Large Construction Vehicles2020 World Trade: $38.9B, Rnk 90 / 1217
2020 Top Exporter | Top Importer: $8.24B | $5.75B, Japan | United States
2020 Product Complexity: 0.78, Rnk 245 / 1028
2019 - 2020 Export Growth (CAGR): -16.6%, Rnk 945 / 1217
2018 Mean Tariff: 4.62%, Rnk 898 / 1259
2020 Share of World Trade: 0.23%, Rnk 90 / 1217
Overview This page contains the latest trade data of Large Construction Vehicles. In 2020, Large Construction Vehicles were the world's 90th most traded product, with a total trade of $38.9B. Between 2019 and 2020 the exports of Large Construction Vehicles decreased by -16.6%, from $46.7B to $38.9B. Trade in Large Construction Vehicles represent 0.23% of total world trade.
Large Construction Vehicles are a part of Machinery, mechanical appliances, & parts. They include Shovels and excavators with revolving superstructure, Front end shovel loaders, Earth moving/road making equipment, self-propelled ne, Bulldozers and angledozers, crawler type, Tamping machines and road rollers, self- propelled, Graders and levellers, self-propelled, Bulldozers and angledozers, wheeled, and Scrapers, self-propelled.
Exports In 2020 the top exporters of Large Construction Vehicles were Japan ($8.24B), China ($5.05B), United States ($3.71B), Germany ($3.24B), and South Korea ($2.98B).
Imports In 2020 the top importers of Large Construction Vehicles were United States ($5.75B), Germany ($2.38B), Canada ($2.12B), Netherlands ($1.81B), and Belgium ($1.65B).
Tariffs In 2018 the average tariff for Large Construction Vehicles was 4.62%, making it the 898th lowest tariff using the HS4 product classification.
Ranking Large Construction Vehicles ranks 245th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Large Construction 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
Top Origin (2020): Japan, $8.24B
Top Destination (2020): United States, $5.75B
Large Construction Vehicles are the world's 90th most traded product.
In 2020, the top exporters of Large Construction Vehicles were Japan ($8.24B), China ($5.05B), United States ($3.71B), Germany ($3.24B), and South Korea ($2.98B).
In 2020, the top importers of Large Construction Vehicles were United States ($5.75B), Germany ($2.38B), Canada ($2.12B), Netherlands ($1.81B), and Belgium ($1.65B).
Trade by country
Between 2019 and 2020, the exports of Large Construction Vehicles grew the fastest in Belgium ($102M), Switzerland ($50M), Norway ($39.9M), Saudi Arabia ($32.3M), and Australia ($24.4M).
Between 2019 and 2020, the fastest growing importers of Large Construction Vehicles were Turkey ($200M), Thailand ($127M), Ghana ($115M), Burma ($64.8M), and Israel ($64.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Large Construction Vehicles.
In 2020, market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Large Construction Vehicles are explained by 17 countries.
TOP NET EXPORTER (2020): Japan, $8B
TOP NET IMPORTER (2020): United States, $2.04B
This map shows which countries export or import more of Large Construction Vehicles. Each country is colored based on the difference in exports and imports of Large Construction Vehicles during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Large Construction Vehicles were Japan ($8B), China ($4.21B), South Korea ($2.81B), Brazil ($1.18B), and Germany ($856M).
In 2020, the countries that had a largest trade value in imports than in exports of Large Construction Vehicles were United States ($2.04B), Canada ($1.98B), Australia ($1.5B), Russia ($1.16B), and Poland ($513M).
In 2020, the world most traded Large Construction Vehicles, disaggragated by their HS6 level were Shovels and excavators with revolving superstructure ($19.6B), Front end shovel loaders ($10.2B), Earth moving/road making equipment, self-propelled ne ($2.71B), Bulldozers and angledozers, crawler type ($2.69B), and Tamping machines and road rollers, self-... ($1.72B)
This visualization shows the countries that have an important ratio of their trade related to Large Construction Vehicles. It is possible to select the main countries that export or import Large Construction Vehicles in the world, or by continent, as well as select the measure of interest.
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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