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2022
Exports $1.49BWorld Rnk 13 / 221
Flag Rnk 50 / 1216
2022
Destination $56.8M United States
2021 - 2022
FASTEST GROWING MARKET $56.8MUnited States
2022
PRODUCT COMPLEXITY IN Excavation Machinery0.96Rnk 185 / 1025
2022
Imports $2.27BWorld Rnk 6 / 224
Flag Rnk 59 / 1214
2022
Origin $75.8M China
2021 - 2022
FASTEST GROWING ORIGIN $75.8MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

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 J.C. Bamford (53), Schindler Elevators (24), and Kubota (3) were at the forefront of shipping Excavation Machinery from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Excavation Machinery exports accounted up to £82.5M and imports accounted up to £146M, resulting in a negative trade balance of £63.8M. Between August 2023 and August 2024 the exports of United Kingdom's   Excavation Machinery have decreased by £-23.4M (-22.1%) from £106M to £82.5M, while imports decreased by £-3.42M (-2.29%) from £150M to £146M.

Destinations In August 2024, Excavation Machinery were exported mostly to United States (£20.9M), Germany (£6.57M), Netherlands (£5.4M), France (£4.92M), and Norway (£3.47M), and were imported mostly from China (£28.9M), Germany (£26.8M), India (£14.6M), Netherlands (£11.1M), and Italy (£8.67M).

Growth In August 2024, the decrease in Excavation Machinery's year-by-year exports was explained primarily by a decrease in exports to Spain (£-1.98M or -68.6%), Kenya (£-1.31M or -96.8%), and Mexico (£-668k or -63.1%). In August 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 Chinese Taipei (£-1.49M or -47%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-23.4M(-22.1%)
IMPORT GROWTH (August 2023 - August 2024)£-3.42M(-2.29%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£29M
MAIN DESTINATION (August 2024)United States£20.9M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.49B
IMPORTS (2022)$2.27B
NET TRADE (2022)-$784M

In 2022, United Kingdom exported $1.49B in Excavation Machinery. The main destinations of United Kingdom exports on Excavation Machinery were United States ($329M), France ($91.9M), Germany ($89.9M), Netherlands ($84.9M), and Brazil ($67.5M).

In 2022, United Kingdom imported $2.27B in Excavation Machinery, mainly from China ($514M), Germany ($248M), India ($203M), Italy ($159M), and United States ($136M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$56.8M (20.8%)
Netherlands$25.4M (42.6%)
United Kingdom$18.3M (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY United Kingdom WERE (2021 - 2022):
Russia-$34.7M (-82.5%)
Singapore-$17.7M (-55.6%)
Norway-$14.9M (-20.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Excavation Machinery were:
China $15.1B
United States $6.47B
Germany $5.45B
In 2022, United Kingdom's main importing competitors in Excavation Machinery were:
United States $11.6B
Germany $5.17B
Canada $3.26B

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.7M
TOP IMPORT POTENTIALChina+ $110M

Excavation Machinery’s highest export potential is United States. With an export gap of $88.7M.   Excavation Machinery’s highest import potential is China with an import gap of $110M.

See methodology.

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