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871000 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.8BRnk 234 / 4644
2023
Top Exporter | Top Importer $9.17B | $9.17BSingapore | Nigeria
2023
Product Complexity 0.27Rnk 2082 / 4656
2022 - 2023
Export Growth (CAGR) 273%Rnk 12 / 4644
2023
Share of World Trade 0.065%Rnk 234 / 4644

About

Overview This page contains the latest trade data of Tanks and other armoured fighting vehicles. In 2023, Tanks and other armoured fighting vehicles were the world's 234th most traded product, with a total trade of $14.8B. Between 2022 and 2023 the exports of Tanks and other armoured fighting vehicles grew by 273%, from $3.96B to $14.8B. Trade in Tanks and other armoured fighting vehicles represent 0.065% of total world trade.

Tanks and other armoured fighting vehicles are a part of Tanks and Armored vehicles.

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

Ranking Tanks and other armoured fighting vehicles ranks 2082nd in the Product Complexity Index (PCI).

Description The common uses of tanks and other armoured fighting vehicles is to provide heavy fire power and protection for infantry. They are also used to carry and transport infantry on the battlefield.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tanks and other armoured fighting 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 other armoured fighting vehicles were the world's 234th most traded product (out of 4,644).

In 2023, the top exporters of Tanks and other armoured fighting 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 other armoured fighting 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 other armoured fighting vehicles (2023)
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Importers of Tanks and other armoured fighting 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 other armoured fighting 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 other armoured fighting vehicles were Nigeria ($9.14B), Poland ($456M), Saudi Arabia ($437M), Ukraine ($301M), and United Kingdom ($129M).

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Exporters of Tanks and other armoured fighting vehicles (2022 - 2023)

Importers of Tanks and other armoured fighting vehicles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tanks and other armoured fighting vehicles.

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

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Value of Exports in Tanks and other armoured fighting 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 other armoured fighting vehicles. Each country is colored based on the difference in exports and imports of Tanks and other armoured fighting vehicles during 2023.

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

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Tanks and other armoured fighting vehicles.
It is possible to select the main countries that export or import Tanks and other armoured fighting vehicles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tanks and other armoured fighting vehicles 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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