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Tractors; (other than tractors of heading no 8709)

8701 (Harmonized System 1992 for 4-digit)

2023
World Trade $86.5BRnk 40 / 1217
2023
Top Exporter | Top Importer $14.1B | $19BMexico | United States
2023
Product Complexity 0.78Rnk 260 / 1044
2022 - 2023
Export Growth (CAGR) 21.5%Rnk 58 / 1217
2023
Share of World Trade 0.38%Rnk 40 / 1217

About

Overview This page contains the latest trade data of Tractors. In 2023, Tractors were the world's 40th most traded product, with a total trade of $86.5B. Between 2022 and 2023 the exports of Tractors grew by 21.5%, from $71.2B to $86.5B. Trade in Tractors represent 0.38% of total world trade.

Tractors are a part of Cars, tractors, trucks & parts thereof.. They include Truck tractors, Wheeled tractors, Crawlers, and Pedestrian controlled tractors.

Exports In 2023 the top exporters of Tractors  were Mexico ($14.1B), Germany ($13.7B), Netherlands ($7.47B), China ($7.45B), and United States ($6.44B).

Imports In 2023 the top importers of Tractors were United States ($19B), Canada ($5.94B), France ($5.51B), Germany ($4.79B), and Russia ($3.92B).

Ranking Tractors ranks 260th in the Product Complexity Index (PCI).

Description Tractors are used to move heavy objects, such as construction equipment and farm machinery. Tractors can be powered by a variety of different fuels, including gasoline, diesel, and natural gas.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tractors. 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)Mexico$14.1B
Top Destination (2023)United States$19B

In 2023 Tractors were the world's 40th most traded product (out of 1,217).

In 2023, the top exporters of Tractors were Mexico ($14.1B), Germany ($13.7B), Netherlands ($7.47B), China ($7.45B), and United States ($6.44B).

In 2023, the top importers of Tractors were United States ($19B), Canada ($5.94B), France ($5.51B), Germany ($4.79B), and Russia ($3.92B).

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Exporters of Tractors (2023)
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Importers of Tractors (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$3.92B
Top Destination Growth (2022 -  2023)Russia$3.09B

Between 2022 and 2023, the exports of Tractors grew the fastest in China ($3.92B), Germany ($2.7B), Mexico ($2.03B), Netherlands ($1.79B), and United States ($1.34B).

Between 2022 and 2023, the fastest growing importers of Tractors were Russia ($3.09B), Germany ($1.63B), Canada ($1.25B), France ($1.23B), and Turkey ($1.09B).

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Exporters of Tractors (2022 - 2023)

Importers of Tractors (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tractors.

In 2023, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Tractors are explained by 17 countries.

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Value of Exports in Tractors

Net Trade

TOP NET EXPORTER (2023)Mexico$13.1B
TOP NET IMPORTER (2023)United States$12.5B

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

In 2023, the countries that had a largest trade value in exports than in imports of Tractors were Mexico ($13.1B), Germany ($8.93B), China ($7.25B), Netherlands ($5.81B), and Sweden ($2.57B).

In 2023, the countries that had a largest trade value in imports than in exports of Tractors were United States ($12.5B), Canada ($5.44B), Russia ($3.88B), Australia ($1.92B), and Poland ($1.48B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Tractors, disaggragated by their HS6 level were Truck tractors ($52.6B), Wheeled tractors ($31.3B), Crawlers ($2.04B), and Pedestrian controlled tractors ($542M)

HS6 Disaggregation for Tractors (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tractors by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $76.9M
TOP IMPORT POTENTIALMexico+ $226M

Tractors’s highest export potential is Germany. With an export gap of $76.9M.  Tractors’s highest import potential is Mexico with an import gap of $226M.

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 Tractors.

Country by Relatedness

The following visualization shows the relatedness of Tractors 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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