HS Icon Large Construction Vehicles

8429 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Large Construction Vehicles. In 2019, Large Construction Vehicles were the world's 77th most traded product, with a total trade of $47.1B. Between 2018 and 2019 the exports of Large Construction Vehicles decreased by -6.2%, from $50.2B to $47.1B. Trade in Large Construction Vehicles represent 0.26% of total world trade.

Exports: In 2019 the top exporters of Large Construction Vehicles  were Japan ($10.8B), China ($5.21B), United States ($4.42B), Germany ($3.96B), and South Korea ($3.31B).

Imports: In 2019 the top importers of Large Construction Vehicles were United States ($8.33B), Canada ($2.93B), Germany ($2.68B), France ($1.99B), and Netherlands ($1.98B).

Tariffs: In 2018 the average tariff for Large Construction Vehicles was 4.7%, making it the 877th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Construction Vehicles are Maldives (50%), Bahamas (40.2%), Bermuda (35%), Cambodia (15%), and Iran (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Large Construction Vehicles ranks 321st in the Product Complexity Index (PCI).

Description: Self-propelled bulldozers are used to build roads, dig ditches, and other construction projects. They can be made from a variety of materials, including steel, aluminum, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $10.8B

Top Destination (2019): United States, $8.33B

Large Construction Vehicles are the world's 77th most traded product.

In 2019, the top exporters of Large Construction Vehicles were Japan ($10.8B), China ($5.21B), United States ($4.42B), Germany ($3.96B), and South Korea ($3.31B).

In 2019, the top importers of Large Construction Vehicles were United States ($8.33B), Canada ($2.93B), Germany ($2.68B), France ($1.99B), and Netherlands ($1.98B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Belgium, $237M

Top Destination Growth (2018 - 2019): United States, $1.06B

Between 2018 and 2019, the exports of Large Construction Vehicles grew the fastest in Belgium ($237M), France ($156M), Turkey ($156M), Brazil ($118M), and Czechia ($61.9M).

Between 2018 and 2019, the fastest growing importers of Large Construction Vehicles were United States ($1.06B), Saudi Arabia ($212M), Belgium ($190M), Italy ($134M), and Germany ($134M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Large Construction Vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Large Construction Vehicles are explained by 16 countries.

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TOP NET EXPORTER (2019): Japan, $10.5B

TOP NET IMPORTER (2019): United States, $3.91B

This map shows which countries export or import more of Large Construction Vehicles. Each country is colored based on the difference in exports and imports of Large Construction Vehicles during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Large Construction Vehicles were Japan ($10.5B), China ($4.26B), South Korea ($3.1B), Brazil ($2.13B), and Germany ($1.28B).

In 2019, the countries that had a largest trade value in imports than in exports of Large Construction Vehicles were United States ($3.91B), Canada ($2.81B), Australia ($1.53B), Russia ($1.49B), and Indonesia ($583M).

Disaggregation

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Value

In 2019, the world most traded Large Construction Vehicles, disaggragated by their HS6 level were Shovels and excavators with revolving superstructure ($23.6B), Front end shovel loaders ($11.8B), Bulldozers and angledozers, crawler type ($3.83B), Earth moving/road making equipment, self-propelled ne ($3.32B), and Tamping machines and road rollers, self-... ($2.02B)

Import Tariffs

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In 2018, the average tariff for importing Large Construction Vehicles was 4.7%. The countries with the highest tariffs for importing Large Construction Vehicles were Maldives (50%), Bahamas (40.2%), Bermuda (35%), Cambodia (15%), and Iran (14.7%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Large Construction Vehicles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.