HS Icon Cranes & lifting frames, self-propelled, not on tyres

842649 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.38B, Rnk 1181 / 4726

Top Exporter (2018): $469M, Germany

Top Importer (2018): $364M, United States

Product Complexity (2018): -0.83, Rnk 3805 / 4873

Export Growth (CAGR)(2017 - 2018): 18.2%, Rnk 1543 / 4726

Mean Tariff (2018): 5.23%, Rnk 3997 / 6538

Share of World Trade (2018): 0.013%, Rnk 1181 / 4726

Overview:  This page contains the latest trade data of Cranes & lifting frames, self-propelled, not on tyres. In 2018, Cranes & lifting frames, self-propelled, not on tyres were the world's 1181st most traded product, with a total trade of $2.38B. Between 2017 and 2018 the exports of Cranes & lifting frames, self-propelled, not on tyres grew by 18.2%, from  $2.02B to $2.38B. Trade in Cranes & lifting frames, self-propelled, not on tyres represent 0.013% of total world trade.

Exports: In 2018 the top exporters of Cranes & lifting frames, self-propelled, not on tyres  were Germany ($469M), China ($320M), Japan ($307M), Austria ($180M), and Italy ($137M).

Imports: In 2018 the top importers of Cranes & lifting frames, self-propelled, not on tyres were United States ($364M), Netherlands ($142M), Indonesia ($123M), United Kingdom ($96.8M), and Belgium-Luxembourg ($82.2M).

Tariffs: In 2018 the average tariff for Cranes & lifting frames, self-propelled, not on tyres was 5.23%, been the 3997 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cranes & lifting frames, self-propelled, not on tyres are Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Iran (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cranes & lifting frames, self-propelled, not on tyres ranks 3805th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $469M

Top Destination (2018): United States, $364M

Cranes & lifting frames, self-propelled, not on tyres are the world's 1181st most traded product.

In 2018, the top exporters of Cranes & lifting frames, self-propelled, not on tyres were Germany ($469M), China ($320M), Japan ($307M), Austria ($180M), and Italy ($137M).

In 2018, the top importers of Cranes & lifting frames, self-propelled, not on tyres were United States ($364M), Netherlands ($142M), Indonesia ($123M), United Kingdom ($96.8M), and Belgium-Luxembourg ($82.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $101M

Top Destination Growth (2017 - 2018): Nigeria, $71.1M

Between 2017 and 2018, the exports of Cranes & lifting frames, self-propelled, not on tyres grew the fastest in China ($101M), Belgium-Luxembourg ($68.5M), United Arab Emirates ($43.4M), Italy ($37M), and Japan ($32.2M).

Between 2017 and 2018, the fastest growing importers of Cranes & lifting frames, self-propelled, not on tyres were Nigeria ($71.1M), Indonesia ($64.2M), United Kingdom ($39.7M), China ($33.3M), and Philippines ($30.8M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Cranes & lifting frames, self-propelled, not on tyres.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Cranes & lifting frames, self-propelled, not on tyres are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $419M

TOP NET IMPORTER (2018): United States, $250M

This map shows which countries export or import more of Cranes & lifting frames, self-propelled, not on tyres. Each country is colored based on the difference in exports and imports of Cranes & lifting frames, self-propelled, not on tyres during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cranes & lifting frames, self-propelled, not on tyres were Germany ($419M), Japan ($269M), China ($259M), Austria ($172M), and Italy ($113M).

In 2018, the countries that had a largest trade value in imports than in exports of Cranes & lifting frames, self-propelled, not on tyres were United States ($250M), Indonesia ($122M), Nigeria ($79.2M), Netherlands ($70.4M), and United Kingdom ($58.8M).

Trade Forecasts

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This section shows forecasts for total trade for Cranes & lifting frames, self-propelled, not on tyres. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Cranes & lifting frames, self-propelled, not on tyres was 5.23%.  The countries with the highest tariffs for importing Cranes & lifting frames, self-propelled, not on tyres were Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Iran (15%), and Cambodia (15%).

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Product Complexity

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Diversification Frontier

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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.