Overview: In 2018, Excavation Machinery were the world's 57th most traded product, with a total trade of $57.3B. Between 2017 and 2018 the exports of Excavation Machinery grew by 12%, from $51.2B to $57.3B. Trade in Excavation Machinery represent 0.31% of total world trade.
Exports: In 2018 the top exporters of Excavation Machinery were China ($9.45B), Germany ($5.41B), United States ($4.36B), Italy ($3.65B), and Japan ($2.98B).
Imports: In 2018 the top importers of Excavation Machinery were United States ($9.49B), Germany ($4.49B), China ($2.54B), France ($2.47B), and Japan ($2.07B).
Tariffs: In 2018 the average tariff for Excavation Machinery was 4.75%, been the 867 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Excavation Machinery are Bahamas (40.2%), Bermuda (35%), Maldives (19.7%), Jordan (15.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).
Ranking: Excavation Machinery ranks 183rd in the Product Complexity Index (PCI).