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2022
Exports $2.16BWorld Rnk 3 / 171
Flag Rnk 144 / 1217
2022
Destination $98.3M Canada
2021 - 2022
FASTEST GROWING MARKET $98.3MCanada
2022
PRODUCT COMPLEXITY IN Fork-Lifts1.54Rnk 42 / 1025
2022
Imports $4.37BWorld Rnk 1 / 218
Flag Rnk 131 / 1216
2022
Origin $266M China
2021 - 2022
FASTEST GROWING ORIGIN $266MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.16B in Fork-Lifts, making it the 3rd largest exporter of Fork-Lifts in the world. At the same year, Fork-Lifts was the 144th most exported product in United States. The main destination of Fork-Lifts exports from United States are: Canada ($940M), Mexico ($344M), Netherlands ($141M), Australia ($100M), and United Kingdom ($91.4M).

The fastest growing export markets for Fork-Lifts of United States between 2021 and 2022 were Canada ($98.3M), Mexico ($43.4M), and Australia ($19.8M).

Imports In 2022, United States imported $4.37B in Fork-Lifts, becoming the 1st largest importer of Fork-Lifts in the world. At the same year, Fork-Lifts was the 131st most imported product in United States. United States imports Fork-Lifts primarily from: China ($813M), United Kingdom ($645M), South Korea ($624M), Canada ($619M), and Mexico ($370M).

The fastest growing import markets in Fork-Lifts for United States between 2021 and 2022 were United Kingdom ($266M), South Korea ($227M), and Mexico ($174M).

COMPANIES In 2023, leading companies such as J.C. Bamford (86), CrimsonLogic (58), and Volvo (36) were at the forefront of shipping Fork-Lifts to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Fork-Lifts exports accounted up to $239M and imports accounted up to $671M, resulting in a negative trade balance of $433M. Between August 2023 and August 2024 the exports of United States'   Fork-Lifts have decreased by $-24.8M (-9.43%) from $263M to $239M, while imports increased by $146M (27.9%) from $525M to $671M.

Destinations In August 2024, Fork-Lifts were exported mostly to Canada ($117M), Mexico ($46.6M), Australia ($15.1M), United Kingdom ($13.6M), and Belgium ($9.25M), and were imported mostly from Mexico ($118M), China ($109M), United Kingdom ($89.8M), South Korea ($64.6M), and Japan ($62.4M).

Growth In August 2024, the decrease in Fork-Lifts's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-15.8M or -92.4%), United Kingdom ($-9.86M or -72.2%), and Israel ($-6.03M or -79.1%). In August 2024, the increase in Fork-Lifts's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($56.3M or 201%), South Korea ($36.7M or 136%), and Italy ($33.4M or 212%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-24.8M(-9.43%)
IMPORT GROWTH (August 2023 - August 2024)$146M(27.9%)
MAIN EXPORTER (August 2024)Massachusetts$41M
MAIN DESTINATION (August 2024)Canada$117M

This section shows Fork-Lifts's exports and imports data at subnational level for United States. 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 Fork-Lifts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.16B
IMPORTS (2022)$4.37B
NET TRADE (2022)-$2.21B

In 2022, United States exported $2.16B in Fork-Lifts. The main destinations of United States exports on Fork-Lifts were Canada ($940M), Mexico ($344M), Netherlands ($141M), Australia ($100M), and United Kingdom ($91.4M).

In 2022, United States imported $4.37B in Fork-Lifts, mainly from China ($813M), United Kingdom ($645M), South Korea ($624M), Canada ($619M), and Mexico ($370M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fork-Lifts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$98.3M (11.7%)
Mexico$43.4M (14.4%)
Australia$19.8M (24.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fork-Lifts BY United States WERE (2021 - 2022):
Netherlands-$41.1M (-22.6%)
United Kingdom-$20.6M (-18.4%)
Sweden-$6.4M (-93.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Fork-Lifts were:
China $6.29B
Germany $3.95B
In 2022, United States's main importing competitors in Fork-Lifts were:
Germany $1.4B
Netherlands $1.4B

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Trade Value of Fork-Lifts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $20.7M
TOP IMPORT POTENTIALChina+ $139M

Fork-Lifts’s highest export potential is United Kingdom. With an export gap of $20.7M.   Fork-Lifts’s highest import potential is China with an import gap of $139M.

See methodology.

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