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2023
Exports $1.93BWorld Rnk 4 / 184
Flag Rnk 154 / 1217
2023
Destination $123M Canada
2022 - 2023
FASTEST GROWING MARKET $123MMexico
2023
PRODUCT COMPLEXITY IN Lifting Machinery1.09Rnk 149 / 1025
2023
Imports $6.4BWorld Rnk 1 / 222
Flag Rnk 92 / 1215
2023
Origin $328M Canada
2022 - 2023
FASTEST GROWING ORIGIN $328MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $1.93B in Lifting Machinery, making it the 4th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 154th most exported product in United States. The main destination of Lifting Machinery exports from United States are: Canada ($683M), Mexico ($419M), China ($63.9M), Netherlands ($56.3M), and Germany ($54.6M).

The fastest growing export markets for Lifting Machinery of United States between 2022 and 2023 were Mexico ($123M), India ($23.2M), and Czechia ($21.7M).

Imports In 2023, United States imported $6.4B in Lifting Machinery, becoming the 1st largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 92nd most imported product in United States. United States imports Lifting Machinery primarily from: Canada ($1.35B), Germany ($1.2B), South Korea ($567M), Mexico ($492M), and Italy ($412M).

The fastest growing import markets in Lifting Machinery for United States between 2022 and 2023 were South Korea ($328M), Germany ($247M), and Canada ($108M).

COMPANIES In 2023, leading companies such as Yaheetech (1.94k), Tmall (1.54k), and Costco Wholesale (837) were at the forefront of shipping Lifting Machinery to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Lifting Machinery exports accounted up to $172M and imports accounted up to $656M, resulting in a negative trade balance of $483M. Between November 2023 and November 2024 the exports of United States'   Lifting Machinery have decreased by $-904k (-0.52%) from $173M to $172M, while imports decreased by $-42M (-6.02%) from $698M to $656M.

Destinations In November 2024, Lifting Machinery were exported mostly to Canada ($81.7M), Mexico ($30.5M), Chinese Taipei ($7.22M), Japan ($4.83M), and China ($4.66M), and were imported mostly from Mexico ($114M), Germany ($86.2M), Canada ($81.5M), Japan ($66.8M), and South Korea ($65.2M).

Growth In November 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Canada ($-11.4M or -16.8%), Belgium ($-4.93M or -86.7%), and Germany ($-4.87M or -43.4%). In November 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Austria ($-13.6M or -37.2%), Mexico ($-12.1M or -11.6%), and Australia ($-2.42M or -74.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-904k(-0.52%)
IMPORT GROWTH (November 2023 - November 2024)$-42M(-6.02%)
MAIN EXPORTER (November 2024)Michigan$149M
MAIN DESTINATION (November 2024)Canada$81.7M

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.93B
IMPORTS (2023)$6.4B
NET TRADE (2023)-$4.47B

In 2023, United States exported $1.93B in Lifting Machinery. The main destinations of United States exports on Lifting Machinery were Canada ($683M), Mexico ($419M), China ($63.9M), Netherlands ($56.3M), and Germany ($54.6M).

In 2023, United States imported $6.4B in Lifting Machinery, mainly from Canada ($1.35B), Germany ($1.2B), South Korea ($567M), Mexico ($492M), and Italy ($412M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$123M (41.3%)
India$23.2M (153%)
Czechia$21.7M (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY United States WERE (2022 - 2023):
China-$45.3M (-41.5%)
Australia-$38.1M (-45.2%)
United Kingdom-$24.9M (-35.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Lifting Machinery were:
China $7.77B
Germany $5.3B
Italy $2.7B
In 2023, United States's main importing competitors in Lifting Machinery were:
Germany $2.13B
United Kingdom $1.62B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $38.2M
TOP IMPORT POTENTIALChina+ $232M

Lifting Machinery’s highest export potential is China. With an export gap of $38.2M.   Lifting Machinery’s highest import potential is China with an import gap of $232M.

See methodology.

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