored vehicles for United States between 2022 and 2023 were Canada ($29.9M), Italy ($10.7M), and Switzerland ($8.02M).

COMPANIES In 2023, leading companies such as Red Bull (2) and J.C. Bamford (1) were at the forefront of shipping Tanks and Armored vehicles to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Tanks and Armored vehicles exports accounted up to $242M and imports accounted up to $38.2M, resulting in a positive trade balance of $203M. Between November 2023 and November 2024 the exports of United States'   Tanks and Armored vehicles have increased by $170M (236%) from $71.9M to $242M, while imports increased by $1.49M (4.05%) from $36.7M to $38.2M.

Destinations In November 2024, Tanks and Armored vehicles were exported mostly to Chinese Taipei ($137M), Germany ($23.6M), Israel ($22.8M), Poland ($12.3M), and Canada ($9.72M), and were imported mostly from Canada ($18M), Italy ($9.17M), Switzerland ($3.13M), Oman ($1.75M), and South Korea ($1.63M).

Growth In November 2024, the increase in Tanks and Armored vehicles's year-by-year exports was explained primarily by an increase in exports to Thailand ($40.7M or 225k%), Romania ($4.79M or 11.3k%), and Jordan ($2.13M or 440%). In November 2024, the increase in Tanks and Armored vehicles's year-by-year imports was explained primarily by an increase in imports from Canada ($5.34M or 47.6%), Switzerland ($4.04M or 245%), and Italy ($3.14M or 58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$170M(236%)
IMPORT GROWTH (November 2023 - November 2024)$1.49M(4.05%)
MAIN EXPORTER (November 2024)California$155M
MAIN DESTINATION (November 2024)Chinese Taipei$137M

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 (2023)$963M
IMPORTS (2023)$452M
NET TRADE (2023)$511M

In 2023, United States exported $963M in Tanks and Armored vehicles. The main destinations of United States exports on Tanks and Armored vehicles were Poland ($175M), Israel ($122M), Kuwait ($118M), South Korea ($72.5M), and Germany ($68.2M).

In 2023, United States imported $452M in Tanks and Armored vehicles, mainly from Canada ($221M), Italy ($97.3M), Switzerland ($44.9M), South Korea ($28M), and Israel ($20.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR United States WERE (2022 - 2023):
Poland$153M (714%)
South Korea$58.8M (427%)
Germany$49.7M (270%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY United States WERE (2022 - 2023):
Kuwait-$181M (-60.5%)
Saudi Arabia-$103M (-92.9%)
Colombia-$50.1M (-91.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Tanks and Armored vehicles were:
Singapore $9.17B
Canada $1.62B
In 2023, United States's main importing competitors in Tanks and Armored vehicles were:
Nigeria $9.17B
Saudi Arabia $1.11B
Poland $659M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $10.4M
TOP IMPORT POTENTIALCanada+ $31.4M

Tanks and Armored vehicles’s highest export potential is Canada. With an export gap of $10.4M.   Tanks and Armored vehicles’s highest import potential is Canada with an import gap of $31.4M.

See methodology.

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