2022
Exports
$39.3MWorld Rnk 58 / 221
Flag Rnk 127 / 1158
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$61.8MWorld Rnk 88 / 224
Flag Rnk 160 / 1188
2022
ECONOMIC COMPLEXITY of Ukraine
0.5Rnk 44 / 133

About

Exports In 2022, Ukraine exported $39.3M in Excavation Machinery, making it the 58th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 127th most exported product in Ukraine. The main destination of Excavation Machinery exports from Ukraine are: Denmark ($7.14M), Germany ($6.84M), Finland ($4.52M), Russia ($3.56M), and Poland ($3.02M).

The fastest growing export markets for Excavation Machinery of Ukraine between 2021 and 2022 were Lithuania ($419k), Australia ($300k), and Italy ($264k).

Imports In 2022, Ukraine imported $61.8M in Excavation Machinery, becoming the 88th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 160th most imported product in Ukraine. Ukraine imports Excavation Machinery primarily from: Poland ($11.1M), Germany ($10.3M), China ($8.34M), Turkey ($5.16M), and Italy ($4.18M).

The fastest growing import markets in Excavation Machinery for Ukraine between 2021 and 2022 were Norway ($809k), Lithuania ($221k), and South Africa ($181k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.3M
IMPORTS (2022)$61.8M
NET TRADE (2022)-$22.6M

In 2022, Ukraine exported $39.3M in Excavation Machinery. The main destinations of Ukraine exports on Excavation Machinery were Denmark ($7.14M), Germany ($6.84M), Finland ($4.52M), Russia ($3.56M), and Poland ($3.02M).

In 2022, Ukraine imported $61.8M in Excavation Machinery, mainly from Poland ($11.1M), Germany ($10.3M), China ($8.34M), Turkey ($5.16M), and Italy ($4.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Ukraine WERE (2021 - 2022):
Lithuania$419k (90%)
Australia$300k (406%)
Italy$264k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Ukraine WERE (2021 - 2022):
Russia-$27.2M (-88.4%)
Finland-$6.14M (-57.6%)
Poland-$3.81M (-55.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ukraine's main exporting competitors in Excavation Machinery were:
In 2022, Ukraine's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $7.17M
TOP IMPORT POTENTIALChina+ $8.67M

Excavation Machinery’s highest export potential is United States. With an export gap of $7.17M.   Excavation Machinery’s highest import potential is China with an import gap of $8.67M.

See methodology.

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