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Parts of cranes, work-trucks, shovels, constr machine

843149 (Harmonized System 1992 for 6-digit)

2023
World Trade $31.6BRnk 96 / 4644
2023
Top Exporter | Top Importer $7.69B | $4.99BChina | United States
2023
Product Complexity 0.93Rnk 890 / 4656
2022 - 2023
Export Growth (CAGR) -2.35%Rnk 1793 / 4644
2023
Share of World Trade 0.14%Rnk 96 / 4644

About

Overview This page contains the latest trade data of Parts of cranes, work-trucks, shovels, constr machine. In 2023, Parts of cranes, work-trucks, shovels, constr machine were the world's 96th most traded product, with a total trade of $31.6B. Between 2022 and 2023 the exports of Parts of cranes, work-trucks, shovels, constr machine decreased by -2.35%, from $32.4B to $31.6B. Trade in Parts of cranes, work-trucks, shovels, constr machine represent 0.14% of total world trade.

Parts of cranes, work-trucks, shovels, constr machine are a part of Excavation Machinery.

Exports In 2023 the top exporters of Parts of cranes, work-trucks, shovels, constr machine  were China ($7.69B), Germany ($2.83B), United States ($2.64B), Italy ($2.02B), and Japan ($1.85B).

Imports In 2023 the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($4.99B), Germany ($2.65B), Japan ($1.92B), Canada ($1.57B), and Australia ($1.3B).

Ranking Parts of cranes, work-trucks, shovels, constr machine ranks 890th in the Product Complexity Index (PCI).

Description A crane is used for moving heavy objects such as girders, concrete, and steel. A work truck is used to transport people, equipment, and supplies. A shovel is used to dig up dirt or gravel. A construction machine is used to build structures such as buildings, roads, and bridges.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of cranes, work-trucks, shovels, constr machine. 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$7.69B
Top Destination (2023)United States$4.99B

In 2023 Parts of cranes, work-trucks, shovels, constr machine were the world's 96th most traded product (out of 4,644).

In 2023, the top exporters of Parts of cranes, work-trucks, shovels, constr machine were China ($7.69B), Germany ($2.83B), United States ($2.64B), Italy ($2.02B), and Japan ($1.85B).

In 2023, the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($4.99B), Germany ($2.65B), Japan ($1.92B), Canada ($1.57B), and Australia ($1.3B).

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Exporters of Parts of cranes, work-trucks, shovels, constr machine (2023)
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Importers of Parts of cranes, work-trucks, shovels, constr machine (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$338M
Top Destination Growth (2022 -  2023)United Arab Emirates$131M

Between 2022 and 2023, the exports of Parts of cranes, work-trucks, shovels, constr machine grew the fastest in Germany ($338M), Mexico ($127M), Turkey ($119M), Poland ($95.6M), and Netherlands ($87.2M).

Between 2022 and 2023, the fastest growing importers of Parts of cranes, work-trucks, shovels, constr machine were United Arab Emirates ($131M), Nigeria ($111M), Germany ($108M), Poland ($82.6M), and Australia ($61.1M).

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Exporters of Parts of cranes, work-trucks, shovels, constr machine (2022 - 2023)

Importers of Parts of cranes, work-trucks, shovels, constr machine (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of cranes, work-trucks, shovels, constr machine.

In 2023, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Parts of cranes, work-trucks, shovels, constr machine are explained by 21 countries.

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Value of Exports in Parts of cranes, work-trucks, shovels, constr machine

Net Trade

TOP NET EXPORTER (2023)China$6.85B
TOP NET IMPORTER (2023)United States$2.35B

This map shows which countries export or import more of Parts of cranes, work-trucks, shovels, constr machine. Each country is colored based on the difference in exports and imports of Parts of cranes, work-trucks, shovels, constr machine during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of cranes, work-trucks, shovels, constr machine were China ($6.85B), Italy ($1.18B), South Korea ($1.07B), Mexico ($569M), and Poland ($477M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of cranes, work-trucks, shovels, constr machine were United States ($2.35B), Australia ($1.12B), Canada ($883M), Brazil ($688M), and United Kingdom ($623M).

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 Parts of cranes, work-trucks, shovels, constr machine.
It is possible to select the main countries that export or import Parts of cranes, work-trucks, shovels, constr machine in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of cranes, work-trucks, shovels, constr machine 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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