Armored vehicles8710 (Harmonized System 1992 for 4-digit)
World Trade (2018): $2.86B, Rnk 639 / 1225
Top Exporter (2018): $564M, Belgium-Luxembourg
Top Importer (2018): $529M, Canada
Product Complexity (2018): 0.6, Rnk 335 / 1018
Export Growth (CAGR)(2017 - 2018): 38.1%, Rnk 113 / 1225
Mean Tariff (2018): 5.95%, Rnk 709 / 1259
Share of World Trade (2018): 0.016%, Rnk 639 / 1225
Overview: This page contains the latest trade data of Armored vehicles. In 2018, Armored vehicles were the world's 639th most traded product, with a total trade of $2.86B. Between 2017 and 2018 the exports of Armored vehicles grew by 38.1%, from $2.07B to $2.86B. Trade in Armored vehicles represent 0.016% of total world trade.
Exports: In 2018 the top exporters of Armored vehicles were Belgium-Luxembourg ($564M), United States ($460M), Canada ($294M), Germany ($239M), and Austria ($185M).
Imports: In 2018 the top importers of Armored vehicles were Canada ($529M), United States ($256M), Australia ($254M), Belgium-Luxembourg ($227M), and Japan ($201M).
Tariffs: In 2018 the average tariff for Armored vehicles was 5.95%, been the 709 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Armored vehicles are Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Ecuador (27.6%), and Romania (25.7%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Egypt (0%), Ethiopia (0%), and Kenya (0%).
Ranking: Armored vehicles ranks 335th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Belgium-Luxembourg, $564M
Top Destination (2018): Canada, $529M
Armored vehicles are the world's 639th most traded product.
In 2018, the top exporters of Armored vehicles were Belgium-Luxembourg ($564M), United States ($460M), Canada ($294M), Germany ($239M), and Austria ($185M).
In 2018, the top importers of Armored vehicles were Canada ($529M), United States ($256M), Australia ($254M), Belgium-Luxembourg ($227M), and Japan ($201M).
Trade by country
Top Origin Growth (2017 - 2018): Belgium-Luxembourg, $506M
Top Destination Growth (2017 - 2018): Canada, $501M
Between 2017 and 2018, the exports of Armored vehicles grew the fastest in Belgium-Luxembourg ($506M), Canada ($156M), France ($118M), China ($56.4M), and Germany ($55.3M).
Between 2017 and 2018, the fastest growing importers of Armored vehicles were Canada ($501M), Belgium-Luxembourg ($210M), Japan ($187M), Thailand ($161M), and Brazil ($69.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Armored vehicles.
In 2018, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Armored vehicles are explained by 15 countries.
TOP NET EXPORTER (2018): Belgium-Luxembourg, $337M
TOP NET IMPORTER (2018): Australia, $238M
This map shows which countries export or import more of Armored vehicles. Each country is colored based on the difference in exports and imports of Armored vehicles during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Armored vehicles were Belgium-Luxembourg ($337M), United States ($204M), Austria ($185M), Germany ($182M), and France ($127M).
In 2018, the countries that had a largest trade value in imports than in exports of Armored vehicles were Australia ($238M), Canada ($235M), Japan ($195M), Thailand ($161M), and Indonesia ($95.8M).
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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