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2022
Exports $967MWorld Rnk 12 / 184
Flag Rnk 83 / 1216
2022
Destination $26.4M United States
2021 - 2022
FASTEST GROWING MARKET $26.4MSingapore
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $1.44BWorld Rnk 3 / 219
Flag Rnk 95 / 1214
2022
Origin $65M Germany
2021 - 2022
FASTEST GROWING ORIGIN $65MAustria
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $967M in Lifting Machinery, making it the 12th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 83rd most exported product in United Kingdom. The main destination of Lifting Machinery exports from United Kingdom are: United States ($171M), Netherlands ($120M), France ($80.2M), Australia ($57.7M), and Germany ($54.8M).

The fastest growing export markets for Lifting Machinery of United Kingdom between 2021 and 2022 were Singapore ($26.4M), Poland ($17.4M), and Netherlands ($13.9M).

Imports In 2022, United Kingdom imported $1.44B in Lifting Machinery, becoming the 3rd largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 95th most imported product in United Kingdom. United Kingdom imports Lifting Machinery primarily from: Germany ($338M), Netherlands ($159M), Italy ($158M), China ($130M), and Austria ($86.6M).

The fastest growing import markets in Lifting Machinery for United Kingdom between 2021 and 2022 were Austria ($65M), China ($35.6M), and Denmark ($31.6M).

COMPANIES In 2023, leading companies such as Amazon (2), EBI Furniture and Mattresses (1), and Design Within Reach (1) were at the forefront of shipping Lifting Machinery from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Lifting Machinery exports accounted up to £56.9M and imports accounted up to £86.9M, resulting in a negative trade balance of £30M. Between August 2023 and August 2024 the exports of United Kingdom's   Lifting Machinery have decreased by £-12.5M (-18%) from £69.4M to £56.9M, while imports decreased by £-8.85M (-9.24%) from £95.8M to £86.9M.

Destinations In August 2024, Lifting Machinery were exported mostly to Netherlands (£11.4M), United States (£6.76M), Germany (£5.66M), Ireland (£4.99M), and France (£3.19M), and were imported mostly from Germany (£18.8M), Netherlands (£16.8M), China (£9.66M), Italy (£9.54M), and Spain (£4.07M).

Growth In August 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Russia (£-916k or -96.8%), Uruguay (£-531k or -99.3%), and Colombia (£-477k or -99.7%). In August 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany (£-4.08M or -18.5%), Netherlands (£-3.02M or -20%), and Austria (£-1.96M or -26.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-12.5M(-18%)
IMPORT GROWTH (August 2023 - August 2024)£-8.85M(-9.24%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£18M
MAIN DESTINATION (August 2024)Netherlands£11.4M

This section shows Lifting Machinery's exports and imports data at subnational level for United Kingdom. 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)$967M
IMPORTS (2022)$1.44B
NET TRADE (2022)-$476M

In 2022, United Kingdom exported $967M in Lifting Machinery. The main destinations of United Kingdom exports on Lifting Machinery were United States ($171M), Netherlands ($120M), France ($80.2M), Australia ($57.7M), and Germany ($54.8M).

In 2022, United Kingdom imported $1.44B in Lifting Machinery, mainly from Germany ($338M), Netherlands ($159M), Italy ($158M), China ($130M), and Austria ($86.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Singapore$26.4M (860%)
Poland$17.4M (88.5%)
Netherlands$13.9M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY United Kingdom WERE (2021 - 2022):
United States-$70.6M (-29.2%)
France-$16.7M (-17.3%)
Sweden-$11M (-30.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, United Kingdom's main importing competitors in Lifting Machinery were:
United States $5.58B
Germany $2.32B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.7M
TOP IMPORT POTENTIALChina+ $69.9M

Lifting Machinery’s highest export potential is United States. With an export gap of $53.7M.   Lifting Machinery’s highest import potential is China with an import gap of $69.9M.

See methodology.

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