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842542 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.95BRnk 1447 / 4644
2023
Top Exporter | Top Importer $998M | $417MChina | United States
2023
Product Complexity 0.56Rnk 1556 / 4656
2022 - 2023
Export Growth (CAGR) -4.41%Rnk 2031 / 4644
2023
Share of World Trade 0.0086%Rnk 1447 / 4644

About

Overview This page contains the latest trade data of Hydraulic jacks/hoists except for garages. In 2023, Hydraulic jacks/hoists except for garages were the world's 1447th most traded product, with a total trade of $1.95B. Between 2022 and 2023 the exports of Hydraulic jacks/hoists except for garages decreased by -4.41%, from $2.05B to $1.95B. Trade in Hydraulic jacks/hoists except for garages represent 0.0086% of total world trade.

Hydraulic jacks/hoists except for garages are a part of Pulley Systems.

Exports In 2023 the top exporters of Hydraulic jacks/hoists except for garages  were China ($998M), Germany ($132M), United States ($111M), Italy ($101M), and France ($86.6M).

Imports In 2023 the top importers of Hydraulic jacks/hoists except for garages were United States ($417M), France ($157M), Germany ($90.4M), Canada ($82.9M), and Russia ($76M).

Ranking Hydraulic jacks/hoists except for garages ranks 1556th in the Product Complexity Index (PCI).

Description Hydraulic jacks are used to lift cars to help them change tires or for car repairs. Hydraulic jacks are also used to lift heavy objects for the same reasons as a car.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hydraulic jacks/hoists except for garages. 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$998M
Top Destination (2023)United States$417M

In 2023 Hydraulic jacks/hoists except for garages were the world's 1447th most traded product (out of 4,644).

In 2023, the top exporters of Hydraulic jacks/hoists except for garages were China ($998M), Germany ($132M), United States ($111M), Italy ($101M), and France ($86.6M).

In 2023, the top importers of Hydraulic jacks/hoists except for garages were United States ($417M), France ($157M), Germany ($90.4M), Canada ($82.9M), and Russia ($76M).

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Exporters of Hydraulic jacks/hoists except for garages (2023)
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Importers of Hydraulic jacks/hoists except for garages (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$23.7M
Top Destination Growth (2022 -  2023)Saudi Arabia$32.8M

Between 2022 and 2023, the exports of Hydraulic jacks/hoists except for garages grew the fastest in United Arab Emirates ($23.7M), Germany ($16.3M), United States ($12.8M), Slovakia ($6.49M), and Turkey ($5.16M).

Between 2022 and 2023, the fastest growing importers of Hydraulic jacks/hoists except for garages were Saudi Arabia ($32.8M), United Arab Emirates ($17M), Russia ($7.85M), Netherlands ($7.77M), and Austria ($6.41M).

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Exporters of Hydraulic jacks/hoists except for garages (2022 - 2023)

Importers of Hydraulic jacks/hoists except for garages (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hydraulic jacks/hoists except for garages.

In 2023, market concentration measured using Shannon Entropy, was 3.24. This means that most of the exports of Hydraulic jacks/hoists except for garages are explained by 9 countries.

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Value of Exports in Hydraulic jacks/hoists except for garages

Net Trade

TOP NET EXPORTER (2023)China$982M
TOP NET IMPORTER (2023)United States$307M

This map shows which countries export or import more of Hydraulic jacks/hoists except for garages. Each country is colored based on the difference in exports and imports of Hydraulic jacks/hoists except for garages during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hydraulic jacks/hoists except for garages were China ($982M), Italy ($63.5M), Germany ($41.9M), Bulgaria ($31.3M), and Turkey ($26.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Hydraulic jacks/hoists except for garages were United States ($307M), Russia ($73.7M), France ($70.2M), Canada ($64M), and Australia ($62.1M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Hydraulic jacks/hoists except for garages.
It is possible to select the main countries that export or import Hydraulic jacks/hoists except for garages in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hydraulic jacks/hoists except for garages 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)

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