Large Construction Vehicles8429 (Harmonized System 1992 for 4-digit)
World Trade (2018): $49.7B, Rnk 73 / 1225
Top Exporter (2018): $11.4B, Japan
Top Importer (2018): $7.27B, United States
Product Complexity (2018): 0.87, Rnk 209 / 1018
Export Growth (CAGR)(2017 - 2018): 17.1%, Rnk 422 / 1225
Mean Tariff (2018): 4.7%, Rnk 877 / 1259
Share of World Trade (2018): 0.27%, Rnk 73 / 1225
Overview: This page contains the latest trade data of Large Construction Vehicles. In 2018, Large Construction Vehicles were the world's 73rd most traded product, with a total trade of $49.7B. Between 2017 and 2018 the exports of Large Construction Vehicles grew by 17.1%, from $42.5B to $49.7B. Trade in Large Construction Vehicles represent 0.27% of total world trade.
Exports: In 2018 the top exporters of Large Construction Vehicles were Japan ($11.4B), United States ($5.25B), China ($5.16B), Germany ($3.97B), and South Korea ($3.95B).
Imports: In 2018 the top importers of Large Construction Vehicles were United States ($7.27B), Canada ($3.62B), Germany ($2.55B), Netherlands ($2.1B), and Australia ($1.94B).
Tariffs: In 2018 the average tariff for Large Construction Vehicles was 4.7%, been the 877 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 209th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Japan, $11.4B
Top Destination (2018): United States, $7.27B
Large Construction Vehicles are the world's 73rd most traded product.
In 2018, the top exporters of Large Construction Vehicles were Japan ($11.4B), United States ($5.25B), China ($5.16B), Germany ($3.97B), and South Korea ($3.95B).
In 2018, the top importers of Large Construction Vehicles were United States ($7.27B), Canada ($3.62B), Germany ($2.55B), Netherlands ($2.1B), and Australia ($1.94B).
Trade by country
Top Origin Growth (2017 - 2018): United States, $1.11B
Top Destination Growth (2017 - 2018): United States, $1.31B
Between 2017 and 2018, the exports of Large Construction Vehicles grew the fastest in United States ($1.11B), Germany ($804M), China ($784M), Japan ($694M), and Netherlands ($652M).
Between 2017 and 2018, the fastest growing importers of Large Construction Vehicles were United States ($1.31B), Canada ($696M), Belgium-Luxembourg ($531M), Australia ($490M), and Indonesia ($485M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Large Construction Vehicles.
In 2018, 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.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Large Construction Vehicles were Japan ($11.2B), China ($3.88B), South Korea ($3.75B), Brazil ($2.03B), and Germany ($1.42B).
In 2018, the countries that had a largest trade value in imports than in exports of Large Construction Vehicles were Canada ($3.48B), United States ($2.03B), Australia ($1.85B), Russia ($1.41B), and Indonesia ($1.12B).
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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