HS Icon Transporter or bridge cranes

842619 (Harmonized System 1992 for 6-digit)

World Trade (2019): $2.77B, Rnk 1061 / 4648

Top Exporter (2019): $1.48B, China

Top Importer (2019): $347M, United States

Product Complexity (2019): -0.58, Rnk 3475 / 4826

Export Growth (CAGR)(2018 - 2019): -0.039%, Rnk 1543 / 4648

Mean Tariff (2018): 5.38%, Rnk 3905 / 6538

Share of World Trade (2019): 0.015%, Rnk 1061 / 4648

Overview:  This page contains the latest trade data of Transporter or bridge cranes. In 2019, Transporter or bridge cranes were the world's 1061st most traded product, with a total trade of $2.77B. Between 2018 and 2019 the exports of Transporter or bridge cranes decreased by -0.039%, from  $2.77B to $2.77B. Trade in Transporter or bridge cranes represent 0.015% of total world trade.

Exports: In 2019 the top exporters of Transporter or bridge cranes  were China ($1.48B), Germany ($193M), Japan ($173M), Ireland ($152M), and South Korea ($133M).

Imports: In 2019 the top importers of Transporter or bridge cranes were United States ($347M), Indonesia ($193M), India ($142M), Singapore ($117M), and United Arab Emirates ($110M).

Tariffs: In 2018 the average tariff for Transporter or bridge cranes was 5.38%, making it the 3905th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Transporter or bridge cranes are Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Algeria (24.3%), and Iran (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Transporter or bridge cranes ranks 3475th in the Product Complexity Index (PCI).

Description: Transporter or bridge cranes are used to move heavy objects that cannot be moved by hand. They are typically used to lift and maneuver large pieces of equipment or other heavy objects.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.48B

Top Destination (2019): United States, $347M

Transporter or bridge cranes are the world's 1061st most traded product.

In 2019, the top exporters of Transporter or bridge cranes were China ($1.48B), Germany ($193M), Japan ($173M), Ireland ($152M), and South Korea ($133M).

In 2019, the top importers of Transporter or bridge cranes were United States ($347M), Indonesia ($193M), India ($142M), Singapore ($117M), and United Arab Emirates ($110M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $108M

Top Destination Growth (2018 - 2019): Indonesia, $96M

Between 2018 and 2019, the exports of Transporter or bridge cranes grew the fastest in South Korea ($108M), Finland ($43.2M), Japan ($40M), Spain ($22.8M), and United States ($21.9M).

Between 2018 and 2019, the fastest growing importers of Transporter or bridge cranes were Indonesia ($96M), Singapore ($85.7M), Saudi Arabia ($71.7M), Russia ($61.3M), and Dominican Republic ($43.5M).

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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 Transporter or bridge cranes.

In 2019,  market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Transporter or bridge cranes are explained by 8 countries.

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TOP NET EXPORTER (2019): China, $1.44B

TOP NET IMPORTER (2019): United States, $282M

This map shows which countries export or import more of Transporter or bridge cranes. Each country is colored based on the difference in exports and imports of Transporter or bridge cranes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Transporter or bridge cranes were China ($1.44B), Japan ($162M), Ireland ($151M), Germany ($127M), and South Korea ($108M).

In 2019, the countries that had a largest trade value in imports than in exports of Transporter or bridge cranes were United States ($282M), Indonesia ($191M), India ($118M), United Arab Emirates ($106M), and Singapore ($93.7M).

Import Tariffs

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In 2018, the average tariff for importing Transporter or bridge cranes was 5.38%.  The countries with the highest tariffs for importing Transporter or bridge cranes were Maldives (48.8%), Bahamas (40.2%), Bermuda (35%), Algeria (24.3%), and Iran (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.