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842951 (Harmonized System 1992 for 6-digit)

2023
World Trade $18BRnk 183 / 4644
2023
Top Exporter | Top Importer $3.84B | $3.72BChina | United States
2023
Product Complexity 1.15Rnk 547 / 4656
2022 - 2023
Export Growth (CAGR) 14.8%Rnk 447 / 4644
2023
Share of World Trade 0.08%Rnk 183 / 4644

About

Overview This page contains the latest trade data of Front end shovel loaders. In 2023, Front end shovel loaders were the world's 183rd most traded product, with a total trade of $18B. Between 2022 and 2023 the exports of Front end shovel loaders grew by 14.8%, from $15.7B to $18B. Trade in Front end shovel loaders represent 0.08% of total world trade.

Front end shovel loaders are a part of Large Construction Vehicles.

Exports In 2023 the top exporters of Front end shovel loaders  were China ($3.84B), United States ($2.36B), Japan ($1.83B), Sweden ($1.34B), and Germany ($1.34B).

Imports In 2023 the top importers of Front end shovel loaders were United States ($3.72B), Canada ($1.89B), Germany ($1.04B), Australia ($906M), and France ($558M).

Ranking Front end shovel loaders ranks 547th in the Product Complexity Index (PCI).

Description A front end loader is a motorized vehicle that has a large bucket which is used to move materials or earth. The bucket can be raised or lowered, and can be used to scoop materials and load them into the bucket, as well as to move materials on a flat surface.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Front end shovel loaders. 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$3.84B
Top Destination (2023)United States$3.72B

In 2023 Front end shovel loaders were the world's 183rd most traded product (out of 4,644).

In 2023, the top exporters of Front end shovel loaders were China ($3.84B), United States ($2.36B), Japan ($1.83B), Sweden ($1.34B), and Germany ($1.34B).

In 2023, the top importers of Front end shovel loaders were United States ($3.72B), Canada ($1.89B), Germany ($1.04B), Australia ($906M), and France ($558M).

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Exporters of Front end shovel loaders (2023)
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Importers of Front end shovel loaders (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$502M
Top Destination Growth (2022 -  2023)United States$672M

Between 2022 and 2023, the exports of Front end shovel loaders grew the fastest in China ($502M), United States ($496M), United Kingdom ($300M), Austria ($282M), and South Korea ($262M).

Between 2022 and 2023, the fastest growing importers of Front end shovel loaders were United States ($672M), Canada ($488M), Germany ($175M), France ($153M), and United Arab Emirates ($151M).

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Exporters of Front end shovel loaders (2022 - 2023)

Importers of Front end shovel loaders (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Front end shovel loaders.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Front end shovel loaders are explained by 15 countries.

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Value of Exports in Front end shovel loaders

Net Trade

TOP NET EXPORTER (2023)China$3.81B
TOP NET IMPORTER (2023)Canada$1.85B

This map shows which countries export or import more of Front end shovel loaders. Each country is colored based on the difference in exports and imports of Front end shovel loaders during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Front end shovel loaders were China ($3.81B), Japan ($1.65B), Sweden ($1.15B), United Kingdom ($774M), and Brazil ($747M).

In 2023, the countries that had a largest trade value in imports than in exports of Front end shovel loaders were Canada ($1.85B), United States ($1.37B), Australia ($891M), Russia ($556M), and Saudi Arabia ($327M).

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 Front end shovel loaders.
It is possible to select the main countries that export or import Front end shovel loaders in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Front end shovel loaders 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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