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843141 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.85BRnk 1147 / 4644
2023
Top Exporter | Top Importer $452M | $567MChina | United States
2023
Product Complexity 0.67Rnk 1336 / 4656
2022 - 2023
Export Growth (CAGR) -9.79%Rnk 2681 / 4644
2023
Share of World Trade 0.013%Rnk 1147 / 4644

About

Overview This page contains the latest trade data of Buckets, shovels, grabs etc for excavating machinery. In 2023, Buckets, shovels, grabs etc for excavating machinery were the world's 1147th most traded product, with a total trade of $2.85B. Between 2022 and 2023 the exports of Buckets, shovels, grabs etc for excavating machinery decreased by -9.79%, from $3.16B to $2.85B. Trade in Buckets, shovels, grabs etc for excavating machinery represent 0.013% of total world trade.

Buckets, shovels, grabs etc for excavating machinery are a part of Excavation Machinery.

Exports In 2023 the top exporters of Buckets, shovels, grabs etc for excavating machinery  were China ($452M), United States ($250M), Germany ($231M), Mexico ($221M), and Italy ($162M).

Imports In 2023 the top importers of Buckets, shovels, grabs etc for excavating machinery were United States ($567M), Germany ($215M), France ($184M), Canada ($126M), and United Kingdom ($125M).

Ranking Buckets, shovels, grabs etc for excavating machinery ranks 1336th in the Product Complexity Index (PCI).

Description Buckets and shovels are used for excavating. Grab holds the excavated material and places it in a pile.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Buckets, shovels, grabs etc for excavating machinery. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$452M
Top Destination (2023)United States$567M

In 2023 Buckets, shovels, grabs etc for excavating machinery were the world's 1147th most traded product (out of 4,644).

In 2023, the top exporters of Buckets, shovels, grabs etc for excavating machinery were China ($452M), United States ($250M), Germany ($231M), Mexico ($221M), and Italy ($162M).

In 2023, the top importers of Buckets, shovels, grabs etc for excavating machinery were United States ($567M), Germany ($215M), France ($184M), Canada ($126M), and United Kingdom ($125M).

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Exporters of Buckets, shovels, grabs etc for excavating machinery (2023)
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Importers of Buckets, shovels, grabs etc for excavating machinery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$7.51M
Top Destination Growth (2022 -  2023)Denmark$7.24M

Between 2022 and 2023, the exports of Buckets, shovels, grabs etc for excavating machinery grew the fastest in Indonesia ($7.51M), Belgium ($6.32M), Spain ($5.46M), Ireland ($5.45M), and Poland ($5.03M).

Between 2022 and 2023, the fastest growing importers of Buckets, shovels, grabs etc for excavating machinery were Denmark ($7.24M), Romania ($6.34M), Belgium ($6.13M), South Africa ($4.94M), and Turkey ($4.64M).

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Exporters of Buckets, shovels, grabs etc for excavating machinery (2022 - 2023)

Importers of Buckets, shovels, grabs etc for excavating machinery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Buckets, shovels, grabs etc for excavating machinery.

In 2023, market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Buckets, shovels, grabs etc for excavating machinery are explained by 25 countries.

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Value of Exports in Buckets, shovels, grabs etc for excavating machinery

Net Trade

TOP NET EXPORTER (2023)China$422M
TOP NET IMPORTER (2023)United States$317M

This map shows which countries export or import more of Buckets, shovels, grabs etc for excavating machinery. Each country is colored based on the difference in exports and imports of Buckets, shovels, grabs etc for excavating machinery during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Buckets, shovels, grabs etc for excavating machinery were China ($422M), Mexico ($141M), Italy ($119M), Poland ($88.1M), and India ($57.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Buckets, shovels, grabs etc for excavating machinery were United States ($317M), France ($119M), Australia ($86.8M), Chile ($72.4M), and Brazil ($61.4M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Buckets, shovels, grabs etc for excavating machinery.
It is possible to select the main countries that export or import Buckets, shovels, grabs etc for excavating machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Buckets, shovels, grabs etc for excavating machinery by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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