HS Icon Tanks and Armored vehicles

8710 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Tanks and Armored vehicles. In 2020, Tanks and Armored vehicles were the world's 438th most traded product, with a total trade of $5.81B. Between N/A and 2020 the exports of Tanks and Armored vehicles N/A by N/A, from N/A to $5.81B. Trade in Tanks and Armored vehicles represent 0.035% of total world trade.

Tanks and Armored vehicles are a part of Vehicles. They include Tanks and other armoured fighting vehicles.

Exports In 2020 the top exporters of Tanks and Armored vehicles  were Canada ($1.09B), United States ($855M), Belgium ($850M), Germany ($679M), and Switzerland ($437M).

Imports In 2020 the top importers of Tanks and Armored vehicles were Canada ($924M), Saudi Arabia ($912M), Indonesia ($413M), United States ($330M), and Egypt ($270M).

Tariffs In 2018 the average tariff for Tanks and Armored vehicles was 5.99%, making it the 711th lowest tariff using the HS4 product classification.

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Ranking Tanks and Armored vehicles ranks 628th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Tanks and Armored vehicles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Canada, $1.09B

Top Destination (2020): Canada, $924M

Tanks and Armored vehicles are the world's 438th most traded product.

In 2020, the top exporters of Tanks and Armored vehicles were Canada ($1.09B), United States ($855M), Belgium ($850M), Germany ($679M), and Switzerland ($437M).

In 2020, the top importers of Tanks and Armored vehicles were Canada ($924M), Saudi Arabia ($912M), Indonesia ($413M), United States ($330M), and Egypt ($270M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Germany, $300M

Top Destination Growth (2019 - 2020): Lithuania, $203M

Between 2019 and 2020, the exports of Tanks and Armored vehicles grew the fastest in Germany ($300M), Czechia ($171M), Switzerland ($132M), Thailand ($106M), and South Korea ($70.1M).

Between 2019 and 2020, the fastest growing importers of Tanks and Armored vehicles were Lithuania ($203M), Egypt ($119M), Nigeria ($88M), Denmark ($59.3M), and Germany ($42M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Tanks and Armored vehicles.

In 2020,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Tanks and Armored vehicles are explained by 13 countries.

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TOP NET EXPORTER (2020): Belgium, $815M

TOP NET IMPORTER (2020): Saudi Arabia, $909M

This map shows which countries export or import more of Tanks and Armored vehicles. Each country is colored based on the difference in exports and imports of Tanks and Armored vehicles during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Tanks and Armored vehicles were Belgium ($815M), Germany ($541M), United States ($525M), Switzerland ($350M), and Czechia ($234M).

In 2020, the countries that had a largest trade value in imports than in exports of Tanks and Armored vehicles were Saudi Arabia ($909M), Indonesia ($412M), Egypt ($270M), Lithuania ($265M), and Denmark ($182M).

Disaggregation

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Value

In 2020, the world most traded Tanks and Armored vehicles, disaggragated by their HS6 level were Tanks and other armoured fighting vehicles ($5.81B)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Tanks and Armored vehicles.
It is possible to select the main countries that export or import Tanks and Armored vehicles in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Tanks and Armored vehicles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.