HS Icon Other Construction Vehicles

8430 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Construction Vehicles. In 2019, Other Construction Vehicles were the world's 296th most traded product, with a total trade of $11B. Between 2018 and 2019 the exports of Other Construction Vehicles decreased by -8.44%, from $12.1B to $11B. Trade in Other Construction Vehicles represent 0.061% of total world trade.

Exports: In 2019 the top exporters of Other Construction Vehicles  were China ($2.16B), United States ($1.62B), Germany ($1.37B), Sweden ($712M), and Finland ($691M).

Imports: In 2019 the top importers of Other Construction Vehicles were United States ($1.23B), Russia ($652M), Canada ($550M), Australia ($515M), and China ($412M).

Tariffs: In 2018 the average tariff for Other Construction Vehicles was 4.44%, making it the 919th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Construction Vehicles are Bahamas (40.2%), Bermuda (35%), Maldives (32.6%), Cambodia (15%), and Malaysia (14%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Construction Vehicles ranks 752nd in the Product Complexity Index (PCI).

Description: Pile-drivers and pile-extractors are used to move piles of earth, minerals or ores. Snowploughs and snowblowers are used to clear snow from roads.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $2.16B

Top Destination (2019): United States, $1.23B

Other Construction Vehicles are the world's 296th most traded product.

In 2019, the top exporters of Other Construction Vehicles were China ($2.16B), United States ($1.62B), Germany ($1.37B), Sweden ($712M), and Finland ($691M).

In 2019, the top importers of Other Construction Vehicles were United States ($1.23B), Russia ($652M), Canada ($550M), Australia ($515M), and China ($412M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $287M

Top Destination Growth (2018 - 2019): Brazil, $278M

Between 2018 and 2019, the exports of Other Construction Vehicles grew the fastest in United States ($287M), Belgium ($47M), Austria ($27.9M), Poland ($16.6M), and Brunei ($14.6M).

Between 2018 and 2019, the fastest growing importers of Other Construction Vehicles were Brazil ($278M), Chile ($113M), Russia ($112M), Singapore ($107M), and Kuwait ($94.3M).

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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 Other Construction Vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Other Construction Vehicles are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $1.75B

TOP NET IMPORTER (2019): Russia, $602M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Construction Vehicles were China ($1.75B), Germany ($1.05B), Finland ($604M), Sweden ($585M), and Italy ($483M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Construction Vehicles were Russia ($602M), Australia ($419M), Brazil ($343M), Canada ($260M), and Saudi Arabia ($222M).

Disaggregation

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Value

In 2019, the world most traded Other Construction Vehicles, disaggragated by their HS6 level were Boring or sinking machinery nes, self-propelled ($2.88B), Boring or sinking machinery nes, not... ($2.15B), Coal or rock cutters, self-propelled ($1.47B), Construction equipment, self-propelled nes ($1.08B), and Construction equipment, not self-propelled nes ($970M)

Import Tariffs

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In 2018, the average tariff for importing Other Construction Vehicles was 4.44%. The countries with the highest tariffs for importing Other Construction Vehicles were Bahamas (40.2%), Bermuda (35%), Maldives (32.6%), Cambodia (15%), and Malaysia (14%).

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