Lifting, handling, loading or unloading machinery; n.e.c. in heading no. 8425, 8426 or 8427 (e.g. lifts, escalators, conveyors, teleferics)

8428 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Lifting Machinery. In 2022, Lifting Machinery were the world's 127th most traded product, with a total trade of $35.1B. Between 2021 and 2022 the exports of Lifting Machinery grew by 5.05%, from $33.4B to $35.1B. Trade in Lifting Machinery represent 0.15% of total world trade.

Lifting Machinery are a part of Machinery, mechanical appliances, & parts. They include Lifting, handling, loading or unloading machinery nes, Lifts and skip hoists, Continuous action elevators or conveyors for goods ne, Continuous action goods conveyor or elevator belt typ, Pneumatic elevators and conveyors, Escalators and moving walkways, Teleferiques, chair-lifts, ski-lifts, etc, Continuous action goods conveyor or elevator (bucket), Mine conveyors/elevators, continuous action, and Wagon handling equipment, among others.

Exports In 2022 the top exporters of Lifting Machinery  were China ($6.88B), Germany ($5.16B), Italy ($2.48B), Netherlands ($1.82B), and United States ($1.79B).

Imports In 2022 the top importers of Lifting Machinery were United States ($5.58B), Germany ($2.32B), United Kingdom ($1.44B), France ($1.38B), and China ($1.3B).

Ranking Lifting Machinery ranks 151st in the Product Complexity Index (PCI).

Description Lifting, handling, loading or unloading machinery is used to move materials from one place to another. These machines are usually made of steel and can be powered by electricity, hydraulics, or a combination of both.

Latest Data

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The following visualization shows the latest trends on Lifting Machinery. 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 (2022)China$6.88B
Top Destination (2022)United States$5.58B

In 2022 Lifting Machinery were the world's 127th most traded product (out of 1,218).

In 2022, the top exporters of Lifting Machinery were China ($6.88B), Germany ($5.16B), Italy ($2.48B), Netherlands ($1.82B), and United States ($1.79B).

In 2022, the top importers of Lifting Machinery were United States ($5.58B), Germany ($2.32B), United Kingdom ($1.44B), France ($1.38B), and China ($1.3B).

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Exporters of Lifting Machinery (2022)
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Importers of Lifting Machinery (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.13B
Top Destination Growth (2021 -  2022)United States$535M

Between 2021 and 2022, the exports of Lifting Machinery grew the fastest in China ($1.13B), Canada ($258M), Austria ($163M), Italy ($124M), and Slovakia ($95.5M).

Between 2021 and 2022, the fastest growing importers of Lifting Machinery were United States ($535M), Indonesia ($181M), Netherlands ($152M), India ($139M), and United Kingdom ($127M).

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Exporters of Lifting Machinery (2021 - 2022)

Importers of Lifting Machinery (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lifting Machinery.

In 2022, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Lifting Machinery are explained by 21 countries.

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Value of Exports in Lifting Machinery

Net Trade

TOP NET EXPORTER (2022)China$5.58B
TOP NET IMPORTER (2022)United States$3.79B

This map shows which countries export or import more of Lifting Machinery. Each country is colored based on the difference in exports and imports of Lifting Machinery during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Lifting Machinery were China ($5.58B), Germany ($2.84B), Italy ($1.72B), Austria ($885M), and South Korea ($681M).

In 2022, the countries that had a largest trade value in imports than in exports of Lifting Machinery were United States ($3.79B), Australia ($893M), Russia ($653M), Vietnam ($642M), and Indonesia ($599M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Lifting Machinery, disaggragated by their HS6 level were Lifting, handling, loading or unloading machinery... ($14.6B), Continuous action elevators or conveyors for... ($6.77B), Lifts and skip hoists ($6.65B), Continuous action goods conveyor or elevator... ($4.12B), and Pneumatic elevators and conveyors ($1.21B)

HS6 Disaggregation for Lifting Machinery (2022)
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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 Lifting Machinery.
It is possible to select the main countries that export or import Lifting Machinery in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lifting Machinery by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $182M
TOP IMPORT POTENTIALChina+ $46.3M

Lifting Machinery’s highest export potential is United States. With an export gap of $182M.  Lifting Machinery’s highest import potential is China with an import gap of $46.3M.

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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 (2022)

Country by Relatedness

The following visualization shows the relatedness of Lifting Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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