Fork-LiftsFork-lift and other works trucks; fitted with lifting or handling equipment
8427 (Harmonized System 1992 for 4-digit)
2021 World Trade: $21.3B, Rnk 202 / 1217
2021 Top Exporter | Top Importer: $4.18B | $2.93B, China | United States
2021 Product Complexity: 1.51, Rnk 48 / 1024
2020 - 2021 Export Growth (CAGR): 31.2%, Rnk 304 / 1217
2018 Mean Tariff: 7.05%, Rnk 620 / 1259
2021 Share of World Trade: 0.001%, Rnk 202 / 1217
Overview This page contains the latest trade data of Fork-Lifts. In 2021, Fork-Lifts were the world's 202nd most traded product, with a total trade of $21.3B. Between 2020 and 2021 the exports of Fork-Lifts grew by 31.2%, from $16.3B to $21.3B. Trade in Fork-Lifts represent 0.001% of total world trade.
Fork-Lifts are a part of Machinery, mechanical appliances, & parts. They include Self-propelled works trucks, non-electric, Self-propelled works trucks, electric motor, and Trucks with lifting/handling equipment, non-powered.
Exports In 2021 the top exporters of Fork-Lifts were China ($4.18B), Germany ($3.87B), United States ($1.97B), Italy ($1.6B), and France ($1.31B).
Imports In 2021 the top importers of Fork-Lifts were United States ($2.93B), Germany ($1.34B), France ($1.31B), Netherlands ($1.27B), and United Kingdom ($1.15B).
Tariffs In 2018 the average tariff for Fork-Lifts was 7.05%, making it the 620th lowest tariff using the HS4 product classification.
Ranking Fork-Lifts ranks 48th in the Product Complexity Index (PCI).
Description Fork-lift trucks are used to move heavy loads. They can be made from a variety of materials, including steel, aluminum, and fiberglass.
The following visualization shows the latest trends on Fork-Lifts. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): China, $4.18B
Top Destination (2021): United States, $2.93B
Fork-Lifts are the world's 202nd most traded product.
In 2021, the top exporters of Fork-Lifts were China ($4.18B), Germany ($3.87B), United States ($1.97B), Italy ($1.6B), and France ($1.31B).
In 2021, the top importers of Fork-Lifts were United States ($2.93B), Germany ($1.34B), France ($1.31B), Netherlands ($1.27B), and United Kingdom ($1.15B).
Trade by country
Top Origin Growth (2020 - 2021): China, $1.72B
Top Destination Growth (2020 - 2021): United States, $1.04B
Between 2020 and 2021, the exports of Fork-Lifts grew the fastest in China ($1.72B), Germany ($706M), United States ($407M), Italy ($333M), and France ($306M).
Between 2020 and 2021, the fastest growing importers of Fork-Lifts were United States ($1.04B), Netherlands ($387M), United Kingdom ($332M), Canada ($289M), and Germany ($258M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Fork-Lifts.
In 2021, market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Fork-Lifts are explained by 15 countries.
TOP NET EXPORTER (2021): China, $3.99B
TOP NET IMPORTER (2021): United States, $963M
This map shows which countries export or import more of Fork-Lifts. Each country is colored based on the difference in exports and imports of Fork-Lifts during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Fork-Lifts were China ($3.99B), Germany ($2.53B), Japan ($917M), Sweden ($867M), and Italy ($633M).
In 2021, the countries that had a largest trade value in imports than in exports of Fork-Lifts were United States ($963M), Australia ($729M), Russia ($653M), Canada ($450M), and Netherlands ($450M).
In 2021, the world most traded Fork-Lifts, disaggragated by their HS6 level were Self-propelled works trucks, electric motor ($10.1B), Self-propelled works trucks, non-electric ($9.92B), and Trucks with lifting/handling equipment, non-powered ($1.28B)
This visualization shows the countries that have an important ratio of their trade related to Fork-Lifts. It is possible to select the main countries that export or import Fork-Lifts in the world, or by continent, as well as select the measure of interest.
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.
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