NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

842511 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.17BRnk 1941 / 4644
2023
Top Exporter | Top Importer $250M | $140MGermany | United States
2023
Product Complexity 1.01Rnk 763 / 4656
2022 - 2023
Export Growth (CAGR) 11.1%Rnk 616 / 4644
2023
Share of World Trade 0.0052%Rnk 1941 / 4644

About

Overview This page contains the latest trade data of Electric hoists (except skip and vehicle hoists). In 2023, Electric hoists (except skip and vehicle hoists) were the world's 1941st most traded product, with a total trade of $1.17B. Between 2022 and 2023 the exports of Electric hoists (except skip and vehicle hoists) grew by 11.1%, from $1.05B to $1.17B. Trade in Electric hoists (except skip and vehicle hoists) represent 0.0052% of total world trade.

Electric hoists (except skip and vehicle hoists) are a part of Pulley Systems.

Exports In 2023 the top exporters of Electric hoists (except skip and vehicle hoists)  were Germany ($250M), China ($216M), Japan ($92.5M), United States ($90.4M), and Finland ($88.3M).

Imports In 2023 the top importers of Electric hoists (except skip and vehicle hoists) were United States ($140M), Canada ($104M), Turkey ($47.3M), France ($40.8M), and India ($39.2M).

Ranking Electric hoists (except skip and vehicle hoists) ranks 763rd in the Product Complexity Index (PCI).

Description An electric hoist typically operates through an electric motor, which is controlled by a switch or lever. The electric hoist is operated by pushing the lever or switch which then turns on the electric motor, which in turn rotates the hoist's main drive shaft. The motor then rotates the hoist's load chain, which lifts the hoist's load. When the lever or switch is released, the electric motor stops, and the load chain is then lowered to the ground or floor. What are the advantages of electric hoists? The main advantages of an electric

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electric hoists (except skip and vehicle hoists). 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$250M
Top Destination (2023)United States$140M

In 2023 Electric hoists (except skip and vehicle hoists) were the world's 1941st most traded product (out of 4,644).

In 2023, the top exporters of Electric hoists (except skip and vehicle hoists) were Germany ($250M), China ($216M), Japan ($92.5M), United States ($90.4M), and Finland ($88.3M).

In 2023, the top importers of Electric hoists (except skip and vehicle hoists) were United States ($140M), Canada ($104M), Turkey ($47.3M), France ($40.8M), and India ($39.2M).

Explore Visualizations

Exporters of Electric hoists (except skip and vehicle hoists) (2023)
[Click to Select a Country]

Importers of Electric hoists (except skip and vehicle hoists) (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$44.3M
Top Destination Growth (2022 -  2023)Turkey$22.4M

Between 2022 and 2023, the exports of Electric hoists (except skip and vehicle hoists) grew the fastest in Germany ($44.3M), Italy ($17M), Finland ($16M), United States ($12.3M), and United Kingdom ($11M).

Between 2022 and 2023, the fastest growing importers of Electric hoists (except skip and vehicle hoists) were Turkey ($22.4M), United States ($19.1M), India ($15.9M), Mexico ($15.7M), and France ($11.1M).

Explore Visualizations

Exporters of Electric hoists (except skip and vehicle hoists) (2022 - 2023)

Importers of Electric hoists (except skip and vehicle hoists) (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric hoists (except skip and vehicle hoists).

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Electric hoists (except skip and vehicle hoists) are explained by 15 countries.

Explore Visualizations

Value of Exports in Electric hoists (except skip and vehicle hoists)

Net Trade

TOP NET EXPORTER (2023)Germany$212M
TOP NET IMPORTER (2023)Canada$94.2M

This map shows which countries export or import more of Electric hoists (except skip and vehicle hoists). Each country is colored based on the difference in exports and imports of Electric hoists (except skip and vehicle hoists) during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric hoists (except skip and vehicle hoists) were Germany ($212M), China ($184M), Finland ($80.3M), Japan ($72.7M), and Bulgaria ($49.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric hoists (except skip and vehicle hoists) were Canada ($94.2M), United States ($49.6M), Australia ($33.4M), Indonesia ($31.1M), and France ($29.9M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric hoists (except skip and vehicle hoists).
It is possible to select the main countries that export or import Electric hoists (except skip and vehicle hoists) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric hoists (except skip and vehicle hoists) 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 (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms