Overview: This page contains the latest trade data of Lifting Machinery. 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).
Top Destination Growth (2017 - 2018): Germany, $392M
Between 2017 and 2018, the exports of Lifting Machinery grew the fastest in Germany ($987M), Netherlands ($414M), China ($359M), Italy ($324M), and South Korea ($264M).
Between 2017 and 2018, the fastest growing importers of Lifting Machinery were Germany ($392M), France ($287M), Poland ($264M), India ($257M), and Spain ($187M).
This chart shows the evolution of the market concentration of exports of Lifting Machinery.
In 2018, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Lifting Machinery are explained by 22 countries.
This map shows which countries export or import more of Lifting Machinery. Each country is colored based on the difference in exports and imports of Lifting Machinery during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Lifting Machinery were Germany ($3.44B), China ($2.7B), Italy ($1.72B), Japan ($1.4B), and South Korea ($984M).
In 2018, the countries that had a largest trade value in imports than in exports of Lifting Machinery were United States ($1.95B), Russia ($929M), Vietnam ($715M), Australia ($673M), and India ($568M).
In 2018, the average tariff for importing Lifting Machinery was 5.08%. The countries with the highest tariffs for importing Lifting Machinery were Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Finland (15%), and Cambodia (15%).
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.