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Excavators and construction machinery: top exporters and importers (2024)

In 2024, world trade in excavators and construction machinery totaled $59.8 billion (10.8 million tonnes). The top exporters were China (26%), Japan (20%) and the United States (7%); the top importers were the United States (19%), Canada (6%) and Russia (4%). Compared with 2019, the value rose 22%.

Summary

World trade
$59.8billion
Tonnes
10.8million tonnes
Price per tonne
$5,529
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$15.4 billion · 25.8%
    see destinations
  2. Japan$11.8 billion · 19.7%
    see destinations
  3. United States$4.1 billion · 6.8%
    see destinations
  4. Germany$3.8 billion · 6.3%
    see destinations
  5. South Korea$2.8 billion · 4.8%
    see destinations
  6. Brazil$2.8 billion · 4.7%
    see destinations
  7. United Kingdom$2.7 billion · 4.6%
    see destinations
  8. France$2 billion · 3.4%
    see destinations
  9. Sweden$1.6 billion · 2.7%
    see destinations
  10. Austria$1.6 billion · 2.6%
    see destinations
  11. India$1.6 billion · 2.6%
    see destinations
  12. Netherlands$1.5 billion · 2.5%
    re-exports · see destinations
  13. Belgium$1.2 billion · 2.1%
    re-exports
  14. Thailand$1 billion · 1.7%
  15. Italy$883 million · 1.5%
  16. Czechia$845 million · 1.4%
  17. Indonesia$615 million · 1%
  18. Finland$522 million · 0.87%
  19. Turkey$401 million · 0.67%
  20. South Africa$229 million · 0.38%

Top importers

  1. United States$11.1 billion · 18.6%
    see sources
  2. Canada$3.6 billion · 6.1%
    see sources
  3. Russia$2.4 billion · 4.1%
    see sources
  4. Australia$2.3 billion · 3.8%
    see sources
  5. Germany$2 billion · 3.4%
    see sources
  6. Indonesia$1.9 billion · 3.2%
    see sources
  7. United Kingdom$1.5 billion · 2.5%
    see sources
  8. Italy$1.4 billion · 2.4%
    see sources
  9. Turkey$1.4 billion · 2.4%
    see sources
  10. Netherlands$1.3 billion · 2.3%
    re-exports
  11. Mexico$1.3 billion · 2.2%
  12. France$1.3 billion · 2.2%
  13. Belgium$1.3 billion · 2.1%
    re-exports
  14. Saudi Arabia$1.1 billion · 1.9%
  15. Poland$1.1 billion · 1.8%
  16. United Arab Emirates$1.1 billion · 1.8%
  17. Brazil$1.1 billion · 1.8%
  18. South Africa$884 million · 1.5%
  19. Peru$831 million · 1.4%
  20. Spain$759 million · 1.3%

Trend

Who sells it

China has been the top exporter since 2022

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

  • China 15.4
  • Japan 11.8
  • United States 4.1
  • Germany 3.8
  • South Korea 2.8

Source: CEPII BACI

Show the numbers
Country19952024
China0.0915.4
Japan3.911.8
United States2.24.1
Germany1.23.8
South Korea0.642.8

Price

Implied price

The price per tonne rose 207% since 1995

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

  • 2024: $5,529

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,803
1996$4,807
1997$2,605
1998$2,992
1999$2,595
2000$4,473
2001$4,331
2002$4,043
2003$4,335
2004$4,843
2005$5,013
2006$5,030
2007$5,579
2008$6,012
2009$5,728
2010$5,648
2011$5,928
2012$5,958
2013$5,845
2014$6,063
2015$5,626
2016$5,508
2017$5,451
2018$5,857
2019$5,669
2020$5,326
2021$5,593
2022$5,766
2023$6,128
2024$5,529

What it includes

Self-propelled bulldozers, graders, shovels and excavators.

  • 8429 · Bulldozers and excavators

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.

See all products