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Pricing

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

8427 (Harmonized System 1992 for 4-digit)

2023
World Trade $30.6BRnk 142 / 1217
2023
Top Exporter | Top Importer $6.47B | $6.97BChina | United States
2023
Product Complexity 1.52Rnk 40 / 1044
2022 - 2023
Export Growth (CAGR) 26%Rnk 43 / 1217
2023
Share of World Trade 0.14%Rnk 142 / 1217

About

Overview This page contains the latest trade data of Fork-Lifts. In 2023, Fork-Lifts were the world's 142nd most traded product, with a total trade of $30.6B. Between 2022 and 2023 the exports of Fork-Lifts grew by 26%, from $24.3B to $30.6B. Trade in Fork-Lifts represent 0.14% 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 2023 the top exporters of Fork-Lifts  were China ($6.47B), Germany ($4.8B), United Kingdom ($2.53B), Italy ($2.5B), and United States ($1.98B).

Imports In 2023 the top importers of Fork-Lifts were United States ($6.97B), Canada ($1.71B), France ($1.63B), Germany ($1.57B), and United Kingdom ($1.35B).

Ranking Fork-Lifts ranks 40th 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.

Latest Trends

Latest Data

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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.

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* 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$6.47B
Top Destination (2023)United States$6.97B

In 2023 Fork-Lifts were the world's 142nd most traded product (out of 1,217).

In 2023, the top exporters of Fork-Lifts were China ($6.47B), Germany ($4.8B), United Kingdom ($2.53B), Italy ($2.5B), and United States ($1.98B).

In 2023, the top importers of Fork-Lifts were United States ($6.97B), Canada ($1.71B), France ($1.63B), Germany ($1.57B), and United Kingdom ($1.35B).

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Exporters of Fork-Lifts (2023)
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Importers of Fork-Lifts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Kingdom$1.19B
Top Destination Growth (2022 -  2023)United States$2.51B

Between 2022 and 2023, the exports of Fork-Lifts grew the fastest in United Kingdom ($1.19B), Germany ($847M), China ($843M), Italy ($673M), and Mexico ($520M).

Between 2022 and 2023, the fastest growing importers of Fork-Lifts were United States ($2.51B), France ($475M), Mexico ($425M), Russia ($317M), and Canada ($278M).

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Exporters of Fork-Lifts (2022 - 2023)

Importers of Fork-Lifts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fork-Lifts.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Fork-Lifts are explained by 15 countries.

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Value of Exports in Fork-Lifts

Net Trade

TOP NET EXPORTER (2023)China$6.31B
TOP NET IMPORTER (2023)United States$5B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Fork-Lifts were China ($6.31B), Germany ($3.23B), Italy ($1.28B), Japan ($1.2B), and United Kingdom ($1.18B).

In 2023, the countries that had a largest trade value in imports than in exports of Fork-Lifts were United States ($5B), Australia ($967M), Canada ($913M), Russia ($819M), and Turkey ($663M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Fork-Lifts, disaggragated by their HS6 level were Self-propelled works trucks, non-electric ($15.3B), Self-propelled works trucks, electric motor ($13.8B), and Trucks with lifting/handling equipment, non-powered ($1.55B)

HS6 Disaggregation for Fork-Lifts (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 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.

Top 10 Exporters Countries of Fork-Lifts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $20.7M
TOP IMPORT POTENTIALChina+ $139M

Fork-Lifts’s highest export potential is United Kingdom. With an export gap of $20.7M.  Fork-Lifts’s highest import potential is China with an import gap of $139M.

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 Fork-Lifts.

Country by Relatedness

The following visualization shows the relatedness of Fork-Lifts 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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