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2022
Exports $1.87BWorld Rnk 3 / 161
Flag Rnk 149 / 4632
2022
Destination $166M Canada
2021 - 2022
FASTEST GROWING MARKET $166MCanada
2022
Imports $2.99BWorld Rnk 1 / 214
Flag Rnk 159 / 4573
2022
Origin $235M Japan
2021 - 2022
FASTEST GROWING ORIGIN $235MJapan
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.87B in Front end shovel loaders, making it the 3rd largest exporter of Front end shovel loaders in the world. At the same year, Front end shovel loaders was the 149th most exported product in United States. The main destination of Front end shovel loaders exports from United States are: Canada ($936M), Australia ($218M), Chile ($72.4M), Italy ($70M), and Mexico ($62.5M).

The fastest growing export markets for Front end shovel loaders of United States between 2021 and 2022 were Canada ($166M), Italy ($31.3M), and Peru ($18.9M).

Imports In 2022, United States imported $2.99B in Front end shovel loaders, becoming the 1st largest importer of Front end shovel loaders in the world. At the same year, Front end shovel loaders was the 159th most imported product in United States. United States imports Front end shovel loaders primarily from: Japan ($1.42B), Brazil ($356M), China ($191M), South Korea ($163M), and Austria ($131M).

The fastest growing import markets in Front end shovel loaders for United States between 2021 and 2022 were Japan ($235M), Brazil ($141M), and China ($87.3M).

COMPANIES In 2023, leading companies such as IKEA Group (135k), CrimsonLogic (98.6k), and Dole Fresh Fruit (62.1k) were at the forefront of shipping Front end shovel loaders to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Front end shovel loaders exports accounted up to $156M and imports accounted up to $271M, resulting in a negative trade balance of $115M. Between June 2023 and June 2024 the exports of United States'   Front end shovel loaders have decreased by $-55.4M (-26.2%) from $211M to $156M, while imports decreased by $-50.4M (-15.7%) from $321M to $271M.

Destinations In June 2024, Front end shovel loaders were exported mostly to Canada ($102M), Australia ($17.5M), Mexico ($4.88M), Czechia ($4.83M), and Italy ($4.52M), and were imported mostly from Japan ($60.3M), Austria ($31.5M), China ($27.9M), Sweden ($27.8M), and Brazil ($24.7M).

Growth In June 2024, the decrease in Front end shovel loaders's year-by-year exports was explained primarily by a decrease in exports to Italy ($-3.31M or -68.3%), Australia ($-1.41M or -6.67%), and Peru ($-1.39M or -84.7%). In June 2024, the decrease in Front end shovel loaders's year-by-year imports was explained primarily by a decrease in imports from Austria ($-1.36M or -8.28%), Sweden ($-360k or -3.3%), and Finland ($-9k or -40.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-55.4M(-26.2%)
IMPORT GROWTH (June 2023 - June 2024)$-50.4M(-15.7%)
MAIN EXPORTER (June 2024)Illinois$43.5M
MAIN DESTINATION (June 2024)Canada$102M

This section shows Front end shovel loaders'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 Front end shovel loaders over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.87B
IMPORTS (2022)$2.99B
NET TRADE (2022)-$1.12B

In 2022, United States exported $1.87B in Front end shovel loaders. The main destinations of United States exports on Front end shovel loaders were Canada ($936M), Australia ($218M), Chile ($72.4M), Italy ($70M), and Mexico ($62.5M).

In 2022, United States imported $2.99B in Front end shovel loaders, mainly from Japan ($1.42B), Brazil ($356M), China ($191M), South Korea ($163M), and Austria ($131M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Front end shovel loaders EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$166M (21.5%)
Italy$31.3M (81%)
Peru$18.9M (80.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Front end shovel loaders BY United States WERE (2021 - 2022):
Brazil-$40.5M (-57.4%)
Kuwait-$18.8M (-98%)
Belgium-$16.6M (-49.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Front end shovel loaders were:
China $3.14B
Japan $2.1B
In 2022, United States's main importing competitors in Front end shovel loaders were:
Canada $1.27B
Germany $834M

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Trade Value of Front end shovel loaders by Exporters

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