Armored vehicles8710 (Harmonized System 1992 for 4-digit)
2020 World Trade: $5.81B, Rnk 438 / 1217
2020 Top Exporter | Top Importer: $1.09B | $924M, Canada | Canada
2020 Product Complexity: -0.25, Rnk 628 / 1028
2019 - 2020 Export Growth (CAGR): -9.17%, Rnk 698 / 1217
2018 Mean Tariff: 5.99%, Rnk 711 / 1259
2020 Share of World Trade: 0.035%, Rnk 438 / 1217
Overview This page contains the latest trade data of Armored vehicles. In 2020, Armored vehicles were the world's 438th most traded product, with a total trade of $5.81B. Between 2019 and 2020 the exports of Armored vehicles decreased by -9.17%, from $6.4B to $5.81B. Trade in Armored vehicles represent 0.035% of total world trade.
Armored vehicles are a part of Vehicles and their parts. They include Tanks and other armoured fighting vehicles.
Exports In 2020 the top exporters of Armored vehicles were Canada ($1.09B), United States ($855M), Belgium ($850M), Germany ($679M), and Switzerland ($437M).
Imports In 2020 the top importers of Armored vehicles were Canada ($924M), Saudi Arabia ($912M), Indonesia ($413M), United States ($330M), and Egypt ($270M).
Tariffs In 2018 the average tariff for Armored vehicles was 5.99%, making it the 711th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Armored vehicles are Bhutan (97.8%), Nauru (45%), Bermuda (35%), and Maldives (34.2%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Egypt (0%), Ethiopia (0%), and Kenya (0%).
Ranking Armored vehicles ranks 628th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on 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.
Trade By Country
Armored vehicles are the world's 438th most traded product.
In 2020, the top exporters of Armored vehicles were Canada ($1.09B), United States ($855M), Belgium ($850M), Germany ($679M), and Switzerland ($437M).
In 2020, the top importers of Armored vehicles were Canada ($924M), Saudi Arabia ($912M), Indonesia ($413M), United States ($330M), and Egypt ($270M).
Trade by country
Top Origin Growth (2019 - 2020): Germany, $300M
Top Destination Growth (2019 - 2020): Lithuania, $203M
Between 2019 and 2020, the exports of 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 Armored vehicles were Lithuania ($203M), Egypt ($119M), Nigeria ($88M), Denmark ($59.3M), and Germany ($42M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Armored vehicles.
In 2020, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Armored vehicles are explained by 13 countries.
TOP NET EXPORTER (2020): Belgium, $815M
TOP NET IMPORTER (2020): Saudi Arabia, $909M
This map shows which countries export or import more of Armored vehicles. Each country is colored based on the difference in exports and imports of Armored vehicles during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of 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 Armored vehicles were Saudi Arabia ($909M), Indonesia ($412M), Egypt ($270M), Lithuania ($265M), and Denmark ($182M).
In 2019, the world most traded Armored vehicles, disaggragated by their HS6 level were Tanks and other armoured fighting vehicles ($5.81B)
This visualization shows the countries that have an important ratio of their trade related to Armored vehicles. It is possible to select the main countries that export or import Armored vehicles in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Armored vehicles was 5.99%. The countries with the highest tariffs for importing Armored vehicles were Bhutan (97.8%), Nauru (45%), Bermuda (35%), and Maldives (34.2%).
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.
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