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2023
Exports $6.46BWorld Rnk 3 / 221
Flag Rnk 48 / 1217
2023
Destination $84.2M Canada
2022 - 2023
FASTEST GROWING MARKET $84.2MQatar
2023
PRODUCT COMPLEXITY IN Excavation Machinery1.14Rnk 128 / 1025
2023
Imports $11.9BWorld Rnk 1 / 224
Flag Rnk 48 / 1215
2023
Origin $140M China
2022 - 2023
FASTEST GROWING ORIGIN $140MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $6.46B in Excavation Machinery, making it the 3rd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 48th most exported product in United States. The main destination of Excavation Machinery exports from United States are: Canada ($1.47B), Mexico ($679M), Australia ($439M), Chile ($340M), and United Arab Emirates ($305M).

The fastest growing export markets for Excavation Machinery of United States between 2022 and 2023 were Qatar ($84.2M), Australia ($66.3M), and Saudi Arabia ($63.1M).

Imports In 2023, United States imported $11.9B in Excavation Machinery, becoming the 1st largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 48th most imported product in United States. United States imports Excavation Machinery primarily from: China ($2.24B), Mexico ($2.03B), Canada ($1.78B), Germany ($859M), and Japan ($795M).

The fastest growing import markets in Excavation Machinery for United States between 2022 and 2023 were Canada ($140M), Mexico ($111M), and Germany ($107M).

COMPANIES In 2024, leading companies such as Schindler Elevators (555), Norwegian Cruise Line (294), and Volvo (206) were at the forefront of shipping Excavation Machinery to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Excavation Machinery exports accounted up to $531M and imports accounted up to $873M, resulting in a negative trade balance of $342M. Between January 2024 and January 2025 the exports of United States'   Excavation Machinery have decreased by $-28.5M (-5.1%) from $559M to $531M, while imports decreased by $-96.6M (-9.96%) from $970M to $873M.

Destinations In January 2025, Excavation Machinery were exported mostly to Canada ($165M), Mexico ($56.3M), Chile ($36.5M), Australia ($21.3M), and Brazil ($19.7M), and were imported mostly from South Korea ($169M), China ($150M), Canada ($133M), Mexico ($121M), and Japan ($73.4M).

Growth In January 2025, the decrease in Excavation Machinery's year-by-year exports was explained primarily by a decrease in exports to Canada ($-13.1M or -7.36%), Colombia ($-6.81M or -37.6%), and Nigeria ($-4.91M or -78.2%). In January 2025, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from Austria ($-10.3M or -41%), China ($-7.76M or -3.87%), and Sweden ($-6.73M or -29.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-28.5M(-5.1%)
IMPORT GROWTH (January 2024 - January 2025)$-96.6M(-9.96%)
MAIN EXPORTER (January 2025)Texas$153M
MAIN DESTINATION (January 2025)Canada$165M

This section shows Excavation Machinery's exports and imports data at subnational level for United States. 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)$6.46B
IMPORTS (2023)$11.9B
NET TRADE (2023)-$5.44B

In 2023, United States exported $6.46B in Excavation Machinery. The main destinations of United States exports on Excavation Machinery were Canada ($1.47B), Mexico ($679M), Australia ($439M), Chile ($340M), and United Arab Emirates ($305M).

In 2023, United States imported $11.9B in Excavation Machinery, mainly from China ($2.24B), Mexico ($2.03B), Canada ($1.78B), Germany ($859M), and Japan ($795M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR United States WERE (2022 - 2023):
Qatar$84.2M (245%)
Australia$66.3M (17.8%)
Saudi Arabia$63.1M (45.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY United States WERE (2022 - 2023):
Singapore-$88.1M (-35%)
Canada-$59.7M (-3.89%)
Iraq-$50.1M (-84.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Excavation Machinery were:
China $14.9B
Germany $7.05B
In 2023, United States's main importing competitors in Excavation Machinery were:
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 POTENTIALGermany+ $86.9M
TOP IMPORT POTENTIALCanada+ $428M

Excavation Machinery’s highest export potential is Germany. With an export gap of $86.9M.   Excavation Machinery’s highest import potential is Canada with an import gap of $428M.

See methodology.

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