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Pricing

Derricks, cranes, including cable cranes, mobile lifting frames, straddle carriers and works trucks fitted with a crane

8426 (Harmonized System 1992 for 4-digit)

2022
World Trade $15.3BRnk 274 / 1218
2022
Top Exporter | Top Importer $4.1B | $1.48BChina | United States
2022
Product Complexity 0.71Rnk 275 / 1033
2021 - 2022
Export Growth (CAGR) 6.55%Rnk 539 / 1218
2022
Share of World Trade 0.064%Rnk 274 / 1218

About

Overview This page contains the latest trade data of Cranes. In 2022, Cranes were the world's 274th most traded product, with a total trade of $15.3B. Between 2021 and 2022 the exports of Cranes grew by 6.55%, from $14.3B to $15.3B. Trade in Cranes represent 0.064% of total world trade.

Cranes are a part of Machinery, mechanical appliances, & parts. They include Transporter or bridge cranes, Cranes & lifting frames, self-propelled, not on tyres, Cranes & lifting frames, self-propelled, on tyres, Cranes designed for mounting on road vehicles, Tower cranes, Gantry and overhead travelling cranes on fixed suppor, Portal or pedestal jib cranes, Cranes or derricks nes, and Mobile lifting frames on tyres, straddle carriers.

Exports In 2022 the top exporters of Cranes  were China ($4.1B), Germany ($1.93B), Italy ($1.28B), Japan ($1.12B), and Austria ($838M).

Imports In 2022 the top importers of Cranes were United States ($1.48B), Germany ($729M), France ($587M), Indonesia ($579M), and India ($531M).

Ranking Cranes ranks 275th in the Product Complexity Index (PCI).

Description Ships' derricks are used to move heavy objects, such as ships. They can be made from a variety of materials, including steel and aluminum.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Cranes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$4.1B
Top Destination (2022)United States$1.48B

In 2022 Cranes were the world's 274th most traded product (out of 1,218).

In 2022, the top exporters of Cranes were China ($4.1B), Germany ($1.93B), Italy ($1.28B), Japan ($1.12B), and Austria ($838M).

In 2022, the top importers of Cranes were United States ($1.48B), Germany ($729M), France ($587M), Indonesia ($579M), and India ($531M).

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Exporters of Cranes (2022)
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Importers of Cranes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$737M
Top Destination Growth (2021 -  2022)Indonesia$372M

Between 2021 and 2022, the exports of Cranes grew the fastest in China ($737M), Ireland ($191M), United States ($73M), South Korea ($68.4M), and Kuwait ($60M).

Between 2021 and 2022, the fastest growing importers of Cranes were Indonesia ($372M), Saudi Arabia ($238M), Chinese Taipei ($187M), India ($133M), and Mexico ($107M).

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Exporters of Cranes (2021 - 2022)

Importers of Cranes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cranes.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Cranes are explained by 18 countries.

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Value of Exports in Cranes

Net Trade

TOP NET EXPORTER (2022)China$3.9B
TOP NET IMPORTER (2022)United States$970M

This map shows which countries export or import more of Cranes. Each country is colored based on the difference in exports and imports of Cranes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cranes were China ($3.9B), Germany ($1.2B), Italy ($1.05B), Japan ($1.01B), and Austria ($558M).

In 2022, the countries that had a largest trade value in imports than in exports of Cranes were United States ($970M), Indonesia ($514M), India ($433M), Saudi Arabia ($399M), and Russia ($363M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Cranes, disaggragated by their HS6 level were Cranes & lifting frames, self-propelled, on... ($2.82B), Transporter or bridge cranes ($2.77B), Cranes designed for mounting on road... ($2.54B), Cranes & lifting frames, self-propelled, not... ($2.4B), and Tower cranes ($1.78B)

HS6 Disaggregation for Cranes (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cranes.
It is possible to select the main countries that export or import Cranes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cranes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Cranes.

Country by Relatedness

The following visualization shows the relatedness of Cranes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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