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2023
Exports $1.55BWorld Rnk 14 / 221
Flag Rnk 44 / 1216
2023
Destination $76.6M United States
2022 - 2023
FASTEST GROWING MARKET $76.6MUnited States
2023
PRODUCT COMPLEXITY IN Excavation Machinery1.14Rnk 128 / 1025
2023
Imports $2.46BWorld Rnk 6 / 224
Flag Rnk 53 / 1214
2023
Origin $44.9M China
2022 - 2023
FASTEST GROWING ORIGIN $44.9MGermany
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $1.55B in Excavation Machinery, making it the 14th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 44th most exported product in United Kingdom. The main destination of Excavation Machinery exports from United Kingdom are: United States ($325M), Norway ($117M), France ($85.1M), Germany ($85.1M), and Netherlands ($74.7M).

The fastest growing export markets for Excavation Machinery of United Kingdom between 2022 and 2023 were United States ($76.6M), Norway ($60.4M), and Belgium ($21.9M).

Imports In 2023, United Kingdom imported $2.46B in Excavation Machinery, becoming the 6th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 53rd most imported product in United Kingdom. United Kingdom imports Excavation Machinery primarily from: China ($431M), Germany ($330M), India ($250M), Italy ($192M), and United States ($179M).

The fastest growing import markets in Excavation Machinery for United Kingdom between 2022 and 2023 were Germany ($44.9M), Turkey ($32.4M), and India ($27.8M).

COMPANIES In 2024, leading companies such as J.C. Bamford (8) and Schindler Elevators (2) were at the forefront of shipping Excavation Machinery from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Excavation Machinery exports accounted up to £97M and imports accounted up to £127M, resulting in a negative trade balance of £29.9M. Between December 2023 and December 2024 the exports of United Kingdom's   Excavation Machinery have increased by £5.31M (5.79%) from £91.7M to £97M, while imports increased by £4.42M (3.61%) from £122M to £127M.

Destinations In December 2024, Excavation Machinery were exported mostly to United States (£23.7M), Netherlands (£15.9M), China (£4.97M), France (£4.26M), and Germany (£3.88M), and were imported mostly from China (£20.9M), Germany (£14.2M), India (£13.2M), Netherlands (£8.59M), and Italy (£8.52M).

Growth In December 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (£7.75M or 267%), United States (£5.02M or 22.3%), and Italy (£2.08M or 88.3%). In December 2024, the increase in Excavation Machinery's year-by-year imports was explained primarily by an increase in imports from France (£1.49M or 17.3%), Poland (£1.27M or 35.4%), and Spain (£1.24M or 43.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£5.31M(5.79%)
IMPORT GROWTH (December 2023 - December 2024)£4.42M(3.61%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£23.7M

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 (2023)$1.55B
IMPORTS (2023)$2.46B
NET TRADE (2023)-$907M

In 2023, United Kingdom exported $1.55B in Excavation Machinery. The main destinations of United Kingdom exports on Excavation Machinery were United States ($325M), Norway ($117M), France ($85.1M), Germany ($85.1M), and Netherlands ($74.7M).

In 2023, United Kingdom imported $2.46B in Excavation Machinery, mainly from China ($431M), Germany ($330M), India ($250M), Italy ($192M), and United States ($179M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$76.6M (30.8%)
Norway$60.4M (106%)
Belgium$21.9M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY United Kingdom WERE (2022 - 2023):
Israel-$23.1M (-76.4%)
Brazil-$18.6M (-36.5%)
Russia-$7.37M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Excavation Machinery were:
China $14.9B
Germany $7.05B
United States $6.46B
In 2023, United Kingdom's main importing competitors in Excavation Machinery were:
United States $11.9B
Germany $5.38B
France $3.23B

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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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