HS Icon Parts of lifting/handling machinery nes

843139 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Parts of lifting/handling machinery nes. In 2019, Parts of lifting/handling machinery nes were the world's 358th most traded product, with a total trade of $8.67B. Between 2018 and 2019 the exports of Parts of lifting/handling machinery nes grew by 2.28%, from $8.48B to $8.67B. Trade in Parts of lifting/handling machinery nes represent 0.048% of total world trade.

Exports: In 2019 the top exporters of Parts of lifting/handling machinery nes  were Germany ($1.51B), China ($998M), United States ($953M), Canada ($452M), and Japan ($404M).

Imports: In 2019 the top importers of Parts of lifting/handling machinery nes were United States ($1.45B), Germany ($669M), China ($470M), Canada ($447M), and France ($391M).

Tariffs: In 2018 the average tariff for Parts of lifting/handling machinery nes was 4.21%, making it the 4786th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of lifting/handling machinery nes are Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), Jordan (15.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Parts of lifting/handling machinery nes ranks 978th in the Product Complexity Index (PCI).

Description: Lifting/handling machinery is designed to carry goods or people by means of a mechanical system. They are used for a variety of purposes including storing, handling and transporting goods. What are the different types of lifting/handling machinery? There are many types of lifting/handling machinery and can be divided into many categories. For example, there are lifting machines for handling cargo, lifting machines for handling people and lifting machines for handling containers. What are the advantages of using lifting/handling machinery? Lifting/handling machinery can be used

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.51B

Top Destination (2019): United States, $1.45B

Parts of lifting/handling machinery nes are the world's 358th most traded product.

In 2019, the top exporters of Parts of lifting/handling machinery nes were Germany ($1.51B), China ($998M), United States ($953M), Canada ($452M), and Japan ($404M).

In 2019, the top importers of Parts of lifting/handling machinery nes were United States ($1.45B), Germany ($669M), China ($470M), Canada ($447M), and France ($391M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $72.1M

Top Destination Growth (2018 - 2019): China, $94.7M

Between 2018 and 2019, the exports of Parts of lifting/handling machinery nes grew the fastest in China ($72.1M), Germany ($71.9M), Canada ($63.5M), Japan ($63.5M), and Chinese Taipei ($56.9M).

Between 2018 and 2019, the fastest growing importers of Parts of lifting/handling machinery nes were China ($94.7M), Chinese Taipei ($29.9M), Canada ($28.5M), Singapore ($27.8M), and Austria ($26.3M).

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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 Parts of lifting/handling machinery nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Parts of lifting/handling machinery nes are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $842M

TOP NET IMPORTER (2019): United States, $499M

This map shows which countries export or import more of Parts of lifting/handling machinery nes. Each country is colored based on the difference in exports and imports of Parts of lifting/handling machinery nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts of lifting/handling machinery nes were Germany ($842M), China ($528M), Japan ($201M), Denmark ($180M), and Italy ($143M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts of lifting/handling machinery nes were United States ($499M), Australia ($133M), United Kingdom ($122M), Russia ($106M), and Vietnam ($89.9M).

Import Tariffs

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In 2018, the average tariff for importing Parts of lifting/handling machinery nes was 4.21%. The countries with the highest tariffs for importing Parts of lifting/handling machinery nes were Bahamas (40.2%), Bermuda (35%), Maldives (19.6%), 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.