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2022
Exports $1.79BWorld Rnk 5 / 184
Flag Rnk 173 / 1217
2022
Destination $52.9M Canada
2021 - 2022
FASTEST GROWING MARKET $52.9MMexico
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $5.58BWorld Rnk 1 / 219
Flag Rnk 109 / 1216
2022
Origin $235M Canada
2021 - 2022
FASTEST GROWING ORIGIN $235MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.79B in Lifting Machinery, making it the 5th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 173rd most exported product in United States. The main destination of Lifting Machinery exports from United States are: Canada ($758M), Mexico ($302M), China ($79.8M), Germany ($71.5M), and Australia ($41.2M).

The fastest growing export markets for Lifting Machinery of United States between 2021 and 2022 were Mexico ($52.9M), Germany ($23.5M), and Canada ($19.1M).

Imports In 2022, United States imported $5.58B in Lifting Machinery, becoming the 1st largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 109th most imported product in United States. United States imports Lifting Machinery primarily from: Canada ($1.28B), Germany ($961M), Mexico ($465M), China ($404M), and Austria ($352M).

The fastest growing import markets in Lifting Machinery for United States between 2021 and 2022 were Canada ($235M), Germany ($188M), and Mexico ($81.2M).

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

August 2024

About

Overview In August 2024 United States' Lifting Machinery exports accounted up to $167M and imports accounted up to $657M, resulting in a negative trade balance of $490M. Between August 2023 and August 2024 the exports of United States'   Lifting Machinery have increased by $5.77M (3.58%) from $161M to $167M, while imports increased by $72.3M (12.4%) from $584M to $657M.

Destinations In August 2024, Lifting Machinery were exported mostly to Canada ($78.8M), Mexico ($32.1M), China ($8.33M), Germany ($4.05M), and Australia ($3.87M), and were imported mostly from Mexico ($123M), Germany ($122M), Canada ($84.5M), South Korea ($60.6M), and China ($45.7M).

Growth In August 2024, the increase in Lifting Machinery's year-by-year exports was explained primarily by an increase in exports to Mexico ($7.54M or 35.9%), Australia ($4.22M or 270%), and China ($2.01M or 46.1%). In August 2024, the increase in Lifting Machinery's year-by-year imports was explained primarily by an increase in imports from Japan ($47.2M or 98.4%), Germany ($38.1M or 58.8%), and Canada ($22.2M or 28.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$5.77M(3.58%)
IMPORT GROWTH (August 2023 - August 2024)$72.3M(12.4%)
MAIN EXPORTER (August 2024)Michigan$149M
MAIN DESTINATION (August 2024)Canada$78.8M

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 (2022)$1.79B
IMPORTS (2022)$5.58B
NET TRADE (2022)-$3.79B

In 2022, United States exported $1.79B in Lifting Machinery. The main destinations of United States exports on Lifting Machinery were Canada ($758M), Mexico ($302M), China ($79.8M), Germany ($71.5M), and Australia ($41.2M).

In 2022, United States imported $5.58B in Lifting Machinery, mainly from Canada ($1.28B), Germany ($961M), Mexico ($465M), China ($404M), and Austria ($352M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$52.9M (21.2%)
Germany$23.5M (49.1%)
Canada$19.1M (2.58%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY United States WERE (2021 - 2022):
Peru-$33.7M (-86.4%)
China-$13.5M (-14.5%)
Australia-$11.3M (-21.6%)
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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 Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, United States's main importing competitors in Lifting Machinery were:
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 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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