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842952 (Harmonized System 1992 for 6-digit)

2023
World Trade $36.4BRnk 81 / 4644
2023
Top Exporter | Top Importer $11B | $7.24BJapan | United States
2023
Product Complexity 1.31Rnk 319 / 4656
2022 - 2023
Export Growth (CAGR) 10%Rnk 682 / 4644
2023
Share of World Trade 0.16%Rnk 81 / 4644

About

Overview This page contains the latest trade data of Shovels and excavators with revolving superstructure. In 2023, Shovels and excavators with revolving superstructure were the world's 81st most traded product, with a total trade of $36.4B. Between 2022 and 2023 the exports of Shovels and excavators with revolving superstructure grew by 10%, from $33B to $36.4B. Trade in Shovels and excavators with revolving superstructure represent 0.16% of total world trade.

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

Exports In 2023 the top exporters of Shovels and excavators with revolving superstructure  were Japan ($11B), China ($8.52B), South Korea ($3.87B), Germany ($1.9B), and France ($1.61B).

Imports In 2023 the top importers of Shovels and excavators with revolving superstructure were United States ($7.24B), Netherlands ($2.08B), Canada ($1.71B), Germany ($1.66B), and Belgium ($1.5B).

Ranking Shovels and excavators with revolving superstructure ranks 319th 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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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 (2023)Japan$11B
Top Destination (2023)United States$7.24B

In 2023 Shovels and excavators with revolving superstructure were the world's 81st most traded product (out of 4,644).

In 2023, the top exporters of Shovels and excavators with revolving superstructure were Japan ($11B), China ($8.52B), South Korea ($3.87B), Germany ($1.9B), and France ($1.61B).

In 2023, the top importers of Shovels and excavators with revolving superstructure were United States ($7.24B), Netherlands ($2.08B), Canada ($1.71B), Germany ($1.66B), and Belgium ($1.5B).

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Exporters of Shovels and excavators with revolving superstructure (2023)
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Importers of Shovels and excavators with revolving superstructure (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$1.36B
Top Destination Growth (2022 -  2023)United States$1.7B

Between 2022 and 2023, the exports of Shovels and excavators with revolving superstructure grew the fastest in Japan ($1.36B), China ($739M), France ($380M), Germany ($361M), and Austria ($141M).

Between 2022 and 2023, the fastest growing importers of Shovels and excavators with revolving superstructure were United States ($1.7B), Turkey ($614M), United Arab Emirates ($312M), Saudi Arabia ($266M), and France ($186M).

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Exporters of Shovels and excavators with revolving superstructure (2022 - 2023)

Importers of Shovels and excavators with revolving superstructure (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.38. 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 (2023)Japan$10.8B
TOP NET IMPORTER (2023)United States$6.49B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Shovels and excavators with revolving superstructure were Japan ($10.8B), China ($8.33B), South Korea ($3.73B), France ($489M), and Austria ($298M).

In 2023, the countries that had a largest trade value in imports than in exports of Shovels and excavators with revolving superstructure were United States ($6.49B), Canada ($1.69B), Australia ($1.24B), Russia ($1.16B), and Turkey ($998M).

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 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 (2023)

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