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Tanks and other armoured fighting vehicles; motorised, whether or not fitted with weapons, and parts of such vehicles

8710 (Harmonized System 1992 for 4-digit)

2023
World Trade $14.8BRnk 271 / 1217
2023
Top Exporter | Top Importer $9.17B | $9.17BSingapore | Nigeria
2023
Product Complexity 0.095Rnk 537 / 1044
2022 - 2023
Export Growth (CAGR) 273%Rnk 2 / 1217
2023
Share of World Trade 0.065%Rnk 271 / 1217

About

Overview This page contains the latest trade data of Tanks and Armored vehicles. In 2023, Tanks and Armored vehicles were the world's 271st most traded product, with a total trade of $14.8B. Between 2022 and 2023 the exports of Tanks and Armored vehicles grew by 273%, from $3.96B to $14.8B. Trade in Tanks and Armored vehicles represent 0.065% of total world trade.

Tanks and Armored vehicles are a part of Cars, tractors, trucks & parts thereof.. They include Tanks and other armoured fighting vehicles.

Exports In 2023 the top exporters of Tanks and Armored vehicles  were Singapore ($9.17B), Canada ($1.62B), United States ($963M), South Korea ($546M), and Germany ($462M).

Imports In 2023 the top importers of Tanks and Armored vehicles were Nigeria ($9.17B), Saudi Arabia ($1.11B), Poland ($659M), United States ($452M), and Ukraine ($431M).

Ranking Tanks and Armored vehicles ranks 537th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tanks and Armored vehicles. 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)Singapore$9.17B
Top Destination (2023)Nigeria$9.17B

In 2023 Tanks and Armored vehicles were the world's 271st most traded product (out of 1,217).

In 2023, the top exporters of Tanks and Armored vehicles were Singapore ($9.17B), Canada ($1.62B), United States ($963M), South Korea ($546M), and Germany ($462M).

In 2023, the top importers of Tanks and Armored vehicles were Nigeria ($9.17B), Saudi Arabia ($1.11B), Poland ($659M), United States ($452M), and Ukraine ($431M).

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Exporters of Tanks and Armored vehicles (2023)
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Importers of Tanks and Armored vehicles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$9.16B
Top Destination Growth (2022 -  2023)Nigeria$9.14B

Between 2022 and 2023, the exports of Tanks and Armored vehicles grew the fastest in Singapore ($9.16B), Canada ($700M), South Korea ($303M), Spain ($255M), and Australia ($109M).

Between 2022 and 2023, the fastest growing importers of Tanks and Armored vehicles were Nigeria ($9.14B), Poland ($456M), Saudi Arabia ($437M), Ukraine ($301M), and United Kingdom ($129M).

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Exporters of Tanks and Armored vehicles (2022 - 2023)

Importers of Tanks and Armored vehicles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tanks and Armored vehicles.

In 2023, market concentration measured using Shannon Entropy, was 2.33. This means that most of the exports of Tanks and Armored vehicles are explained by 5 countries.

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Value of Exports in Tanks and Armored vehicles

Net Trade

TOP NET EXPORTER (2023)Singapore$9.11B
TOP NET IMPORTER (2023)Saudi Arabia$1.11B

This map shows which countries export or import more of Tanks and Armored vehicles. Each country is colored based on the difference in exports and imports of Tanks and Armored vehicles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tanks and Armored vehicles were Singapore ($9.11B), Canada ($1.45B), United States ($511M), South Korea ($435M), and Germany ($312M).

In 2023, the countries that had a largest trade value in imports than in exports of Tanks and Armored vehicles were Saudi Arabia ($1.11B), Poland ($568M), Ukraine ($430M), Lithuania ($218M), and Indonesia ($129M).

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 Tanks and Armored vehicles.
It is possible to select the main countries that export or import Tanks and Armored vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tanks and Armored vehicles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $31.4M
TOP IMPORT POTENTIALUnited States+ $10.4M

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

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Tanks and Armored vehicles.

Country by Relatedness

The following visualization shows the relatedness of Tanks and Armored vehicles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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