HS Icon Parts of lifts, skip hoist or escalators

843131 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Parts of lifts, skip hoist or escalators. In 2019, Parts of lifts, skip hoist or escalators were the world's 624th most traded product, with a total trade of $4.92B. Between 2018 and 2019 the exports of Parts of lifts, skip hoist or escalators decreased by -2.27%, from $5.03B to $4.92B. Trade in Parts of lifts, skip hoist or escalators represent 0.027% of total world trade.

Exports: In 2019 the top exporters of Parts of lifts, skip hoist or escalators  were China ($1.15B), Italy ($535M), Spain ($440M), Germany ($383M), and Slovakia ($196M).

Imports: In 2019 the top importers of Parts of lifts, skip hoist or escalators were Germany ($544M), United States ($489M), France ($287M), Italy ($270M), and China ($186M).

Tariffs: In 2018 the average tariff for Parts of lifts, skip hoist or escalators was 5.52%, making it the 3829th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of lifts, skip hoist or escalators are Bahamas (40.2%), Bermuda (35%), Iran (20%), Maldives (19.6%), 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 lifts, skip hoist or escalators ranks 926th in the Product Complexity Index (PCI).

Description: Typically, a lift or an escalator is a device that consists of a motorized platform on a track. A passenger either steps onto the device or enters it through a series of doors. The platform then moves up or down to a desired floor, and the passenger gets off.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.15B

Top Destination (2019): Germany, $544M

Parts of lifts, skip hoist or escalators are the world's 624th most traded product.

In 2019, the top exporters of Parts of lifts, skip hoist or escalators were China ($1.15B), Italy ($535M), Spain ($440M), Germany ($383M), and Slovakia ($196M).

In 2019, the top importers of Parts of lifts, skip hoist or escalators were Germany ($544M), United States ($489M), France ($287M), Italy ($270M), and China ($186M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $78.9M

Top Destination Growth (2018 - 2019): Hong Kong, $80.2M

Between 2018 and 2019, the exports of Parts of lifts, skip hoist or escalators grew the fastest in China ($78.9M), Canada ($25.9M), Turkey ($16.2M), United States ($15.6M), and Netherlands ($7.09M).

Between 2018 and 2019, the fastest growing importers of Parts of lifts, skip hoist or escalators were Hong Kong ($80.2M), United States ($29.4M), France ($16.8M), Argentina ($13.9M), and Singapore ($10.8M).

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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 lifts, skip hoist or escalators.

In 2019,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Parts of lifts, skip hoist or escalators are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $964M

TOP NET IMPORTER (2019): United States, $366M

This map shows which countries export or import more of Parts of lifts, skip hoist or escalators. Each country is colored based on the difference in exports and imports of Parts of lifts, skip hoist or escalators during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts of lifts, skip hoist or escalators were China ($964M), Italy ($265M), Spain ($254M), Czechia ($110M), and Austria ($98.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts of lifts, skip hoist or escalators were United States ($366M), Germany ($161M), Hong Kong ($161M), France ($133M), and India ($105M).

Import Tariffs

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In 2018, the average tariff for importing Parts of lifts, skip hoist or escalators was 5.52%. The countries with the highest tariffs for importing Parts of lifts, skip hoist or escalators were Bahamas (40.2%), Bermuda (35%), Iran (20%), Maldives (19.6%), 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.