HS Icon Parts of cranes, work-trucks, shovels, constr machine

843149 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Parts of cranes, work-trucks, shovels, constr machine. In 2019, Parts of cranes, work-trucks, shovels, constr machine were the world's 105th most traded product, with a total trade of $25B. Between 2018 and 2019 the exports of Parts of cranes, work-trucks, shovels, constr machine decreased by -5.78%, from $26.5B to $25B. Trade in Parts of cranes, work-trucks, shovels, constr machine represent 0.14% of total world trade.

Exports In 2019 the top exporters of Parts of cranes, work-trucks, shovels, constr machine  were China ($4.76B), United States ($2.53B), Germany ($1.89B), Japan ($1.78B), and South Korea ($1.74B).

Imports In 2019 the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($4.23B), Germany ($2.04B), Canada ($1.38B), Japan ($1.38B), and France ($1.01B).

Tariffs In 2018 the average tariff for Parts of cranes, work-trucks, shovels, constr machine was 4.44%, making it the 4567th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of cranes, work-trucks, shovels, constr machine are Bahamas (40.2%), Bermuda (35%), Maldives (20%), Jordan (15.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking Parts of cranes, work-trucks, shovels, constr machine ranks 1044th in the Product Complexity Index (PCI).

Description A crane is used for moving heavy objects such as girders, concrete, and steel. A work truck is used to transport people, equipment, and supplies. A shovel is used to dig up dirt or gravel. A construction machine is used to build structures such as buildings, roads, and bridges.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $4.76B

Top Destination (2019): United States, $4.23B

Parts of cranes, work-trucks, shovels, constr machine are the world's 105th most traded product.

In 2019, the top exporters of Parts of cranes, work-trucks, shovels, constr machine were China ($4.76B), United States ($2.53B), Germany ($1.89B), Japan ($1.78B), and South Korea ($1.74B).

In 2019, the top importers of Parts of cranes, work-trucks, shovels, constr machine were United States ($4.23B), Germany ($2.04B), Canada ($1.38B), Japan ($1.38B), and France ($1.01B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $85.4M

Top Destination Growth (2018 - 2019): Canada, $70.4M

Between 2018 and 2019, the exports of Parts of cranes, work-trucks, shovels, constr machine grew the fastest in Malaysia ($85.4M), Denmark ($53.5M), Finland ($40.2M), Russia ($35.3M), and Canada ($34M).

Between 2018 and 2019, the fastest growing importers of Parts of cranes, work-trucks, shovels, constr machine were Canada ($70.4M), Ukraine ($32.2M), United Arab Emirates ($28.3M), Estonia ($27.8M), and Nigeria ($20.6M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Parts of cranes, work-trucks, shovels, constr machine.

In 2019,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Parts of cranes, work-trucks, shovels, constr machine are explained by 23 countries.

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TOP NET EXPORTER (2019): China, $3.86B

TOP NET IMPORTER (2019): United States, $1.7B

This map shows which countries export or import more of Parts of cranes, work-trucks, shovels, constr machine. Each country is colored based on the difference in exports and imports of Parts of cranes, work-trucks, shovels, constr machine during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts of cranes, work-trucks, shovels, constr machine were China ($3.86B), South Korea ($1.4B), Italy ($920M), Mexico ($403M), and Japan ($401M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts of cranes, work-trucks, shovels, constr machine were United States ($1.7B), Canada ($804M), Australia ($722M), Indonesia ($545M), and Russia ($427M).

Import Tariffs

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In 2018, the average tariff for importing Parts of cranes, work-trucks, shovels, constr machine was 4.44%. The countries with the highest tariffs for importing Parts of cranes, work-trucks, shovels, constr machine were Bahamas (40.2%), Bermuda (35%), Maldives (20%), Jordan (15.6%), and Cambodia (15%).

Product Complexity

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Diversification Frontier

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Specialization

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.