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Pulley tackle and hoists other than skip hoists; winches and capstans; jacks

8425 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.88BRnk 418 / 1217
2023
Top Exporter | Top Importer $2.68B | $1.52BChina | United States
2023
Product Complexity 0.99Rnk 183 / 1044
2022 - 2023
Export Growth (CAGR) 0.89%Rnk 382 / 1217
2023
Share of World Trade 0.035%Rnk 418 / 1217

About

Overview This page contains the latest trade data of Pulley Systems. In 2023, Pulley Systems were the world's 418th most traded product, with a total trade of $7.88B. Between 2022 and 2023 the exports of Pulley Systems grew by 0.89%, from $7.81B to $7.88B. Trade in Pulley Systems represent 0.035% of total world trade.

Pulley Systems are a part of Machinery, mechanical appliances, & parts. They include Hydraulic jacks/hoists except for garages, Winches or capstans nes powered by electric motor, Jacks and hoists except hydraulic and garage hoists, Winches or capstans nes, Electric hoists (except skip and vehicle hoists), Pulley tackle/hoists not skip/vehicle/electric hoists, Built-in jacking systems for garages, and Pit-head winding gear winches.

Exports In 2023 the top exporters of Pulley Systems  were China ($2.68B), Germany ($872M), United States ($542M), Italy ($519M), and France ($278M).

Imports In 2023 the top importers of Pulley Systems were United States ($1.52B), Canada ($376M), France ($373M), Germany ($343M), and United Kingdom ($286M).

Ranking Pulley Systems ranks 183rd in the Product Complexity Index (PCI).

Description Pulley tackle and hoists are used to lift heavy objects. They can be made from a variety of materials, including steel, aluminum, and wood.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pulley Systems. 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$2.68B
Top Destination (2023)United States$1.52B

In 2023 Pulley Systems were the world's 418th most traded product (out of 1,217).

In 2023, the top exporters of Pulley Systems were China ($2.68B), Germany ($872M), United States ($542M), Italy ($519M), and France ($278M).

In 2023, the top importers of Pulley Systems were United States ($1.52B), Canada ($376M), France ($373M), Germany ($343M), and United Kingdom ($286M).

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Exporters of Pulley Systems (2023)
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Importers of Pulley Systems (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$107M
Top Destination Growth (2022 -  2023)Turkey$54.8M

Between 2022 and 2023, the exports of Pulley Systems grew the fastest in Germany ($107M), France ($70.2M), United Kingdom ($53.2M), Thailand ($48.5M), and United States ($37.6M).

Between 2022 and 2023, the fastest growing importers of Pulley Systems were Turkey ($54.8M), Saudi Arabia ($51.3M), Singapore ($50.7M), United Arab Emirates ($49.6M), and India ($29.4M).

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Exporters of Pulley Systems (2022 - 2023)

Importers of Pulley Systems (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pulley Systems.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Pulley Systems are explained by 16 countries.

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Value of Exports in Pulley Systems

Net Trade

TOP NET EXPORTER (2023)China$2.42B
TOP NET IMPORTER (2023)United States$975M

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

In 2023, the countries that had a largest trade value in exports than in imports of Pulley Systems were China ($2.42B), Germany ($529M), Italy ($389M), Finland ($95.7M), and Bulgaria ($90.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Pulley Systems were United States ($975M), Australia ($210M), Russia ($172M), Canada ($135M), and Saudi Arabia ($124M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Pulley Systems, disaggragated by their HS6 level were Hydraulic jacks/hoists except for garages ($1.95B), Winches or capstans nes powered by... ($1.35B), Electric hoists (except skip and vehicle... ($1.17B), Winches or capstans nes ($1.14B), and Jacks and hoists except hydraulic and... ($1.08B)

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

Top 10 Exporters Countries of Pulley Systems by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $32.8M
TOP IMPORT POTENTIALGermany+ $9.51M

Pulley Systems’s highest export potential is Russia. With an export gap of $32.8M.  Pulley Systems’s highest import potential is Germany with an import gap of $9.51M.

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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 Pulley Systems.

Country by Relatedness

The following visualization shows the relatedness of Pulley Systems 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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