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Pricing

2022
Exports $220MWorld Rnk 1 / 133
Flag Rnk 1715 / 4606
2022
Destination $5.24M United States
2021 - 2022
FASTEST GROWING MARKET $5.24MRussia
2022
Imports $37.7MWorld Rnk 7 / 201
Flag Rnk 1849 / 4539
2022
Origin $1.78M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.78MSouth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $220M in Electric hoists (except skip and vehicle hoists), making it the 1st largest exporter of Electric hoists (except skip and vehicle hoists) in the world. At the same year, Electric hoists (except skip and vehicle hoists) was the 1715th most exported product in China. The main destination of Electric hoists (except skip and vehicle hoists) exports from China are: United States ($19.8M), Vietnam ($16.7M), Indonesia ($15.6M), Russia ($15.5M), and South Korea ($11.3M).

The fastest growing export markets for Electric hoists (except skip and vehicle hoists) of China between 2021 and 2022 were Russia ($5.24M), Indonesia ($5.06M), and Vietnam ($5.01M).

Imports In 2022, China imported $37.7M in Electric hoists (except skip and vehicle hoists), becoming the 7th largest importer of Electric hoists (except skip and vehicle hoists) in the world. At the same year, Electric hoists (except skip and vehicle hoists) was the 1849th most imported product in China. China imports Electric hoists (except skip and vehicle hoists) primarily from: Germany ($13.5M), Japan ($5.53M), Finland ($5.06M), Spain ($4.1M), and South Korea ($2.12M).

The fastest growing import markets in Electric hoists (except skip and vehicle hoists) for China between 2021 and 2022 were South Korea ($1.78M), Finland ($1.66M), and Japan ($1.23M).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Electric hoists (except skip and vehicle hoists) from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Electric hoists (except skip and vehicle hoists) exports accounted up to $25.2M and imports accounted up to $3.71M, resulting in a positive trade balance of $21.5M. Between July 2023 and July 2024 the exports of China's   Electric hoists (except skip and vehicle hoists) have increased by $4.87M (23.9%) from $20.3M to $25.2M, while imports increased by $36.4k (0.99%) from $3.67M to $3.71M.

Destinations In July 2024, Electric hoists (except skip and vehicle hoists) were exported mostly to United States ($2.4M), Russia ($1.99M), Indonesia ($1.69M), Malaysia ($1.47M), and India ($1.4M), and were imported mostly from Finland ($1.23M), Germany ($794k), Japan ($434k), United Kingdom ($293k), and Spain ($259k).

Growth In July 2024, the increase in Electric hoists (except skip and vehicle hoists)'s year-by-year exports was explained primarily by an increase in exports to Russia ($1.03M or 122%), Serbia ($970k or 11.1k%), and Kazakhstan ($697k or 497%). In July 2024, the increase in Electric hoists (except skip and vehicle hoists)'s year-by-year imports was explained primarily by an increase in imports from Finland ($188k or 66.8%), Italy ($63.6k or 854%), and France ($45.9k or 450%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$4.87M(23.9%)
IMPORT GROWTH (July 2023 - July 2024)$36.4k(0.99%)
MAIN DESTINATION (July 2024)United States$2.4M

This section shows Electric hoists (except skip and vehicle hoists)'s exports and imports data at subnational level for China. 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 Electric hoists (except skip and vehicle hoists) over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Electric hoists (except skip and vehicle hoists) throughout time. Products without a clear unit are excluded.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$220M
IMPORTS (2022)$37.7M
NET TRADE (2022)$183M

In 2022, China exported $220M in Electric hoists (except skip and vehicle hoists). The main destinations of China exports on Electric hoists (except skip and vehicle hoists) were United States ($19.8M), Vietnam ($16.7M), Indonesia ($15.6M), Russia ($15.5M), and South Korea ($11.3M).

In 2022, China imported $37.7M in Electric hoists (except skip and vehicle hoists), mainly from Germany ($13.5M), Japan ($5.53M), Finland ($5.06M), Spain ($4.1M), and South Korea ($2.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric hoists (except skip and vehicle hoists) EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$5.24M (50.9%)
Indonesia$5.06M (47.7%)
Vietnam$5.01M (43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric hoists (except skip and vehicle hoists) BY China WERE (2021 - 2022):
Germany-$2.85M (-35.2%)
Algeria-$1.29M (-53.9%)
Serbia-$1.18M (-32.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Electric hoists (except skip and vehicle hoists) were:
Germany $209M
Finland $122M
In 2022, China's main importing competitors in Electric hoists (except skip and vehicle hoists) were:
United States $140M
Canada $113M
Germany $48.5M

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Trade Value of Electric hoists (except skip and vehicle hoists) by Exporters

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