2023
Exports
$5.08BWorld Rnk 3 / 188
Flag Rnk 65 / 1217
2023
PRODUCT COMPLEXITY IN Large Construction Vehicles
1.08Rnk 152 / 1025
2023
Imports
$14.1BWorld Rnk 1 / 223
Flag Rnk 39 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $5.08B in Large Construction Vehicles, making it the 3rd largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 65th most exported product in United States. The main destination of Large Construction Vehicles exports from United States are: Canada ($2.14B), Australia ($558M), Mexico ($374M), Chile ($233M), and South Africa ($140M).

The fastest growing export markets for Large Construction Vehicles of United States between 2022 and 2023 were Canada ($307M), Mexico ($161M), and Germany ($45.4M).

Imports In 2023, United States imported $14.1B in Large Construction Vehicles, becoming the 1st largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 39th most imported product in United States. United States imports Large Construction Vehicles primarily from: Japan ($6.46B), South Korea ($1.42B), Brazil ($1.18B), Germany ($958M), and United Kingdom ($878M).

The fastest growing import markets in Large Construction Vehicles for United States between 2022 and 2023 were Japan ($685M), South Korea ($554M), and United Kingdom ($348M).

COMPANIES In 2023, leading companies such as John Deere (2.51k), Kubota (1.1k), and CNH Industrial (640) were at the forefront of shipping Large Construction Vehicles to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-239M(-45.3%)
IMPORT GROWTH (November 2023 - November 2024)$-367M(-33.7%)
MAIN EXPORTER (November 2024)Illinois$101M
MAIN DESTINATION (November 2024)Canada$145M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.08B
IMPORTS (2023)$14.1B
NET TRADE (2023)-$8.99B

In 2023, United States exported $5.08B in Large Construction Vehicles. The main destinations of United States exports on Large Construction Vehicles were Canada ($2.14B), Australia ($558M), Mexico ($374M), Chile ($233M), and South Africa ($140M).

In 2023, United States imported $14.1B in Large Construction Vehicles, mainly from Japan ($6.46B), South Korea ($1.42B), Brazil ($1.18B), Germany ($958M), and United Kingdom ($878M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$307M (16.7%)
Mexico$161M (75.3%)
Germany$45.4M (72%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY United States WERE (2022 - 2023):
Australia-$124M (-18.2%)
Egypt-$38.9M (-63%)
South Korea-$29.3M (-71.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Large Construction Vehicles were:
China $15.8B
Japan $15.1B
In 2023, United States's main importing competitors in Large Construction Vehicles were:
Canada $4.68B
Germany $3.02B

Explore Visualizations

Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $55.8M
TOP IMPORT POTENTIALChina+ $425M

Large Construction Vehicles’s highest export potential is Mexico. With an export gap of $55.8M.   Large Construction Vehicles’s highest import potential is China with an import gap of $425M.

See methodology.

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