HS Icon Tanks and other armoured fighting vehicles

871000 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Tanks and other armoured fighting vehicles. In 2021, Tanks and other armoured fighting vehicles were the world's 644th most traded product, with a total trade of $5.59B. Between 2020 and 2021 the exports of Tanks and other armoured fighting vehicles decreased by -2.42%, from $5.72B to $5.59B. Trade in Tanks and other armoured fighting vehicles represent 0.027% of total world trade.

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

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

Imports In 2021 the top importers of Tanks and other armoured fighting 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 other armoured fighting vehicles was 5.99%, making it the 3682nd lowest tariff using the HS6 product classification.

Ranking Tanks and other armoured fighting vehicles ranks 3120th in the Product Complexity Index (PCI).

Description The common uses of tanks and other armoured fighting vehicles is to provide heavy fire power and protection for infantry. They are also used to carry and transport infantry on the battlefield.

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The following visualization shows the latest trends on Tanks and other armoured fighting 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 other armoured fighting vehicles are the world's 644th most traded product.

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

In 2021, the top importers of Tanks and other armoured fighting 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

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

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

Between 2020 and 2021, the exports of Tanks and other armoured fighting 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 other armoured fighting 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 other armoured fighting vehicles.

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

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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 other armoured fighting vehicles. Each country is colored based on the difference in exports and imports of Tanks and other armoured fighting vehicles during 2021.

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

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Tanks and other armoured fighting vehicles.
It is possible to select the main countries that export or import Tanks and other armoured fighting 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.