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Pricing

2022
Exports $954MWorld Rnk 1 / 78
Flag Rnk 268 / 1217
2022
Destination $125M Kuwait
2021 - 2022
FASTEST GROWING MARKET $125MKuwait
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.46Rnk 688 / 1025
2022
Imports $379MWorld Rnk 2 / 130
Flag Rnk 621 / 1216
2022
Origin $41.7M Canada
2021 - 2022
FASTEST GROWING ORIGIN $41.7MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $954M in Tanks and Armored vehicles, making it the 1st largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 268th most exported product in United States. The main destination of Tanks and Armored vehicles exports from United States are: Kuwait ($299M), Saudi Arabia ($110M), Israel ($82.2M), Canada ($74.4M), and Colombia ($54.8M).

The fastest growing export markets for Tanks and Armored vehicles of United States between 2021 and 2022 were Kuwait ($125M), Thailand ($51.8M), and Colombia ($45.8M).

Imports In 2022, United States imported $379M in Tanks and Armored vehicles, becoming the 2nd largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 621st most imported product in United States. United States imports Tanks and Armored vehicles primarily from: Canada ($222M), Italy ($86.7M), Germany ($15.7M), Israel ($15.4M), and South Korea ($7.86M).

The fastest growing import markets in Tanks and Armored vehicles for United States between 2021 and 2022 were Canada ($41.7M), Italy ($14.5M), and Israel ($3.93M).

COMPANIES In 2023, leading companies such as Red Bull (2) and J.C. Bamford (1) were at the forefront of shipping Tanks and Armored vehicles to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Tanks and Armored vehicles exports accounted up to $165M and imports accounted up to $43.1M, resulting in a positive trade balance of $122M. Between August 2023 and August 2024 the exports of United States'   Tanks and Armored vehicles have increased by $13.7M (9.01%) from $152M to $165M, while imports increased by $3.79M (9.66%) from $39.3M to $43.1M.

Destinations In August 2024, Tanks and Armored vehicles were exported mostly to Australia ($97.7M), South Korea ($12.9M), Israel ($11.8M), Lebanon ($9.05M), and Canada ($5.08M), and were imported mostly from Canada ($18.1M), Italy ($6.24M), France ($5.58M), Switzerland ($4.87M), and Israel ($3.35M).

Growth In August 2024, the increase in Tanks and Armored vehicles's year-by-year exports was explained primarily by an increase in exports to Thailand ($40.7M or 225k%), Romania ($4.79M or 11.3k%), and Jordan ($2.13M or 440%). In August 2024, the increase in Tanks and Armored vehicles's year-by-year imports was explained primarily by an increase in imports from Canada ($5.34M or 47.6%), Switzerland ($4.04M or 245%), and Italy ($3.14M or 58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$13.7M(9.01%)
IMPORT GROWTH (August 2023 - August 2024)$3.79M(9.66%)
MAIN EXPORTER (August 2024)California$155M
MAIN DESTINATION (August 2024)Australia$97.7M

This section shows Tanks and Armored 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 Tanks and Armored vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$954M
IMPORTS (2022)$379M
NET TRADE (2022)$576M

In 2022, United States exported $954M in Tanks and Armored vehicles. The main destinations of United States exports on Tanks and Armored vehicles were Kuwait ($299M), Saudi Arabia ($110M), Israel ($82.2M), Canada ($74.4M), and Colombia ($54.8M).

In 2022, United States imported $379M in Tanks and Armored vehicles, mainly from Canada ($222M), Italy ($86.7M), Germany ($15.7M), Israel ($15.4M), and South Korea ($7.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kuwait$125M (72.1%)
Thailand$51.8M (2.06k%)
Colombia$45.8M (513%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY United States WERE (2021 - 2022):
Chinese Taipei-$89.1M (-90.2%)
Romania-$80.8M (-99.9%)
Saudi Arabia-$51.6M (-31.9%)
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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 Tanks and Armored vehicles were:
Canada $954M
Germany $377M
In 2022, United States's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $10.4M
TOP IMPORT POTENTIALCanada+ $31.4M

Tanks and Armored vehicles’s highest export potential is Canada. With an export gap of $10.4M.   Tanks and Armored vehicles’s highest import potential is Canada with an import gap of $31.4M.

See methodology.

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