Cranes in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $4.1B in Cranes, making it the 1st largest exporter of Cranes in the world. At the same year, Cranes was the 170th most exported product in China. The main destination of Cranes exports from China are: Indonesia ($415M), Singapore ($360M), India ($346M), Chinese Taipei ($227M), and Russia ($209M).

The fastest growing export markets for Cranes of China between 2021 and 2022 were Indonesia ($287M), Chinese Taipei ($195M), and Saudi Arabia ($104M).

Imports In 2022, China imported $200M in Cranes, becoming the 24th largest importer of Cranes in the world. At the same year, Cranes was the 521st most imported product in China. China imports Cranes primarily from: China ($70.7M), Netherlands ($15.4M), Poland ($13M), Norway ($11.6M), and Italy ($10.5M).

The fastest growing import markets in Cranes for China between 2021 and 2022 were China ($50.6M), Norway ($10.7M), and Thailand ($4.09M).

COMPANIES In 2023, leading companies such as HANKOOK TIRE AMERICA CORP. (5.78k), TREDIT TIRE & WHEEL CO., INC. (4.24k), and AMAZON SERVICES LLC (2.44k) were at the forefront of shipping Cranes from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Cranes exports accounted up to $288M and imports accounted up to $20.4M, resulting in a positive trade balance of $267M. Between February 2023 and February 2024 the exports of China's Cranes have decreased by $-38.4M (-11.8%) from $326M to $288M, while imports increased by $18.3M (876%) from $2.09M to $20.4M.

Destinations In February 2024, Cranes were exported mostly to United Arab Emirates ($47.7M), Singapore ($38.5M), Taiwan ($37M), Russia ($23.6M), and Indonesia ($23.3M), and were imported mostly from Germany ($13.7M), United States ($5.99M), Slovenia ($240k), South Korea ($214k), and Thailand ($67.9k).

Growth In February 2024, the decrease in Cranes's year-by-year exports was explained primarily by a decrease in exports to Israel ($-56.6M or -96%), United States ($-37.5M or -91.6%), and Indonesia ($-17.4M or -45.6%). In February 2024, the increase in Cranes's year-by-year imports was explained primarily by an increase in imports from China ($20.7M or 288k%), Italy ($4.2M or 5k%), and Germany ($872k or 43.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-38.4M(-11.8%)

IMPORT GROWTH (February 2023 - February 2024)$18.3M(876%)

MAIN EXPORTER (February 2024)Shanghai Province$307M

MAIN DESTINATION (February 2024)United Arab Emirates$47.7M

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.1B

IMPORTS (2022)$200M

NET TRADE (2022)$3.9B

In 2022, China exported $4.1B in Cranes. The main destinations of China exports on Cranes were Indonesia ($415M), Singapore ($360M), India ($346M), Chinese Taipei ($227M), and Russia ($209M).

In 2022, China imported $200M in Cranes, mainly from China ($70.7M), Netherlands ($15.4M), Poland ($13M), Norway ($11.6M), and Italy ($10.5M).

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