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

8426 (Harmonized System 1992 for 4-digit)

2023
World Trade $17.5BRnk 230 / 1217
2023
Top Exporter | Top Importer $4.99B | $2.13BChina | United States
2023
Product Complexity 0.86Rnk 229 / 1044
2022 - 2023
Export Growth (CAGR) 13.6%Rnk 108 / 1217
2023
Share of World Trade 0.077%Rnk 230 / 1217

About

Overview This page contains the latest trade data of Cranes. In 2023, Cranes were the world's 230th most traded product, with a total trade of $17.5B. Between 2022 and 2023 the exports of Cranes grew by 13.6%, from $15.4B to $17.5B. Trade in Cranes represent 0.077% of total world trade.

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

Exports In 2023 the top exporters of Cranes  were China ($4.99B), Germany ($2.67B), Japan ($1.4B), Italy ($1.36B), and Austria ($1.11B).

Imports In 2023 the top importers of Cranes were United States ($2.13B), India ($1.03B), Germany ($666M), Indonesia ($637M), and Saudi Arabia ($596M).

Ranking Cranes ranks 229th 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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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 (2023)China$4.99B
Top Destination (2023)United States$2.13B

In 2023 Cranes were the world's 230th most traded product (out of 1,217).

In 2023, the top exporters of Cranes were China ($4.99B), Germany ($2.67B), Japan ($1.4B), Italy ($1.36B), and Austria ($1.11B).

In 2023, the top importers of Cranes were United States ($2.13B), India ($1.03B), Germany ($666M), Indonesia ($637M), and Saudi Arabia ($596M).

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Exporters of Cranes (2023)
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Importers of Cranes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$943M
Top Destination Growth (2022 -  2023)United States$571M

Between 2022 and 2023, the exports of Cranes grew the fastest in China ($943M), Germany ($444M), Austria ($289M), Italy ($221M), and Japan ($190M).

Between 2022 and 2023, the fastest growing importers of Cranes were United States ($571M), Turkey ($381M), India ($317M), Brazil ($158M), and Russia ($141M).

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Exporters of Cranes (2022 - 2023)

Importers of Cranes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Cranes are explained by 15 countries.

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Value of Exports in Cranes

Net Trade

TOP NET EXPORTER (2023)China$4.83B
TOP NET IMPORTER (2023)United States$1.68B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cranes were China ($4.83B), Germany ($2.01B), Japan ($1.29B), Italy ($1.05B), and Austria ($875M).

In 2023, the countries that had a largest trade value in imports than in exports of Cranes were United States ($1.68B), India ($937M), Indonesia ($600M), Saudi Arabia ($553M), and Russia ($486M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Cranes, disaggragated by their HS6 level were Cranes & lifting frames, self-propelled, on... ($3.86B), Cranes & lifting frames, self-propelled, not... ($3.16B), Cranes designed for mounting on road... ($2.7B), Transporter or bridge cranes ($2.15B), and Tower cranes ($1.88B)

HS6 Disaggregation for Cranes (2023)
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Country Comparison

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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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $122M
TOP IMPORT POTENTIALGermany+ $9.06M

Cranes’s highest export potential is India. With an export gap of $122M.  Cranes’s highest import potential is Germany with an import gap of $9.06M.

See methodology.

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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 (2023)

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 (2023)

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