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.