Lifting Machinery in United States 2020 Exports | Imports : $1.56B | $3.74B, World Rnk 5 / 178 Rnk 160 / 1217 | World Rnk 1 / 220 Rnk 115 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $18.9M | $47M, United Kingdom | China
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Lifting Machinery: 1.07, Rnk 151 / 1029
Exports In 2020, United States exported $1.56B in Lifting Machinery, making it the 5th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 160th most exported product in United States. The main destination of Lifting Machinery exports from United States are: Canada ($578M), Mexico ($212M), United Kingdom ($64.3M), China ($59.3M), and Australia ($46.6M).
The fastest growing export markets for Lifting Machinery of United States between 2019 and 2020 were United Kingdom ($18.9M), Peru ($11.4M), and Kuwait ($6.6M).
Imports In 2020, United States imported $3.74B in Lifting Machinery, becoming the 1st largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 115th most imported product in United States. United States imports Lifting Machinery primarily from: Canada ($840M), Germany ($584M), Japan ($407M), China ($276M), and Italy ($261M).
The fastest growing import markets in Lifting Machinery for United States between 2019 and 2020 were China ($47M), Japan ($40.4M), and South Korea ($14M).
November 2022
Overview In November 2022 United States' Lifting Machinery exports accounted up to $132M and imports accounted up to $540M, resulting in a negative trade balance of $408M. Between November 2021 and November 2022 the exports of United States' Lifting Machinery have decreased by $-4.35M (-3.2%) from $136M to $132M, while imports increased by $11.3M (2.14%) from $529M to $540M.
Destinations In November 2022, Lifting Machinery were exported mostly to Canada ($55.3M), Mexico ($31.4M), Germany ($5.56M), China ($5.3M), and Japan ($4.68M), and were imported mostly from Canada ($110M), Mexico ($90.2M), Japan ($83.7M), Germany ($78M), and China ($37.1M).
Growth In November 2022, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Canada ($-4.73M or -9.28%), Brazil ($-4.14M or -81.9%), and France ($-3.59M or -87.7%). In November 2022, the increase in Lifting Machinery's year-by-year imports was explained primarily by an increase in imports from Japan ($22.6M or 53.9%), Mexico ($12.9M or 18.6%), and Germany ($8.28M or 12.8%).
EXPORT GROWTH (November 2021 - November 2022): $-4.35M, (-3.2%)
IMPORT GROWTH (November 2021 - November 2022): $11.3M, (2.14%)
MAIN EXPORTER (November 2022): Texas, $22.1M
MAIN DESTINATION (November 2022): Canada, $55.3M
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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EXPORTS (2020): $1.56B
IMPORTS (2020): $3.74B
NET TRADE (2020): -$2.19B
In 2020, United States exported $1.56B in Lifting Machinery. The main destinations of United States exports on Lifting Machinery were Canada ($578M), Mexico ($212M), United Kingdom ($64.3M), China ($59.3M), and Australia ($46.6M).
In 2020, United States imported $3.74B in Lifting Machinery, mainly from Canada ($840M), Germany ($584M), Japan ($407M), China ($276M), and Italy ($261M).
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Lifting Machinery were:
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