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2023
Exports $15.8BWorld Rnk 1 / 188
Flag Rnk 44 / 1215
2023
Destination $741M Russia
2022 - 2023
FASTEST GROWING MARKET $741MRussia
2023
PRODUCT COMPLEXITY IN Large Construction Vehicles1.08Rnk 152 / 1025
2023
Imports $259MWorld Rnk 47 / 223
Flag Rnk 451 / 1214
2023
Origin $29.2M Japan
2022 - 2023
FASTEST GROWING ORIGIN $29.2MSouth Korea
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $15.8B in Large Construction Vehicles, making it the 1st largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 44th most exported product in China. The main destination of Large Construction Vehicles exports from China are: Russia ($2.45B), Indonesia ($1.1B), United States ($842M), Turkey ($676M), and Saudi Arabia ($650M).

The fastest growing export markets for Large Construction Vehicles of China between 2022 and 2023 were Russia ($741M), Turkey ($376M), and United Arab Emirates ($282M).

Imports In 2023, China imported $259M in Large Construction Vehicles, becoming the 47th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 451st most imported product in China. China imports Large Construction Vehicles primarily from: Japan ($90.1M), South Korea ($70.6M), Hong Kong ($25.5M), United States ($11.7M), and Sweden ($10.8M).

The fastest growing import markets in Large Construction Vehicles for China between 2022 and 2023 were South Korea ($29.2M), Japan ($29M), and Hong Kong ($11.8M).

COMPANIES In 2024, leading companies such as CrimsonLogic (265), Bridgestone Tires (139), and John Deere (87) were at the forefront of shipping Large Construction Vehicles from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Large Construction Vehicles exports accounted up to $1.33B and imports accounted up to $20.9M, resulting in a positive trade balance of $1.31B. Between December 2023 and December 2024 the exports of China's   Large Construction Vehicles have increased by $257M (23.9%) from $1.07B to $1.33B, while imports decreased by $-6.17M (-22.8%) from $27.1M to $20.9M.

Destinations In December 2024, Large Construction Vehicles were exported mostly to Russia ($182M), Indonesia ($135M), United States ($95.5M), Belgium ($74.3M), and Saudi Arabia ($62.2M), and were imported mostly from Japan ($15.8M), South Korea ($3.02M), France ($955k), Finland ($462k), and Belgium ($308k).

Growth In December 2024, the increase in Large Construction Vehicles's year-by-year exports was explained primarily by an increase in exports to Peru ($16.6M or 341%), Vietnam ($14.3M or 110%), and Mongolia ($13M or 356%). In December 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-18.3M or -96.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$257M(23.9%)
IMPORT GROWTH (December 2023 - December 2024)$-6.17M(-22.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Russia$182M

This section shows Large Construction Vehicles's exports and imports data at subnational level for China. 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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$15.8B
IMPORTS (2023)$259M
NET TRADE (2023)$15.5B

In 2023, China exported $15.8B in Large Construction Vehicles. The main destinations of China exports on Large Construction Vehicles were Russia ($2.45B), Indonesia ($1.1B), United States ($842M), Turkey ($676M), and Saudi Arabia ($650M).

In 2023, China imported $259M in Large Construction Vehicles, mainly from Japan ($90.1M), South Korea ($70.6M), Hong Kong ($25.5M), United States ($11.7M), and Sweden ($10.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$741M (43.4%)
Turkey$376M (125%)
United Arab Emirates$282M (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY China WERE (2022 - 2023):
Indonesia-$497M (-31.2%)
Thailand-$157M (-47.8%)
Brazil-$139M (-27.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Large Construction Vehicles were:
Japan $15.1B
United States $5.08B
In 2023, China's main importing competitors in Large Construction Vehicles were:
United States $14.1B
Canada $4.68B
Germany $3.02B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $425M
TOP IMPORT POTENTIALJapan+ $50.2M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $425M.   Large Construction Vehicles’s highest import potential is Japan with an import gap of $50.2M.

See methodology.

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