2022
Exports
$1.24BWorld Rnk 16 / 221
Flag Rnk 60 / 1212
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$1.3BWorld Rnk 15 / 224
Flag Rnk 78 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $1.24B in Excavation Machinery, making it the 16th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 60th most exported product in India. The main destination of Excavation Machinery exports from India are: United States ($392M), United Kingdom ($203M), Singapore ($52.6M), Germany ($43M), and Brazil ($42.4M).

The fastest growing export markets for Excavation Machinery of India between 2021 and 2022 were United States ($113M), United Kingdom ($32.2M), and Germany ($15.3M).

Imports In 2022, India imported $1.3B in Excavation Machinery, becoming the 15th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 78th most imported product in India. India imports Excavation Machinery primarily from: China ($575M), South Korea ($153M), Italy ($73.3M), Japan ($67.7M), and United States ($59.3M).

The fastest growing import markets in Excavation Machinery for India between 2021 and 2022 were China ($56.4M), Italy ($21.8M), and United States ($7.99M).

COMPANIES In 2023, leading companies such as J.C. Bamford (832), CNH Industrial (143), and John Deere (130) were at the forefront of shipping Excavation Machinery from India to the United States.

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)$1.24B
IMPORTS (2022)$1.3B
NET TRADE (2022)-$62M

In 2022, India exported $1.24B in Excavation Machinery. The main destinations of India exports on Excavation Machinery were United States ($392M), United Kingdom ($203M), Singapore ($52.6M), Germany ($43M), and Brazil ($42.4M).

In 2022, India imported $1.3B in Excavation Machinery, mainly from China ($575M), South Korea ($153M), Italy ($73.3M), Japan ($67.7M), and United States ($59.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$113M (40.6%)
United Kingdom$32.2M (18.9%)
Germany$15.3M (55.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY India WERE (2021 - 2022):
Russia-$9.6M (-65.8%)
Malaysia-$5.87M (-32.3%)
Bangladesh-$3.72M (-18.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Excavation Machinery were:
In 2022, India'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 POTENTIALUnited States+ $185M
TOP IMPORT POTENTIALChina+ $402M

Excavation Machinery’s highest export potential is United States. With an export gap of $185M.   Excavation Machinery’s highest import potential is China with an import gap of $402M.

See methodology.

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