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2022
Exports $6.88BWorld Rnk 1 / 184
Flag Rnk 101 / 1216
2022
Destination $165M Indonesia
2021 - 2022
FASTEST GROWING MARKET $165MIndonesia
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $1.3BWorld Rnk 5 / 219
Flag Rnk 183 / 1212
2022
Origin $24.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $24.1MSwitzerland
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $6.88B in Lifting Machinery, making it the 1st largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 101st most exported product in China. The main destination of Lifting Machinery exports from China are: Indonesia ($447M), Vietnam ($434M), United States ($404M), Australia ($369M), and India ($315M).

The fastest growing export markets for Lifting Machinery of China between 2021 and 2022 were Indonesia ($165M), India ($99.4M), and United States ($79.5M).

Imports In 2022, China imported $1.3B in Lifting Machinery, becoming the 5th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 183rd most imported product in China. China imports Lifting Machinery primarily from: Germany ($276M), Chinese Taipei ($197M), Japan ($155M), South Korea ($144M), and United States ($79.8M).

The fastest growing import markets in Lifting Machinery for China between 2021 and 2022 were Switzerland ($24.1M), Spain ($6.45M), and Austria ($5.06M).

COMPANIES In 2023, leading companies such as Yaheetech (1.94k), Tmall (1.54k), and Costco Wholesale (833) were at the forefront of shipping Lifting Machinery from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Lifting Machinery exports accounted up to $740M and imports accounted up to $111M, resulting in a positive trade balance of $629M. Between October 2023 and October 2024 the exports of China's   Lifting Machinery have increased by $167M (29.2%) from $573M to $740M, while imports decreased by $-36.4M (-24.8%) from $147M to $111M.

Destinations In October 2024, Lifting Machinery were exported mostly to Russia ($69.7M), Vietnam ($51.3M), United States ($39.5M), India ($39.5M), and Indonesia ($37.7M), and were imported mostly from Germany ($26.5M), Japan ($19M), France ($11.9M), Switzerland ($7.98M), and South Korea ($7.25M).

Growth In October 2024, the increase in Lifting Machinery's year-by-year exports was explained primarily by an increase in exports to Russia ($9.35M or 51.4%), United States ($8.96M or 36.1%), and Mexico ($7.87M or 62.4%). In October 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany ($-20.3M or -39.4%), Japan ($-13.5M or -48.3%), and Chinese Taipei ($-8.11M or -66.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$167M(29.2%)
IMPORT GROWTH (October 2023 - October 2024)$-36.4M(-24.8%)
MAIN EXPORTER (October 2024)Jiangsu Province$204M
MAIN DESTINATION (October 2024)Russia$69.7M

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.88B
IMPORTS (2022)$1.3B
NET TRADE (2022)$5.58B

In 2022, China exported $6.88B in Lifting Machinery. The main destinations of China exports on Lifting Machinery were Indonesia ($447M), Vietnam ($434M), United States ($404M), Australia ($369M), and India ($315M).

In 2022, China imported $1.3B in Lifting Machinery, mainly from Germany ($276M), Chinese Taipei ($197M), Japan ($155M), South Korea ($144M), and United States ($79.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$165M (58.4%)
India$99.4M (46.1%)
United States$79.5M (24.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY China WERE (2021 - 2022):
Philippines-$37.7M (-26.2%)
Qatar-$20M (-33.2%)
Thailand-$19.7M (-7.65%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Lifting Machinery were:
Germany $5.16B
Italy $2.48B
In 2022, China's main importing competitors in Lifting Machinery were:
United States $5.58B
Germany $2.32B
United Kingdom $1.44B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $232M
TOP IMPORT POTENTIALGermany+ $64.2M

Lifting Machinery’s highest export potential is United States. With an export gap of $232M.   Lifting Machinery’s highest import potential is Germany with an import gap of $64.2M.

See methodology.

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