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.