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842952 (Harmonized System 1992 for 6-digit)

2022
World Trade $33.6BRnk 89 / 4648
2022
Top Exporter | Top Importer $9.06B | $5.49BJapan | United States
2022
Product Complexity 1.29Rnk 381 / 4653
2021 - 2022
Export Growth (CAGR) 18.2%Rnk 904 / 4648
2022
Share of World Trade 0.14%Rnk 89 / 4648

About

Overview This page contains the latest trade data of Shovels and excavators with revolving superstructure. In 2022, Shovels and excavators with revolving superstructure were the world's 89th most traded product, with a total trade of $33.6B. Between 2021 and 2022 the exports of Shovels and excavators with revolving superstructure grew by 18.2%, from $28.4B to $33.6B. Trade in Shovels and excavators with revolving superstructure represent 0.14% of total world trade.

Shovels and excavators with revolving superstructure are a part of Large Construction Vehicles.

Exports In 2022 the top exporters of Shovels and excavators with revolving superstructure  were Japan ($9.06B), China ($8.66B), South Korea ($3.49B), Netherlands ($1.65B), and Germany ($1.65B).

Imports In 2022 the top importers of Shovels and excavators with revolving superstructure were United States ($5.49B), Belgium ($2.13B), Indonesia ($1.79B), Canada ($1.77B), and Netherlands ($1.67B).

Ranking Shovels and excavators with revolving superstructure ranks 381st in the Product Complexity Index (PCI).

Description A shovel is a construction machine with a bucket on the front end to hold the material that it will scoop up. An excavator is a construction machine that can scoop up material and then dump it.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Shovels and excavators with revolving superstructure. 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 (2022)Japan$9.06B
Top Destination (2022)United States$5.49B

In 2022 Shovels and excavators with revolving superstructure were the world's 89th most traded product (out of 4,648).

In 2022, the top exporters of Shovels and excavators with revolving superstructure were Japan ($9.06B), China ($8.66B), South Korea ($3.49B), Netherlands ($1.65B), and Germany ($1.65B).

In 2022, the top importers of Shovels and excavators with revolving superstructure were United States ($5.49B), Belgium ($2.13B), Indonesia ($1.79B), Canada ($1.77B), and Netherlands ($1.67B).

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Exporters of Shovels and excavators with revolving superstructure (2022)
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Importers of Shovels and excavators with revolving superstructure (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$3.51B
Top Destination Growth (2021 -  2022)United States$1.6B

Between 2021 and 2022, the exports of Shovels and excavators with revolving superstructure grew the fastest in China ($3.51B), Japan ($801M), United States ($404M), Indonesia ($218M), and Thailand ($158M).

Between 2021 and 2022, the fastest growing importers of Shovels and excavators with revolving superstructure were United States ($1.6B), Indonesia ($618M), Canada ($571M), Belgium ($494M), and Vietnam ($421M).

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Exporters of Shovels and excavators with revolving superstructure (2021 - 2022)

Importers of Shovels and excavators with revolving superstructure (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Shovels and excavators with revolving superstructure.

In 2022, market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Shovels and excavators with revolving superstructure are explained by 10 countries.

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Value of Exports in Shovels and excavators with revolving superstructure

Net Trade

TOP NET EXPORTER (2022)Japan$8.99B
TOP NET IMPORTER (2022)United States$3.99B

This map shows which countries export or import more of Shovels and excavators with revolving superstructure. Each country is colored based on the difference in exports and imports of Shovels and excavators with revolving superstructure during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Shovels and excavators with revolving superstructure were Japan ($8.99B), China ($8.53B), South Korea ($3.36B), Czechia ($145M), and Germany ($141M).

In 2022, the countries that had a largest trade value in imports than in exports of Shovels and excavators with revolving superstructure were United States ($3.99B), Canada ($1.73B), Indonesia ($1.25B), Russia ($1.16B), and Australia ($1.13B).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Shovels and excavators with revolving superstructure.
It is possible to select the main countries that export or import Shovels and excavators with revolving superstructure in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Shovels and excavators with revolving superstructure 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 (2022)

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