HS Icon Lifting Machinery

8428 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $32.7B, Rnk 112 / 1217

2019
Top Exporter | Top Importer
: $5.37B | $4.01B, Germany | United States

2019
Product Complexity
: 1.16, Rnk 109 / 961

2018 - 2019
Export Growth (CAGR)
: -1.01%, Rnk 471 / 1217

2018
Mean Tariff
: 5.08%, Rnk 815 / 1259

 2019
Share of World Trade
: 0.18%, Rnk 112 / 1217

Overview:  This page contains the latest trade data of Lifting Machinery. In 2019, Lifting Machinery were the world's 112th most traded product, with a total trade of $32.7B. Between 2018 and 2019 the exports of Lifting Machinery decreased by -1.01%, from  $33B to $32.7B. Trade in Lifting Machinery represent 0.18% of total world trade.

Exports: In 2019 the top exporters of Lifting Machinery  were Germany ($5.37B), China ($5.06B), Italy ($2.23B), United States ($1.98B), and Japan ($1.83B).

Imports: In 2019 the top importers of Lifting Machinery were United States ($4.01B), Germany ($2.03B), China ($1.96B), France ($1.4B), and Canada ($1.11B).

Tariffs: In 2018 the average tariff for Lifting Machinery was 5.08%, making it the 815th 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 109th in the Product Complexity Index (PCI).

Description: Lifting, handling, loading or unloading machinery is used to move materials from one place to another. These machines are usually made of steel and can be powered by electricity, hydraulics, or a combination of both.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $5.37B

Top Destination (2019): United States, $4.01B

Lifting Machinery are the world's 112th most traded product.

In 2019, the top exporters of Lifting Machinery were Germany ($5.37B), China ($5.06B), Italy ($2.23B), United States ($1.98B), and Japan ($1.83B).

In 2019, the top importers of Lifting Machinery were United States ($4.01B), Germany ($2.03B), China ($1.96B), France ($1.4B), and Canada ($1.11B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $157M

Top Destination Growth (2018 - 2019): France, $160M

Between 2018 and 2019, the exports of Lifting Machinery grew the fastest in China ($157M), Turkey ($70.1M), Poland ($44.6M), India ($41.2M), and Slovakia ($36.4M).

Between 2018 and 2019, the fastest growing importers of Lifting Machinery were France ($160M), Poland ($146M), Indonesia ($121M), South Korea ($105M), and Japan ($96.3M).

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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 Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Lifting Machinery are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $3.34B

TOP NET IMPORTER (2019): United States, $2.03B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Lifting Machinery were Germany ($3.34B), China ($3.1B), Italy ($1.6B), Japan ($1.32B), and Netherlands ($711M).

In 2019, the countries that had a largest trade value in imports than in exports of Lifting Machinery were United States ($2.03B), Russia ($962M), Vietnam ($681M), Australia ($623M), and Indonesia ($605M).

Disaggregation

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Value

In 2019, the world most traded Lifting Machinery, disaggragated by their HS6 level were Lifting, handling, loading or unloading machinery... ($13.4B), Lifts and skip hoists ($6.51B), Continuous action elevators or conveyors for... ($5.86B), Continuous action goods conveyor or elevator... ($3.72B), and Pneumatic elevators and conveyors ($1.23B)

Import Tariffs

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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%).

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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.