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842810 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.75BRnk 546 / 4644
2023
Top Exporter | Top Importer $2.1B | $351MChina | United Kingdom
2023
Product Complexity 0.73Rnk 1225 / 4656
2022 - 2023
Export Growth (CAGR) 6.32%Rnk 922 / 4644
2023
Share of World Trade 0.03%Rnk 546 / 4644

About

Overview This page contains the latest trade data of Lifts and skip hoists. In 2023, Lifts and skip hoists were the world's 546th most traded product, with a total trade of $6.75B. Between 2022 and 2023 the exports of Lifts and skip hoists grew by 6.32%, from $6.35B to $6.75B. Trade in Lifts and skip hoists represent 0.03% of total world trade.

Lifts and skip hoists are a part of Lifting Machinery.

Exports In 2023 the top exporters of Lifts and skip hoists  were China ($2.1B), Spain ($630M), Italy ($530M), Germany ($517M), and Slovakia ($378M).

Imports In 2023 the top importers of Lifts and skip hoists were United Kingdom ($351M), Germany ($334M), France ($301M), United States ($286M), and Canada ($280M).

Ranking Lifts and skip hoists ranks 1225th in the Product Complexity Index (PCI).

Description Lifts are used to raise materials that are too heavy to be moved by manual labor or by forklifts. Skip hoists are used in warehouses, factories, and mines to transport material from one level to another.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Lifts and skip hoists. 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$2.1B
Top Destination (2023)United Kingdom$351M

In 2023 Lifts and skip hoists were the world's 546th most traded product (out of 4,644).

In 2023, the top exporters of Lifts and skip hoists were China ($2.1B), Spain ($630M), Italy ($530M), Germany ($517M), and Slovakia ($378M).

In 2023, the top importers of Lifts and skip hoists were United Kingdom ($351M), Germany ($334M), France ($301M), United States ($286M), and Canada ($280M).

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Exporters of Lifts and skip hoists (2023)
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Importers of Lifts and skip hoists (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$116M
Top Destination Growth (2022 -  2023)France$92.7M

Between 2022 and 2023, the exports of Lifts and skip hoists grew the fastest in China ($116M), Italy ($115M), Finland ($52.9M), Germany ($41.3M), and Latvia ($33.7M).

Between 2022 and 2023, the fastest growing importers of Lifts and skip hoists were France ($92.7M), Germany ($47.3M), Canada ($46.8M), Italy ($44.6M), and Denmark ($43.5M).

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Exporters of Lifts and skip hoists (2022 - 2023)

Importers of Lifts and skip hoists (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Lifts and skip hoists.

In 2023, market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Lifts and skip hoists are explained by 14 countries.

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Value of Exports in Lifts and skip hoists

Net Trade

TOP NET EXPORTER (2023)China$2.03B
TOP NET IMPORTER (2023)United Kingdom$279M

This map shows which countries export or import more of Lifts and skip hoists. Each country is colored based on the difference in exports and imports of Lifts and skip hoists during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Lifts and skip hoists were China ($2.03B), Spain ($545M), Italy ($399M), Slovakia ($332M), and Germany ($183M).

In 2023, the countries that had a largest trade value in imports than in exports of Lifts and skip hoists were United Kingdom ($279M), Russia ($246M), Saudi Arabia ($227M), Australia ($217M), and France ($185M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Lifts and skip hoists.
It is possible to select the main countries that export or import Lifts and skip hoists in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Lifts and skip hoists 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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