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842620 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.88BRnk 1485 / 4644
2023
Top Exporter | Top Importer $655M | $228MChina | Turkey
2023
Product Complexity 0.092Rnk 2400 / 4656
2022 - 2023
Export Growth (CAGR) 10.6%Rnk 647 / 4644
2023
Share of World Trade 0.0083%Rnk 1485 / 4644

About

Overview This page contains the latest trade data of Tower cranes. In 2023, Tower cranes were the world's 1485th most traded product, with a total trade of $1.88B. Between 2022 and 2023 the exports of Tower cranes grew by 10.6%, from $1.7B to $1.88B. Trade in Tower cranes represent 0.0083% of total world trade.

Tower cranes are a part of Cranes.

Exports In 2023 the top exporters of Tower cranes  were China ($655M), Germany ($328M), Italy ($214M), Spain ($156M), and France ($142M).

Imports In 2023 the top importers of Tower cranes were Turkey ($228M), Germany ($135M), United States ($129M), Russia ($76.7M), and France ($67.3M).

Ranking Tower cranes ranks 2400th in the Product Complexity Index (PCI).

Description A tower crane is a type of crane that is a complete self-contained unit on a vertical steel or concrete column. Tower cranes are used for heavy lifting jobs, such as building construction, demolition, and marine construction.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tower cranes. 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$655M
Top Destination (2023)Turkey$228M

In 2023 Tower cranes were the world's 1485th most traded product (out of 4,644).

In 2023, the top exporters of Tower cranes were China ($655M), Germany ($328M), Italy ($214M), Spain ($156M), and France ($142M).

In 2023, the top importers of Tower cranes were Turkey ($228M), Germany ($135M), United States ($129M), Russia ($76.7M), and France ($67.3M).

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Exporters of Tower cranes (2023)
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Importers of Tower cranes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$296M
Top Destination Growth (2022 -  2023)Turkey$221M

Between 2022 and 2023, the exports of Tower cranes grew the fastest in China ($296M), Japan ($27M), Germany ($13.9M), Australia ($13.7M), and Kuwait ($5.26M).

Between 2022 and 2023, the fastest growing importers of Tower cranes were Turkey ($221M), United States ($40M), Russia ($34.9M), Ecuador ($31.3M), and Netherlands ($24.8M).

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Exporters of Tower cranes (2022 - 2023)

Importers of Tower cranes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tower cranes.

In 2023, market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Tower cranes are explained by 9 countries.

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Value of Exports in Tower cranes

Net Trade

TOP NET EXPORTER (2023)China$653M
TOP NET IMPORTER (2023)Turkey$222M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tower cranes were China ($653M), Germany ($193M), Italy ($182M), Spain ($130M), and France ($74.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Tower cranes were Turkey ($222M), United States ($115M), Russia ($76.4M), Switzerland ($56.1M), and Israel ($55.7M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Tower cranes 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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