Fork-Lifts8427 (Harmonized System 1992 for 4-digit)
World Trade (2018): $20.2B, Rnk 185 / 1225
Top Exporter (2018): $3.81B, Germany
Top Importer (2018): $2.61B, United States
Product Complexity (2018): 1.58, Rnk 36 / 1018
Export Growth (CAGR)(2017 - 2018): 18.4%, Rnk 375 / 1225
Mean Tariff (2018): 7.38%, Rnk 592 / 1259
Share of World Trade (2018): 0.11%, Rnk 185 / 1225
Overview: This page contains the latest trade data of Fork-Lifts. In 2018, Fork-Lifts were the world's 185th most traded product, with a total trade of $20.2B. Between 2017 and 2018 the exports of Fork-Lifts grew by 18.4%, from $17.1B to $20.2B. Trade in Fork-Lifts represent 0.11% of total world trade.
Exports: In 2018 the top exporters of Fork-Lifts were Germany ($3.81B), China ($2.75B), United States ($2.1B), Italy ($1.58B), and United Kingdom ($1.38B).
Imports: In 2018 the top importers of Fork-Lifts were United States ($2.61B), France ($1.51B), Germany ($1.19B), United Kingdom ($1.11B), and Netherlands ($1.04B).
Tariffs: In 2018 the average tariff for Fork-Lifts was 7.38%, been the 592 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Fork-Lifts are Maldives (41.4%), Bahamas (40.2%), Bermuda (35%), Iran (26.7%), and Bulgaria (20.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Fork-Lifts ranks 36th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $3.81B
Top Destination (2018): United States, $2.61B
Fork-Lifts are the world's 185th most traded product.
In 2018, the top exporters of Fork-Lifts were Germany ($3.81B), China ($2.75B), United States ($2.1B), Italy ($1.58B), and United Kingdom ($1.38B).
In 2018, the top importers of Fork-Lifts were United States ($2.61B), France ($1.51B), Germany ($1.19B), United Kingdom ($1.11B), and Netherlands ($1.04B).
Trade by country
Between 2017 and 2018, the exports of Fork-Lifts grew the fastest in China ($714M), Germany ($341M), United States ($325M), France ($195M), and Italy ($190M).
Between 2017 and 2018, the fastest growing importers of Fork-Lifts were France ($301M), United States ($296M), Belgium-Luxembourg ($273M), Canada ($242M), and Germany ($222M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Fork-Lifts.
In 2018, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Fork-Lifts are explained by 15 countries.
This map shows which countries export or import more of Fork-Lifts. Each country is colored based on the difference in exports and imports of Fork-Lifts during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Fork-Lifts were Germany ($2.62B), China ($2.56B), Japan ($950M), Sweden ($877M), and Italy ($745M).
In 2018, the countries that had a largest trade value in imports than in exports of Fork-Lifts were Australia ($642M), United States ($510M), Spain ($489M), Belgium-Luxembourg ($482M), and Russia ($435M).
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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