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842531 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.35BRnk 1788 / 4644
2023
Top Exporter | Top ImporterfalseN/A | United States
2023
Product Complexity 0.8Rnk 1111 / 4656
2022 - 2023
Export Growth (CAGR) 5.06%Rnk 1035 / 4644
2023
Share of World Trade 0.006%Rnk 1788 / 4644

About

Overview This page contains the latest trade data of Winches or capstans nes powered by electric motor. In 2023, Winches or capstans nes powered by electric motor were the world's 1788th most traded product, with a total trade of $1.35B. Between 2022 and 2023 the exports of Winches or capstans nes powered by electric motor grew by 5.06%, from $1.29B to $1.35B. Trade in Winches or capstans nes powered by electric motor represent 0.006% of total world trade.

Winches or capstans nes powered by electric motor are a part of Pulley Systems.

Exports In 2023 the top exporters of Winches or capstans nes powered by electric motor  were N/A.

Imports In 2023 the top importers of Winches or capstans nes powered by electric motor were United States ($189M), China ($115M), Turkey ($64M), South Korea ($54.2M), and Germany ($49.1M).

Ranking Winches or capstans nes powered by electric motor ranks 1111th in the Product Complexity Index (PCI).

Description A winch or capstan is any of a number of devices that use winding power to pull in and let out cable or a rope. As an example, a winch may be attached to a boat to help it back in if it gets stuck on the shore. A winch may also be used to pull in a cable or a rope to bring a boat closer to shore.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Winches or capstans nes powered by electric motor. 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 Destination (2023)United States$189M

In 2023 Winches or capstans nes powered by electric motor were the world's 1788th most traded product (out of 4,644).

In 2023, the top importers of Winches or capstans nes powered by electric motor were United States ($189M), China ($115M), Turkey ($64M), South Korea ($54.2M), and Germany ($49.1M).

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Exporters of Winches or capstans nes powered by electric motor (2023)
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Importers of Winches or capstans nes powered by electric motor (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$31.3M
Top Destination Decrease (2022 -  2023)United States-$17.7M

Between 2022 and 2023, the exports of Winches or capstans nes powered by electric motor grew the fastest in France ($31.3M), United Kingdom ($28.5M), Germany ($14.9M), Romania ($13.9M), and South Africa ($7.47M).

Between 2022 and 2023, the fastest declining importers of Winches or capstans nes powered by electric motor were United States (-$17.7M), Canada (-$12.3M), Vietnam (-$10.5M), Iran (-$9.43M), and Chinese Taipei (-$8.38M).

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Exporters of Winches or capstans nes powered by electric motor (2022 - 2023)

Importers of Winches or capstans nes powered by electric motor (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Winches or capstans nes powered by electric motor.

In 2023, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Winches or capstans nes powered by electric motor are explained by 13 countries.

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Value of Exports in Winches or capstans nes powered by electric motor

Net Trade

TOP NET EXPORTER (2023)China$394M
TOP NET IMPORTER (2023)United States$101M

This map shows which countries export or import more of Winches or capstans nes powered by electric motor. Each country is colored based on the difference in exports and imports of Winches or capstans nes powered by electric motor during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Winches or capstans nes powered by electric motor were China ($394M), Italy ($92.6M), Germany ($58.9M), United Kingdom ($31.9M), and Finland ($30.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Winches or capstans nes powered by electric motor were United States ($101M), Turkey ($52.4M), Vietnam ($42.4M), India ($39.5M), and South Korea ($35.6M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Winches or capstans nes powered by electric motor 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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