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Armored vehicles: top exporters and importers (2024)

In 2024, world trade in armored vehicles totaled $7.3 billion (122 thousand tonnes). The top exporters were the United States (22%), Canada (19%) and South Korea (19%); the top importers were Poland (19%), Saudi Arabia (13%) and the United States (7%). Compared with 2019, the value rose 17%.

Summary

World trade
$7.3billion
Tonnes
122thousand tonnes
Price per tonne
$59,209
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. United States$1.6 billion · 21.9%
  2. Canada$1.4 billion · 18.8%
  3. South Korea$1.4 billion · 18.6%
  4. Germany$536 million · 7.3%
  5. Netherlands$381 million · 5.2%
    re-exports
  6. Spain$326 million · 4.5%
  7. Switzerland$320 million · 4.4%
  8. Croatia$146 million · 2%
  9. Israel$137 million · 1.9%
  10. Italy$101 million · 1.4%
  11. Sweden$97 million · 1.3%
  12. Finland$94 million · 1.3%
  13. South Africa$93 million · 1.3%
  14. United Kingdom$84 million · 1.2%
  15. China$84 million · 1.2%
  16. Turkey$69 million · 0.94%
  17. Denmark$67 million · 0.91%
  18. Slovakia$64 million · 0.88%
  19. United Arab Emirates$35 million · 0.48%
  20. Poland$34 million · 0.47%

Top importers

  1. Poland$1.4 billion · 18.9%
  2. Saudi Arabia$986 million · 13.4%
  3. United States$509 million · 6.9%
  4. Australia$430 million · 5.9%
  5. Ukraine$385 million · 5.2%
  6. Germany$339 million · 4.6%
  7. Belgium$306 million · 4.2%
    re-exports
  8. United Kingdom$280 million · 3.8%
  9. Israel$235 million · 3.2%
  10. South Korea$219 million · 3%
  11. Kenya$204 million · 2.8%
  12. Netherlands$167 million · 2.3%
    re-exports
  13. Canada$164 million · 2.2%
  14. Romania$152 million · 2.1%
  15. Sweden$150 million · 2%
  16. Lithuania$134 million · 1.8%
  17. Switzerland$110 million · 1.5%
  18. Spain$103 million · 1.4%
  19. Norway$101 million · 1.4%
  20. Indonesia$92 million · 1.3%

Trend

Who sells it

The United States has been the top exporter since 2024

Value in USD billions. The five largest exporters in 2024.

  • United States 1.6
  • Canada 1.4
  • South Korea 1.4
  • Germany 0.54
  • Netherlands 0.38

Source: CEPII BACI

Show the numbers
Country19952024
United States1.21.6
Canada0.191.4
South Korea< 0.011.4
Germany0.080.54
Netherlands< 0.010.38

Price

Implied price

The price per tonne rose 44% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $59,209

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$41,166
1996$39,899
1997$41,880
1998$46,744
1999$22,284
2000$16,913
2001$18,996
2002$30,340
2003$39,838
2004$46,044
2005$56,667
2006$9,356
2007$46,958
2008$43,439
2009$41,108
2010$45,520
2011$50,504
2012$39,034
2013$52,712
2014$41,309
2015$38,393
2016$34,179
2017$14,435
2018$64,012
2019$41,389
2020$23,358
2021$66,182
2022$47,136
2023$21,484
2024$59,209

What it includes

  • 8710 · Armored vehicles

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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