Overview: This page contains the latest trade data of Excavation Machinery. In 2019, Excavation Machinery were the world's 49th most traded product, with a total trade of $58.7B. Between 2018 and 2019 the exports of Excavation Machinery decreased by -1.61%, from $59.7B to $58.7B. Trade in Excavation Machinery represent 0.32% of total world trade.
Exports: In 2019 the top exporters of Excavation Machinery were China ($9.52B), United States ($6.47B), Germany ($5.24B), Italy ($3.4B), and Japan ($2.67B).
Imports: In 2019 the top importers of Excavation Machinery were United States ($9.18B), Germany ($4.43B), Canada ($2.63B), France ($2.42B), and China ($2.21B).
Tariffs: In 2018 the average tariff for Excavation Machinery was 4.75%, making it the 867th 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 215th in the Product Complexity Index (PCI).
Description: Parts suitable for use solely or principally with the machinery of heading 8425 to 8430 are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.