Excavation Machinery in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $1.49B in Excavation Machinery, making it the 13th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 50th most exported product in United Kingdom. The main destination of Excavation Machinery exports from United Kingdom are: United States ($329M), France ($91.9M), Germany ($89.9M), Netherlands ($84.9M), and Brazil ($67.5M).

The fastest growing export markets for Excavation Machinery of United Kingdom between 2021 and 2022 were United States ($56.8M), Netherlands ($25.4M), and United Kingdom ($18.3M).

Imports In 2022, United Kingdom imported $2.27B in Excavation Machinery, becoming the 6th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 59th most imported product in United Kingdom. United Kingdom imports Excavation Machinery primarily from: China ($514M), Germany ($248M), India ($203M), Italy ($159M), and United States ($136M).

The fastest growing import markets in Excavation Machinery for United Kingdom between 2021 and 2022 were China ($75.8M), India ($32.2M), and Malaysia ($21.3M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232) and SCHINDLER ELEVATOR CORPORATION (168) were at the forefront of shipping Excavation Machinery from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Excavation Machinery exports accounted up to £106M and imports accounted up to £135M, resulting in a negative trade balance of £28.5M. Between January 2023 and January 2024 the exports of United Kingdom's Excavation Machinery have increased by £16.9M (19%) from £89.2M to £106M, while imports decreased by £-51M (-27.5%) from £186M to £135M.

Destinations In January 2024, Excavation Machinery were exported mostly to United States (£27.6M), United Arab Emirates (£10.7M), Germany (£6.57M), Netherlands (£6.08M), and France (£5.14M), and were imported mostly from China (£23.2M), Germany (£16.9M), India (£10.8M), France (£10.1M), and United States (£8.83M).

Growth In January 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to United States (£6.81M or 43.3%), Germany (£1.97M or 48.4%), and Belgium (£1.69M or 72.7%). In January 2024, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from China (£-7.46M or -16.8%), South Korea (£-2.97M or -37.8%), and Taiwan (£-1.49M or -47%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£16.9M(19%)

IMPORT GROWTH (January 2023 - January 2024)£-51M(-27.5%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£29M

MAIN DESTINATION (January 2024)United States£27.6M

This section shows Excavation Machinery's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Excavation Machinery over time.

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