HS Icon Pulley Systems

8425 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.43B, Rnk 409 / 1225

Top Exporter (2018): $2.3B, China

Top Importer (2018): $1.42B, United States

Product Complexity (2018): 0.64, Rnk 311 / 1018

Export Growth (CAGR)(2017 - 2018): 16.9%, Rnk 438 / 1225

Mean Tariff (2018): 5.34%, Rnk 769 / 1259

Share of World Trade (2018): 0.04%, Rnk 409 / 1225

Overview:  This page contains the latest trade data of Pulley Systems. In 2018, Pulley Systems were the world's 409th most traded product, with a total trade of $7.43B. Between 2017 and 2018 the exports of Pulley Systems grew by 16.9%, from  $6.36B to $7.43B. Trade in Pulley Systems represent 0.04% of total world trade.

Exports: In 2018 the top exporters of Pulley Systems  were China ($2.3B), Germany ($869M), Italy ($595M), United States ($572M), and France ($394M).

Imports: In 2018 the top importers of Pulley Systems were United States ($1.42B), Germany ($515M), Canada ($348M), France ($314M), and China ($276M).

Tariffs: In 2018 the average tariff for Pulley Systems was 5.34%, making it the 769th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pulley Systems are Bahamas (40.2%), Bermuda (25%), Maldives (16.8%), Argentina (15.9%), and Finland (15%). The countries with the lowest tariffs are Mauritius (0%), Zambia (0%), Hong Kong (0%), Japan (0%), and South Korea (0%).

Ranking: Pulley Systems ranks 311th in the Product Complexity Index (PCI).

Description: Pulley tackle and hoists are used to lift heavy objects. They can be made from a variety of materials, including steel, aluminum, and wood.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.3B

Top Destination (2018): United States, $1.42B

Pulley Systems are the world's 409th most traded product.

In 2018, the top exporters of Pulley Systems were China ($2.3B), Germany ($869M), Italy ($595M), United States ($572M), and France ($394M).

In 2018, the top importers of Pulley Systems were United States ($1.42B), Germany ($515M), Canada ($348M), France ($314M), and China ($276M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $317M

Top Destination Growth (2017 - 2018): United States, $185M

Between 2017 and 2018, the exports of Pulley Systems grew the fastest in China ($317M), France ($159M), Germany ($116M), Italy ($106M), and Tanzania ($69.1M).

Between 2017 and 2018, the fastest growing importers of Pulley Systems were United States ($185M), Germany ($147M), Rwanda ($70.2M), Canada ($61.5M), and Netherlands ($56.9M).

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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 Pulley Systems.

In 2018,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Pulley Systems are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $2.03B

TOP NET IMPORTER (2018): United States, $847M

This map shows which countries export or import more of Pulley Systems. Each country is colored based on the difference in exports and imports of Pulley Systems during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pulley Systems were China ($2.03B), Italy ($450M), Germany ($354M), Japan ($131M), and France ($79.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Pulley Systems were United States ($847M), Russia ($170M), Canada ($147M), Australia ($133M), and Indonesia ($103M).

Disaggregation

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Value

In 2018, the world most traded Pulley Systems, disaggragated by their HS6 level were Hydraulic jacks/hoists except for garages ($1.96B), Winches or capstans nes powered by... ($1.22B), Jacks and hoists except hydraulic and... ($1.18B), Electric hoists (except skip and vehicle... ($1.04B), and Winches or capstans nes ($964M)

Import Tariffs

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In 2018, the average tariff for importing Pulley Systems was 5.34%.  The countries with the highest tariffs for importing Pulley Systems were Bahamas (40.2%), Bermuda (25%), Maldives (16.8%), Argentina (15.9%), and Finland (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.