HS Icon Fork-Lifts

Fork-lift and other works trucks; fitted with lifting or handling equipment

8427 (Harmonized System 1992 for 4-digit)

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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Color

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

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)

Country Comparison

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Ranking

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Fork-Lifts to countries. Higher relatedness values ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.