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HS Icon Tanks and Armored vehicles

Tanks and other armoured fighting vehicles; motorised, whether or not fitted with weapons, and parts of such vehicles

8710 (Harmonized System 1992 for 4-digit)

2021
World Trade: $5.59B, Rnk 518 / 1217

2021
Top Exporter | Top Importer: $1.62B | $1.56B, Canada | Saudi Arabia

2021
Product Complexity: -0.52, Rnk 711 / 1024

2020 - 2021
Export Growth (CAGR): -2.42%, Rnk 1149 / 1217

2018
Mean Tariff: 5.99%, Rnk 711 / 1259

2021
Share of World Trade: 0.00027%, Rnk 518 / 1217

About

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Overview This page contains the latest trade data of Tanks and Armored vehicles. In 2021, Tanks and Armored vehicles were the world's 518th most traded product, with a total trade of $5.59B. Between 2020 and 2021 the exports of Tanks and Armored vehicles decreased by -2.42%, from $5.72B to $5.59B. Trade in Tanks and Armored vehicles represent 0.00027% of total world trade.

Tanks and Armored vehicles are a part of Cars, tractors, trucks & parts thereof.. They include Tanks and other armoured fighting vehicles.

Exports In 2021 the top exporters of Tanks and Armored vehicles  were Canada ($1.62B), United States ($972M), Belgium ($749M), Spain ($428M), and Germany ($370M).

Imports In 2021 the top importers of Tanks and Armored vehicles were Saudi Arabia ($1.56B), Canada ($797M), United Kingdom ($410M), United States ($328M), and Romania ($181M).

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.

Ranking Tanks and Armored vehicles ranks 711th in the Product Complexity Index (PCI).

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Latest Data

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View
Flow
Y-AXIS SCALE

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 (2021): Canada, $1.62B

Top Destination (2021): Saudi Arabia, $1.56B

Tanks and Armored vehicles are the world's 518th most traded product.

In 2021, the top exporters of Tanks and Armored vehicles were Canada ($1.62B), United States ($972M), Belgium ($749M), Spain ($428M), and Germany ($370M).

In 2021, the top importers of Tanks and Armored vehicles were Saudi Arabia ($1.56B), Canada ($797M), United Kingdom ($410M), United States ($328M), and Romania ($181M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Canada, $527M

Top Destination Growth (2020 -  2021): Saudi Arabia, $650M

Between 2020 and 2021, the exports of Tanks and Armored vehicles grew the fastest in Canada ($527M), United States ($373M), Spain ($253M), Russia ($53.2M), and Estonia ($46.6M).

Between 2020 and 2021, the fastest growing importers of Tanks and Armored vehicles were Saudi Arabia ($650M), United Kingdom ($314M), Kuwait ($151M), Romania ($110M), and Tajikistan ($52.6M).

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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 2021, market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Tanks and Armored vehicles are explained by 11 countries.

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Net Trade

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TOP NET EXPORTER (2021): Canada, $822M

TOP NET IMPORTER (2021): Saudi Arabia, $1.55B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Tanks and Armored vehicles were Canada ($822M), Belgium ($686M), United States ($644M), Spain ($359M), and Germany ($230M).

In 2021, the countries that had a largest trade value in imports than in exports of Tanks and Armored vehicles were Saudi Arabia ($1.55B), United Kingdom ($345M), Kuwait ($173M), Romania ($171M), and Australia ($154M).

Disaggregation

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Value

In 2021, the world most traded Tanks and Armored vehicles, disaggragated by their HS6 level were Tanks and other armoured fighting vehicles ($5.59B)

Country Comparison

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Flow
Measure
Ranking

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.

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This visualization shows products that are likely to be exported by countries that export Tanks and Armored vehicles.

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.

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