Overview: In 2018, Lifting Machinery were the world's 113th most traded product, with a total trade of $32.9B. Between 2017 and 2018 the exports of Lifting Machinery grew by 12.5%, from $29.3B to $32.9B. Trade in Lifting Machinery represent 0.18% of total world trade.
Exports: In 2018 the top exporters of Lifting Machinery were Germany ($5.38B), China ($4.9B), Italy ($2.29B), United States ($2.08B), and Japan ($1.81B).
Imports: In 2018 the top importers of Lifting Machinery were United States ($4.03B), China ($2.21B), Germany ($1.95B), France ($1.24B), and United Kingdom ($1.14B).
Tariffs: In 2018 the average tariff for Lifting Machinery was 5.08%, been the 815 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Lifting Machinery are Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Finland (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Lifting Machinery ranks 144th in the Product Complexity Index (PCI).