Overview This page contains the latest trade data of Excavation Machinery. In 2020, Excavation Machinery were the world's 68th most traded product, with a total trade of $49.6B. Between 2019 and 2020 the exports of Excavation Machinery decreased by -15.2%, from $58.5B to $49.6B. Trade in Excavation Machinery represent 0.3% of total world trade.
Excavation Machinery are a part of Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. They include Parts of cranes, work-trucks, shovels, constr machine, Parts of boring or sinking machinery, Parts of lifting/handling machinery nes, Parts of fork-lift etc trucks, Parts of lifts, skip hoist or escalators, Buckets, shovels, grabs etc for excavating machinery, Parts of hoists and winches, and Bulldozer and angledozer blades.
Exports In 2020 the top exporters of Excavation Machinery were China ($8.13B), United States ($5.21B), Germany ($4.61B), Italy ($2.73B), and South Korea ($1.98B).
Imports In 2020 the top importers of Excavation Machinery were United States ($7.17B), Germany ($3.85B), Canada ($2.13B), France ($2.1B), and China ($2.09B).
Tariffs In 2018 the average tariff for Excavation Machinery was 4.67%, making it the 885th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Excavation Machinery are Bahamas (40.2%), Bermuda (35%), Cayman Islands (22%), and Anguilla (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).
Ranking Excavation Machinery ranks 157th in the Product Complexity Index (PCI).
Description Parts suitable for use solely or principally with the machinery of heading 8425 to 8430 are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.