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Pricing

2022
Exports $372MWorld Rnk 1 / 106
Flag Rnk 1269 / 4606
2022
Destination $18.7M South Korea
2021 - 2022
FASTEST GROWING MARKET $18.7MSouth Korea
2022
Imports $6.56MWorld Rnk 46 / 168
Flag Rnk 3029 / 4539
2022
Origin $3.4M Pakistan
2021 - 2022
FASTEST GROWING ORIGIN $3.4MPakistan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $372M in Tower cranes, making it the 1st largest exporter of Tower cranes in the world. At the same year, Tower cranes was the 1269th most exported product in China. The main destination of Tower cranes exports from China are: South Korea ($81.1M), Singapore ($40.3M), Russia ($36.5M), Kuwait ($24M), and Hong Kong ($22.6M).

The fastest growing export markets for Tower cranes of China between 2021 and 2022 were South Korea ($18.7M), Kuwait ($11.4M), and Singapore ($9.28M).

Imports In 2022, China imported $6.56M in Tower cranes, becoming the 46th largest importer of Tower cranes in the world. At the same year, Tower cranes was the 3029th most imported product in China. China imports Tower cranes primarily from: Pakistan ($3.67M), Philippines ($1.17M), Chinese Taipei ($601k), United Arab Emirates ($544k), and Germany ($206k).

The fastest growing import markets in Tower cranes for China between 2021 and 2022 were Pakistan ($3.4M), Philippines ($1.17M), and United Arab Emirates ($483k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Tower cranes from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Tower cranes exports accounted up to $38.1M and imports accounted up to $1.58M, resulting in a positive trade balance of $36.5M. Between July 2023 and July 2024 the exports of China's   Tower cranes have decreased by $-6.47M (-14.5%) from $44.5M to $38.1M, while imports increased by $1.45M (1.11k%) from $130k to $1.58M.

Destinations In July 2024, Tower cranes were exported mostly to Russia ($13.4M), United Arab Emirates ($2.41M), Hong Kong ($2.27M), India ($1.71M), and Georgia ($1.71M), and were imported mostly from China ($1.58M).

Growth In July 2024, the decrease in Tower cranes's year-by-year exports was explained primarily by a decrease in exports to Uzbekistan ($-5.02M or -96.1%), Kazakhstan ($-3.89M or -95.5%), and Indonesia ($-2.23M or -75.8%). In July 2024, the increase in Tower cranes's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-6.47M(-14.5%)
IMPORT GROWTH (September 2019 - July 2024)$1.45M(1.11k%)
MAIN EXPORTER (July 2024)Hunan Province$21.5M
MAIN DESTINATION (July 2024)Russia$13.4M

This section shows Tower cranes'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 Tower cranes over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Tower cranes throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$372M
IMPORTS (2022)$6.56M
NET TRADE (2022)$366M

In 2022, China exported $372M in Tower cranes. The main destinations of China exports on Tower cranes were South Korea ($81.1M), Singapore ($40.3M), Russia ($36.5M), Kuwait ($24M), and Hong Kong ($22.6M).

In 2022, China imported $6.56M in Tower cranes, mainly from Pakistan ($3.67M), Philippines ($1.17M), Chinese Taipei ($601k), United Arab Emirates ($544k), and Germany ($206k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tower cranes EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$18.7M (30.1%)
Kuwait$11.4M (90.2%)
Singapore$9.28M (29.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tower cranes BY China WERE (2021 - 2022):
United States-$25.1M (-98.4%)
Kazakhstan-$9.39M (-39.4%)
Bangladesh-$5.81M (-96.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tower cranes were:
Germany $326M
Italy $241M
In 2022, China's main importing competitors in Tower cranes were:
Germany $217M
France $141M
South Korea $90.1M

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Trade Value of Tower cranes by Exporters

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