Cranes8426 (Harmonized System 1992 for 4-digit)
World Trade (2018): $14.7B, Rnk 250 / 1225
Top Exporter (2018): $3.5B, China
Top Importer (2018): $1.64B, United States
Product Complexity (2018): 0.73, Rnk 275 / 1018
Export Growth (CAGR)(2017 - 2018): 10.4%, Rnk 756 / 1225
Mean Tariff (2018): 5.31%, Rnk 773 / 1259
Share of World Trade (2018): 0.08%, Rnk 250 / 1225
Overview: This page contains the latest trade data of Cranes. In 2018, Cranes were the world's 250th most traded product, with a total trade of $14.7B. Between 2017 and 2018 the exports of Cranes grew by 10.4%, from $13.3B to $14.7B. Trade in Cranes represent 0.08% of total world trade.
Exports: In 2018 the top exporters of Cranes were China ($3.5B), Germany ($1.86B), Italy ($1.44B), Japan ($1.03B), and Austria ($827M).
Imports: In 2018 the top importers of Cranes were United States ($1.64B), Germany ($681M), France ($547M), Netherlands ($524M), and United Kingdom ($472M).
Tariffs: In 2018 the average tariff for Cranes was 5.31%, been the 773 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Cranes are Bahamas (40.2%), Bermuda (35%), Maldives (28.3%), 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 ranks 275th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $3.5B
Top Destination (2018): United States, $1.64B
Cranes are the world's 250th most traded product.
In 2018, the top exporters of Cranes were China ($3.5B), Germany ($1.86B), Italy ($1.44B), Japan ($1.03B), and Austria ($827M).
In 2018, the top importers of Cranes were United States ($1.64B), Germany ($681M), France ($547M), Netherlands ($524M), and United Kingdom ($472M).
Trade by country
Top Origin Growth (2017 - 2018): Italy, $348M
Top Destination Growth (2017 - 2018): United States, $356M
Between 2017 and 2018, the exports of Cranes grew the fastest in Italy ($348M), China ($259M), United Arab Emirates ($135M), Poland ($119M), and United States ($108M).
Between 2017 and 2018, the fastest growing importers of Cranes were United States ($356M), France ($165M), Germany ($161M), Australia ($132M), and Thailand ($112M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cranes.
In 2018, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Cranes are explained by 19 countries.
TOP NET EXPORTER (2018): China, $3.26B
TOP NET IMPORTER (2018): United States, $1.05B
This map shows which countries export or import more of Cranes. Each country is colored based on the difference in exports and imports of Cranes during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Cranes were China ($3.26B), Italy ($1.18B), Germany ($1.18B), Japan ($918M), and Austria ($598M).
In 2018, the countries that had a largest trade value in imports than in exports of Cranes were United States ($1.05B), Indonesia ($448M), United Kingdom ($311M), United Arab Emirates ($247M), and Australia ($247M).
This section shows forecasts for total trade for Cranes. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
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.
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