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2022
Exports $2.45BWorld Rnk 7 / 185
Flag Rnk 30 / 1216
2022
Destination $75.6M United States
2021 - 2022
FASTEST GROWING MARKET $75.6MUnited States
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $1.98BWorld Rnk 9 / 222
Flag Rnk 70 / 1214
2022
Origin $131M Japan
2021 - 2022
FASTEST GROWING ORIGIN $131MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $2.45B in Large Construction Vehicles, making it the 7th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 30th most exported product in United Kingdom. The main destination of Large Construction Vehicles exports from United Kingdom are: United States ($451M), Germany ($192M), Ireland ($165M), France ($138M), and Poland ($130M).

The fastest growing export markets for Large Construction Vehicles of United Kingdom between 2021 and 2022 were United States ($75.6M), Japan ($17.9M), and Turkey ($15.4M).

Imports In 2022, United Kingdom imported $1.98B in Large Construction Vehicles, becoming the 9th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 70th most imported product in United Kingdom. United Kingdom imports Large Construction Vehicles primarily from: Japan ($404M), China ($250M), Netherlands ($242M), Germany ($209M), and South Korea ($141M).

The fastest growing import markets in Large Construction Vehicles for United Kingdom between 2021 and 2022 were China ($131M), Sweden ($51.2M), and Hong Kong ($24.1M).

COMPANIES In 2023, leading companies such as John Deere (54), CNH Industrial (51), and J.C. Bamford (8) were at the forefront of shipping Large Construction Vehicles from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Large Construction Vehicles exports accounted up to £185M and imports accounted up to £132M, resulting in a positive trade balance of £52.8M. Between June 2023 and June 2024 the exports of United Kingdom's   Large Construction Vehicles have decreased by £-28.9M (-13.5%) from £214M to £185M, while imports decreased by £-17M (-11.4%) from £149M to £132M.

Destinations In June 2024, Large Construction Vehicles were exported mostly to United States (£40.3M), Poland (£16.8M), Germany (£14.3M), Netherlands (£12.5M), and Ireland (£10.9M), and were imported mostly from Netherlands (£27M), Belgium (£21.8M), China (£17.1M), Japan (£14.2M), and South Korea (£11.7M).

Growth In June 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Finland (£-1.29M or -55%), Ukraine (£-1.22M or -53.9%), and Netherlands (£-786k or -11.1%). In June 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Germany (£-5.19M or -27.4%), Switzerland (£-3.17M or -77.3%), and Austria (£-1.16M or -75.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-28.9M(-13.5%)
IMPORT GROWTH (June 2023 - June 2024)£-17M(-11.4%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£71.6M
MAIN DESTINATION (June 2024)United States£40.3M

This section shows Large Construction Vehicles's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.45B
IMPORTS (2022)$1.98B
NET TRADE (2022)$470M

In 2022, United Kingdom exported $2.45B in Large Construction Vehicles. The main destinations of United Kingdom exports on Large Construction Vehicles were United States ($451M), Germany ($192M), Ireland ($165M), France ($138M), and Poland ($130M).

In 2022, United Kingdom imported $1.98B in Large Construction Vehicles, mainly from Japan ($404M), China ($250M), Netherlands ($242M), Germany ($209M), and South Korea ($141M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$75.6M (20.1%)
Japan$17.9M (36.2%)
Turkey$15.4M (26.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY United Kingdom WERE (2021 - 2022):
Russia-$140M (-77.5%)
Ukraine-$40.5M (-62.6%)
Netherlands-$32.5M (-21.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Large Construction Vehicles were:
China $14.3B
Japan $13B
United States $5.24B
In 2022, United Kingdom's main importing competitors in Large Construction Vehicles were:
United States $10.7B
Canada $4.04B
Australia $2.75B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $96M
TOP IMPORT POTENTIALChina+ $108M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $96M.   Large Construction Vehicles’s highest import potential is China with an import gap of $108M.

See methodology.

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