HS Icon Lifting, handling, loading or unloading machinery nes

842890 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $13.4B, Rnk 217 / 4648

2019
Top Exporter | Top Importer
: $2.55B | $2.16B, Germany | United States

2019
Product Complexity
: 1.42, Rnk 277 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.52%, Rnk 941 / 4648

2018
Mean Tariff
: 4.62%, Rnk 4432 / 6538

 2019
Share of World Trade
: 0.074%, Rnk 217 / 4648

Overview:  This page contains the latest trade data of Lifting, handling, loading or unloading machinery nes. In 2019, Lifting, handling, loading or unloading machinery nes were the world's 217th most traded product, with a total trade of $13.4B. Between 2018 and 2019 the exports of Lifting, handling, loading or unloading machinery nes grew by 3.52%, from  $13B to $13.4B. Trade in Lifting, handling, loading or unloading machinery nes represent 0.074% of total world trade.

Exports: In 2019 the top exporters of Lifting, handling, loading or unloading machinery nes  were Germany ($2.55B), China ($1.3B), Japan ($1.3B), United States ($894M), and Italy ($743M).

Imports: In 2019 the top importers of Lifting, handling, loading or unloading machinery nes were United States ($2.16B), China ($1.01B), Germany ($925M), France ($619M), and Netherlands ($547M).

Tariffs: In 2018 the average tariff for Lifting, handling, loading or unloading machinery nes was 4.62%, making it the 4432nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Lifting, handling, loading or unloading machinery nes are Bahamas (40.2%), Bermuda (35%), Pakistan (23.7%), Maldives (19.6%), and Finland (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Lifting, handling, loading or unloading machinery nes ranks 277th in the Product Complexity Index (PCI).

Description: Lifting, handling, loading, and unloading machinery is typically used in the manufacturing, transportation, and warehousing industries. Lifting machinery can be used to lift heavy items from the ground to place them on a conveyor belt, load them into a truck, or unload them from a truck. Handling machinery such as pallet jacks and forklifts can be used to move items from one location to another. Loaders and unloaders are also used to load and unload items from trucks.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.55B

Top Destination (2019): United States, $2.16B

Lifting, handling, loading or unloading machinery nes are the world's 217th most traded product.

In 2019, the top exporters of Lifting, handling, loading or unloading machinery nes were Germany ($2.55B), China ($1.3B), Japan ($1.3B), United States ($894M), and Italy ($743M).

In 2019, the top importers of Lifting, handling, loading or unloading machinery nes were United States ($2.16B), China ($1.01B), Germany ($925M), France ($619M), and Netherlands ($547M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Germany, $147M

Top Destination Growth (2018 - 2019): France, $116M

Between 2018 and 2019, the exports of Lifting, handling, loading or unloading machinery nes grew the fastest in Germany ($147M), China ($120M), Denmark ($79.1M), Poland ($63.8M), and Netherlands ($47.1M).

Between 2018 and 2019, the fastest growing importers of Lifting, handling, loading or unloading machinery nes were France ($116M), United States ($88.9M), Luxembourg ($71.6M), Hungary ($57.7M), and Russia ($52.2M).

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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 Lifting, handling, loading or unloading machinery nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Lifting, handling, loading or unloading machinery nes are explained by 21 countries.

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TOP NET EXPORTER (2019): Germany, $1.63B

TOP NET IMPORTER (2019): United States, $1.27B

This map shows which countries export or import more of Lifting, handling, loading or unloading machinery nes. Each country is colored based on the difference in exports and imports of Lifting, handling, loading or unloading machinery nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Lifting, handling, loading or unloading machinery nes were Germany ($1.63B), Japan ($1.03B), Italy ($446M), South Korea ($338M), and China ($295M).

In 2019, the countries that had a largest trade value in imports than in exports of Lifting, handling, loading or unloading machinery nes were United States ($1.27B), Russia ($332M), Australia ($279M), India ($200M), and Spain ($184M).

Import Tariffs

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In 2018, the average tariff for importing Lifting, handling, loading or unloading machinery nes was 4.62%.  The countries with the highest tariffs for importing Lifting, handling, loading or unloading machinery nes were Bahamas (40.2%), Bermuda (35%), Pakistan (23.7%), Maldives (19.6%), and Finland (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.