Lifting Machinery8428 (Harmonized System 1992 for 4-digit)
World Trade (2018): $32.9B, Rnk 113 / 1225
Top Exporter (2018): $5.38B, Germany
Top Importer (2018): $4.03B, United States
Product Complexity (2018): 1.09, Rnk 144 / 1018
Export Growth (CAGR)(2017 - 2018): 12.5%, Rnk 646 / 1225
Mean Tariff (2018): 5.08%, Rnk 815 / 1259
Share of World Trade (2018): 0.18%, Rnk 113 / 1225
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).
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).
Trade By Country
Top Origin (2018): Germany, $5.38B
Top Destination (2018): United States, $4.03B
Lifting Machinery are the world's 113th most traded product.
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).
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).
Trade by country
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).
Cumulative market share
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.
TOP NET EXPORTER (2018): Germany, $3.44B
TOP NET IMPORTER (2018): United States, $1.95B
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).
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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