2022
Exports
$29.3MWorld Rnk 61 / 221
Flag Rnk 17 / 940
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$14.7MWorld Rnk 134 / 224
Flag Rnk 21 / 907

About

Exports In 2022, Equatorial Guinea exported $29.3M in Excavation Machinery, making it the 61st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 17th most exported product in Equatorial Guinea. The main destination of Excavation Machinery exports from Equatorial Guinea are: Zambia ($29.2M), Mozambique ($72.7k), Democratic Republic of the Congo ($61.5k), Angola ($4.93k), and Spain ($1.25k).

The fastest growing export markets for Excavation Machinery of Equatorial Guinea between 2021 and 2022 were Zambia ($29.2M), Mozambique ($72.7k), and Democratic Republic of the Congo ($61.5k).

Imports In 2022, Equatorial Guinea imported $14.7M in Excavation Machinery, becoming the 134th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 21st most imported product in Equatorial Guinea. Equatorial Guinea imports Excavation Machinery primarily from: Netherlands ($4.4M), Zambia ($2.9M), United States ($1.88M), South Korea ($1.35M), and China ($1.21M).

The fastest growing import markets in Excavation Machinery for Equatorial Guinea between 2021 and 2022 were Zambia ($2.9M), Netherlands ($1.73M), and South Korea ($1.35M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.3M
IMPORTS (2022)$14.7M
NET TRADE (2022)$14.6M

In 2022, Equatorial Guinea exported $29.3M in Excavation Machinery. The main destinations of Equatorial Guinea exports on Excavation Machinery were Zambia ($29.2M), Mozambique ($72.7k), Democratic Republic of the Congo ($61.5k), Angola ($4.93k), and Spain ($1.25k).

In 2022, Equatorial Guinea imported $14.7M in Excavation Machinery, mainly from Netherlands ($4.4M), Zambia ($2.9M), United States ($1.88M), South Korea ($1.35M), and China ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Equatorial Guinea WERE (2021 - 2022):
Zambia$29.2M (1%)
Mozambique$72.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Equatorial Guinea WERE (2021 - 2022):
Angola-$25.3k (-83.7%)
Cameroon-$18.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Equatorial Guinea's main exporting competitors in Excavation Machinery were:
In 2022, Equatorial Guinea's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $15.2k
TOP IMPORT POTENTIALChina+ $1.4M

Excavation Machinery’s highest export potential is Spain. With an export gap of $15.2k.   Excavation Machinery’s highest import potential is China with an import gap of $1.4M.

See methodology.

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