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871000 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.92BRnk 943 / 4648
2022
Top Exporter | Top Importer $954M | $674MUnited States | Saudi Arabia
2022
Product Complexity 0.27Rnk 2065 / 4653
2021 - 2022
Export Growth (CAGR) -32.2%Rnk 4465 / 4648
2022
Share of World Trade 0.017%Rnk 943 / 4648

About

Overview This page contains the latest trade data of Tanks and other armoured fighting vehicles. In 2022, Tanks and other armoured fighting vehicles were the world's 943rd most traded product, with a total trade of $3.92B. Between 2021 and 2022 the exports of Tanks and other armoured fighting vehicles decreased by -32.2%, from $5.78B to $3.92B. Trade in Tanks and other armoured fighting vehicles represent 0.017% of total world trade.

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

Exports In 2022 the top exporters of Tanks and other armoured fighting vehicles  were United States ($954M), Canada ($954M), Germany ($377M), Switzerland ($266M), and South Korea ($246M).

Imports In 2022 the top importers of Tanks and other armoured fighting vehicles were Saudi Arabia ($674M), United States ($379M), Kuwait ($304M), Poland ($231M), and Lithuania ($170M).

Ranking Tanks and other armoured fighting vehicles ranks 2065th 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.

Latest Trends

Latest Data

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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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$954M
Top Destination (2022)Saudi Arabia$674M

In 2022 Tanks and other armoured fighting vehicles were the world's 943rd most traded product (out of 4,648).

In 2022, the top exporters of Tanks and other armoured fighting vehicles were United States ($954M), Canada ($954M), Germany ($377M), Switzerland ($266M), and South Korea ($246M).

In 2022, the top importers of Tanks and other armoured fighting vehicles were Saudi Arabia ($674M), United States ($379M), Kuwait ($304M), Poland ($231M), and Lithuania ($170M).

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Exporters of Tanks and other armoured fighting vehicles (2022)
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Importers of Tanks and other armoured fighting vehicles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$128M
Top Destination Growth (2021 -  2022)Poland$145M

Between 2021 and 2022, the exports of Tanks and other armoured fighting vehicles grew the fastest in South Korea ($128M), Israel ($72.6M), Turkey ($40.9M), Lebanon ($29.9M), and Poland ($28.6M).

Between 2021 and 2022, the fastest growing importers of Tanks and other armoured fighting vehicles were Poland ($145M), Kuwait ($130M), Lithuania ($125M), Ukraine ($122M), and Philippines ($93M).

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Exporters of Tanks and other armoured fighting vehicles (2021 - 2022)

Importers of Tanks and other armoured fighting vehicles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tanks and other armoured fighting vehicles.

In 2022, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Tanks and other armoured fighting vehicles are explained by 12 countries.

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Value of Exports in Tanks and other armoured fighting vehicles

Net Trade

TOP NET EXPORTER (2022)Canada$811M
TOP NET IMPORTER (2022)Saudi Arabia$672M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tanks and other armoured fighting vehicles were Canada ($811M), United States ($576M), Germany ($223M), Switzerland ($200M), and South Korea ($181M).

In 2022, the countries that had a largest trade value in imports than in exports of Tanks and other armoured fighting vehicles were Saudi Arabia ($672M), Poland ($185M), Lithuania ($167M), Ukraine ($128M), and Denmark ($96.1M).

Net Trade (2022)

Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Tanks and other armoured fighting vehicles by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

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